Hard Money Loans

Up to 70% of ARV minus repairs (does NOT include fees or origination points)

12% interest-only payments

Loan Origination: 2%

180 day initial term, two 90-day extensions available @ 1% fee per extension

Rehab funds held in escrow and released in draws

No tax/insurance escrow

Appraisal & Survey: Typically not required

Loan Documents: $500-600 (Paid to attorney at settlement)

Wire Fee: ~$40 (One time wire fee at loan payoff)

No junk fees

Transactional Funding

3% of transaction, minimum transaction fee is $2,000

Wire Fees (~$40)

Attorney/Doc Prep Fees (~$500)

Loan up to 72 hours in length

Up to 100% funded (at discretion of lender)

Asset-based lending (no credit/income verification)

All fees/points will be shown on HUD and paid for with proceeds

End buyer's funds must be at title company with approval to disburse before funding