Private Money Guidelines
- 75-80% LTV
- Purchase, Refinance, Cash Out and Rehab
- $100k – $5 Million
- Non-bank/Direct Lender w/In-House Underwriting
- Interest rate based on experience and FICO
- NO HIDDEN FEES
- 5 to 17 day Closings
- Interest Only Payments
- 12, 24 and 48 Month Terms
- Minimal Pre-Payment on 24 and 48 Month Terms
- Non-Owner Occupied Only
- No Minimum FICO Requirements
- SFR, 1-4 Units, 5+ Units, Condos
- Stated Income/Bank Statements Only
- For Multi/Family, No Minimum DSCR Requirements on ‘in place’ income
- Fast Turn times on Draw Requests
- Reserve requirements: Borrower to have 4 months interest payments reserves, down payment, closing costs and rehab funds
- Lending to LLC, Trust and Individual Borrowers