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Stated Income Loans

$400,000 to $1,500,000

Private Funding (Hard Money)

What is Hard Money Loan?

Hard Money Loan is Loan that is based on collateral rather than the borrowers income or credit. It puts more emphasis on the lendable equity in your property rather than on your credit.

Simply because it is more of an equity based loan it does not mean that only people with credit problem apply and get hard money loans. Many borrowers of hard money loans have good credit. The only reason they go for a hard money loan is because it is FAST! And because it cuts through the red tape. And the borrower, especially the self-employed borrower, does not have to provide income verification. It is not uncommon to get funding in 5 days if the borrower can provide the necessary information on time. Hard money loans are also used for bridge or short term financing.

We offer:

• Competitive pricing, fair and flexible terms
• Up to 65% loan to value on commercial and residential, 50% on land. Regardless of the LTV we need 10% to 15% cash investment from the borrower.
• Loans up to $3M
• 20 years of real estate and lending experience
• Minimal paperwork
• Straight-forward approach to underwriting, quick turnarounds

Property Types:

• Commercial (office, retail, industrial)
• Residential (single family, multi-family)
• Vacant land

• Acquisition and Development
• Bridge financing
• Cash out
• Construction
• Refinance
• Note purchases

• Loan Amount: $50,000 - $3,000,000
• Term: 6 months to 18 months
• Interest Rate: 10.99% - 14.99%
• Points: 3 - 5
• Loan to Value: up to 65% on residential and commercial, 50% on land
• Amortization: Interest only
• Collateral: Real estate
• Use of Proceeds: Business purposes only
• Prepayment Penalty: None

Due to market volatility the rates change on hourly and daily basis. Please contact us for Today's Interest Rate.

Please contact or e-mail for details and review of your scenario.

A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float." Other forms of mortgage loan include interest only mortgage, graduated payment mortgage, adjustable rate mortgage, negative amortization mortgage, and balloon payment mortgage. Please note that each of the loan types above except for a straight adjustable rate mortgage can have a period of the loan for which a fixed rate may apply. A Balloon Payment mortgage, for example, can have a fixed rate for the term of the loan followed by the ending balloon payment. Terminology may differ from country to country: loans for which the rate is fixed for less than the life of the loan may be called hybrid adjustable rate mortgages (in the United States).

This payment amount is independent of the additional costs on a home sometimes handled in escrow, such as property taxes and property insurance. Consequently, payments made by the borrower may change over time with the changing escrow amount, but the payments handling the principal and interest on the loan will remain the same.

Fixed rate mortgages are characterized by their interest rate (including compounding frequency, amount of loan, and term of the mortgage). With these three values, the calculation of the monthly payment can then be done.