Hard Money Loan
Hard Money Loan Program - LG351
Hard Money Loan Program - LG351
Summary of all Guidelines | |
| Loan Types | Hard Money Loan |
| Property Types | 2-4 Units, Automotive, Condo, Hotel, Mixed use, Multi Family, Office, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $25,000,000 |
| Interest Rate Minimum | 9.5% |
| Points Minimum 1st TD | 1.75 |
| Points Maximum 1st TD | 2.75 |
| Terms | 6 month, 1 year, 2 year, 3 year |
| Typical Days Required to Fund | 6-10 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Documents needed | Bank Statements - Business Account - 1 month, Driver's license, Entity documents for LLC, Corp or Trust, Purchase Contract, Rent Roll |
| General Pricing or Guideline info | Program Overview Loan Amount: $75,000 - $25 Million Term Length: 6 - 36 months Max LTV: Up to 80% Amortization: Interest only Interest Rate: Starting at 9.49% Closing Time: 3 - 7 Days Loan Use: Purchase, refinance, cash-out, construction, renovation Pro's About Hard Money Loans: Flexibility Quick closing in 3 - 7 Days Interest-only payments Wide range of property types No Income Documentation No Minimum credit requirement What Do I Need To Qualify? Simple... Equity in the property! Origination Fee: 1.75% - 2.75% of the loan amount No Prepayment Penalty No Appraisal Necessary Under 660 Credit Up to 65% LTV Over 660 Credit Up to 80% LTV Eligible Properties for Hard Money Loans Single Family Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Capital Funding Financial, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+. Multi Family Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Capital Funding Financial, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+. Mixed Use Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Capital Funding Financial, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+. Retail Retail is any property used for commercial retail space such as a storefront for selling goods or services. Capital Funding Financial will lend to real estate investors and business owners. |
| Updated as of | 2023-11-20 |
| Program Code | LG351 |
Program Overview
Loans Amount: $75,000 - $25 Million
Term Length: 6 - 36 months
Max LTV: Up to 80%
Amortization: Interest only
Interest Rate: Starting at 9.49%
Closing Time: 3 - 7 Days
Loans Use: Purchase, refinance, cash-out,
construction, renovation
Pro's About Hard Money Loanss:
Flexibility
Quick closing in 3 - 7 Days
Interest-only payments
Wide range of property types
No Income Documentation
No Minimum credit requirement
What Do I Need To Qualify?
Simple... Equity in the property!
Origination Fee: 1.75% - 2.75% of the loan amount
No Prepayment Penalty
No Appraisal Necessary
Under 660 Credit Up to 65% LTV
Over 660 Credit Up to 80% LTV
Eligible Properties for Hard Money Loanss
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At Capital Funding Financial, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.
Multi Family
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Capital Funding Financial, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Mixed Use
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Capital Funding Financial, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Retail
Retail is any property used for commercial retail space such as a storefront for selling goods or services. Capital Funding Financial will lend to real estate investors and business owners.
