posted Dec 1, 2010, 9:42 AM by Massey Kouhssari
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updated Dec 1, 2010, 9:48 AM
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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
- 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
- Rates from 12.99% to 13.99%
Pacifica First National BELOC (Business Equity Lines of Credit)
- Two year repayment period
- Maximum 80% of loan amount on 1st draw
- Balance of loan amount available after 30 days
- 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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