Private Money Lender
Why Private Money Loans
As private mortgage lenders, we provide the professional real estate investor and property owner with the ability to borrow on underwriting criteria not available through institutional lenders. No detailed application forms are required and we can usually render a decision in 1- 3 days. Once approved borrower typically receives funding within 10-14 days. All borrowers must complete a simple application.
Private Money Loan Application Process
- Fill out loan inquiry application.
- We will contact you within 24 hours for any additional information and discuss specific project details.
- Upon approval your LETTER OF ACCEPTANCE will outline loan terms and contingencies (if any).
- Loan to be funded and closed through escrow.
Private Money Loan Product Pricing
Private money loans are designed to optimize borrower’s ability to maximize their financial real estate goals. Rates typically range from 8.5% to 12.5%, loan fees of 0% – 4%, and terms of 1 to 5 years. Longer terms and extensions may be available.
| LOAN TERMS | LOAN TERMS |
|---|---|
| Maturity | 1 to 5 years |
| Amortization | Simple Interest only |
| Interest Rate | 8.5% to 12.5% |
| Loan fees | 0.0% to 4% |
| Loan to Value | Up to 80% |