Hard Money Loan
- LG391
- LG391
![EBSC Lending](https://lendding.com/wp-content/uploads/2024/07/2087398000073448168_accounts_photo-150x81.png)
Summary of all Guidelines | |
Loan Types | Hard Money Loan |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $5,000,000 |
Loan amount Maximum | $100,000,000 |
Interest Rate Minimum | 9.5% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 5 |
Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year |
Typical Days Required to Fund | 6-10 Business days |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
General Pricing or Guideline info | - Interest Rate: Starting at 9.49% - Closing Time: 5 - 7 Days - Loan Use: Purchase, refinance, cash-out, construction, renovation - Processing Fee: Based on Project Size - Underwriting Fee: Based on Project Size - Prepayment Penalties: None! (3+ months of minimum interest earned) |
Updated as of | 2024-01-08 |
Program Code | LG391 |
- Interest Rate: Starting at 9.49%
- Closing Time: 5 - 7 Days
- Loans Use: Purchase, refinance, cash-out, construction, renovation
- Processing Fee: Based on Project Size
- Underwriting Fee: Based on Project Size
- Prepayment Penalties: None! (3+ months of minimum interest earned)
![](https://lendding.com/wp-content/uploads/2023/05/lendding-loan-info.png)