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| Interest Rate |
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| Our standard interest rate is 15.00%.
However, this rate can be slightly higher or lower depending
on criteria including credit score and loan-to-value.
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| Points |
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| Our standard loan includes a fee of
5 (five) points. We can roll all of these points into
the loan subject to meeting our standard loan-to-value
criteria. Over time, borrowers with experience, high
credit scores, or additional funds brought to closing
can earn a discount or rebate on a portion of these
points. |
| Loan
Time Frame |
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| Our standard loan term
is for 12 (twelve) months. We do offer shorter term
financing. However, we believe our clients should choose
a loan program (and lender) that will allow them the
time to renovate and re-sell or refinance a property
with an additional time cushion for potential issues
that might arise during the project. |
| Pre-payment
Penalty |
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| There is no prepayment penalty associated
with our loans. |
| Payments |
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| Monthly interest only payments
are required on our loans. |
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We intend to become the leading residential investor redevelopment hard money lending institution in the United States.
How? By adhering to prudent underwriting
criteria. By providing superior customer service and building
lasting and deep relation- ships with our customers and
referral sources. By developing awareness of our name
and our products in the marketplace.
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Our business is built
on referrals by providing superior customer service. We
want to earn your business the same way. |
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