Hard Money Loan
Commercial Hard Money Loan - LG297
Commercial Hard Money Loan - LG297
Summary of all Guidelines | |
| Loan Types | Hard Money Loan |
| Property Types | Hotel, Industrial, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $35,000,000 |
| Interest Rate Minimum | 11% |
| Interest Rate Maximum | 13% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 3 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year |
| Credit Score Min | 650 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | - Interest Rate: 10.99% - 12.99% - Timing: 2-3 week closings. - Yield Maintenance: Negotiable. - Recourse: Typically Required. - Acceptable Markets: Nationwide (excluding NV) in urban/suburban markets with population of 50,000+. |
| Updated as of | 2023-10-20 |
| Program Code | LG297 |
- Interest Rate: 10.99% - 12.99%
- Timing: 2-3 week closings.
- Yield Maintenance: Negotiable.
- Recourse: Typically Required.
- Acceptable Markets: Nationwide (excluding NV) in urban/suburban markets with population of 50,000+.
