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Investor Program - Private Hard Money

posted Dec 1, 2010, 9:42 AM by Massey Kouhssari   [ updated Dec 1, 2010, 9:48 AM ]
Get creative financial solutions with BankerBroker.com, experienced private hard money lenders. Take advantage of hard money loans and REO properties for sale.

Highlights:

  • Loan amount is 80% of (Purchase Price + Rehab Costs + Closing Costs) or 55% of the appraised after value, whichever is lower
  • Rates from 12.99% to 13.99%
  • Option for the investor to extend the loan for 90 days if the rehab and sale takes longer
  • Fund Control Fee waived if no major construction (i.e. roof, electrical, room addition etc)

Loan Programs

INVESTOR PROGRAM
  • First or Second position
  • 3,6,9 or 12 month terms
  • No prepayment penalty
  • Minimum interest depending on the length of the loan
  • Fixed rates from 12.99% to 13.99%
  • Option to extend for 90 days
  • Fund control fee waived if no major construction work
  • Reduced lender fee for seasoned investors 

COMMERCIAL LOANS
  • Purchase or cash out refinance
  • up to 55% LTV
  • Leased or owner occupied
  • 1,2 or 3 year terms
  • Rates from 12.99% to 13.99%

Pacifica First National BELOC (Business Equity Lines of Credit)
  • One year draw period
  • Two year repayment period
  • Maximum 80% of loan amount on 1st draw
  • Balance of loan amount available after 30 days
  • Up to 55% LTV
  • Rates from 12.99% to 13.99%
  • No prepayment penalty, cancellation fee in the 1st year

California Lender Loans from $50K to $2M. For loans over $2 million, call for pricing.


Rates subject to change without notice.
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