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