Private money loans
Funding for your real estate deals!
Private money loans
Funding for your real estate deals!
FIX & FLIP FUNDING
Non-Owner Occupied Single Family Residential
Real Estate Loans (1-4 Units)
Investment Property Purpose
Acquisition, Cash-Out, Refinance, Rehab
Private Money Terms
90% Purchase; 100% Rehab Not To Exceed 65% Loan To Value; Cash-Out Refi 50%
Rates: 8%-15%
Term: 6-24 Month
RENTAL PROPERTY FUNDING
Non-Owner Occupied Single Family Residential
Real Estate Loans (1-4 Units)
Private Money Terms
Property Debt To Income Ratio Max 90%;
As-Is Loan To Value 80%;
Loan To Purchase Price 85%
Rates: 6.25%-9.5%
Long-Term Hold Investment Property
LENDING CRITERIA
Why 1-4 Units?
This is important for private money lenders. When you invest in real estate within these parameters, you can attract a larger segment of the market, including FHA buyers. This increases your ability to appeal to more people in more demographics.
Why price your home at or below FHA requirements?
FHA loans bring home ownership into reach for first-time home buyers who might have a hard time getting approved with conventional lenders on real estate. This increases your ability to sell your investment property faster and broadens your ability to attract more potential buyers.
Why a smaller home with no more than 5 bedrooms and 3 baths?
Millennials and Boomers are the two segments expected to dominate the real estate market in the next five years. Both of these segments are looking at smaller homes: Millennials because they’re just starting out; Boomers because they’re downsizing. Candace Taylor of The Wall Street Journal wrote, “These days, buyers of all ages eschew the large, ornate houses… in favor of smaller, more modern-looking alternatives.”
Why less than 1/2 acre?
Both Boomers and Millennials are looking for less upkeep: Boomers because they’re getting older and Millennials because they’re just starting out. More real estate acreage also means more expense.
*These investment property criteria are not set in stone, but just a general basis for your real estate deals. Depending on the area and what is typical or average for your region will be considered for private money.