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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.
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%
BankerBroker.com 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.
Pacifica First National Broker Loan Submission Guidelines
We want to underwrite the loan quickly in order to do so please follow our easy process.
To insure that the underwriting department can give your customer's loan the most professional review in the shortest amount of time, we request that you complete the steps outlined below.
1. Submit a submission form with the following:
Complete 1003
Recent credit report
Schedule of real estate
Executive summary
Appraisal or comps with pictures. If you do not already have an appraisal, please do not order the appraisal as we only accept appraisals from our approved appraiser list
2. Send to us via fax or e-mail Banker@BankerBroker.com
3. We will forward you a letter of interest and a MLD with terms and conditions. If there are any issues, please don't hesitate to call us
4. After receipt of the signed LOI and MLDS the loan will be presented to loan committee for a loan decision.
5. If approved a loan approval with terms and conditions will be issued
6. Upon satisfying the conditions we will forward you a document order form for your signature
7. Loan documents will be e-mailed to escrow to be signed by the borrower or we can arrange for a PFN approved notary
The following financial considerations apply to all loan applications:
The borrower or borrowing entity must be able to pay the loan
Borrower must have some of their own financial investment in the property or equivalent
Title must be insurable
We do not lend in rural areas or outside of California
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