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I'll Make You An Offer You Can't Refuse!

Click to download our Hard Money Loan application

Lending Criteria

  • Loan-to-Cost up to 85%
  • Loan-to-ARV up to 75%
  • Only non-owner occupied single family homes
  • Geographies:
    • Georgia: Atlanta and surrounding areas
    • Florida: Tampa, Jacksonville, Orlando, Fort Lauderdale
    • New York and surrounding areas
  • Clear exit strategy

Lending Terms

  • Interest rate ranging from 12% to 15%
  • Origination fee of 3%
  • Underwriting fee of $500
  • Construction review of $250
  • Loan draw fee of $150 per draw
  • Attorney Loan Doc Prep - $750
  • Loan size from $50,000 to $300,000
  • Interest-only, first lien mortgage
  • 6-month loan term with 3-month extension possible

Requested Documents and Files (NOW):

  • Loan Application (form)
  • Completed Appendix A: Past Projects
  • Borrower Corporate Documents
    • For a Corporation
      • Articles of Incorporation
      • By-Laws
      • EIN
      • Certificate of Good Standing
    • For a Limited Liability Company
      • Articles of Organization
      • Operating Agreement
      • EIN
      • Certificate of Good Standing
    • For a Partnership
      • Limited Liability Partnership Agreement
  • Borrower Financials
    • 2 Last Bank Statements (30 days)
    • Tax returns (2 years)
    • EIN
  • Guarantor Financials
    • 2 Last Bank Statements (30 days)
    • Tax returns (2 years)
    • EIN
  • Renovation Plan Details
    • Before Pictures
    • Budget and Scope of Work
  • Company biography / resume of owner

Additional Documents and Files at Closing (LATER):

  • Title insurance
  • Property appraisal
  • Builder's risk insurance

 


 

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