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LOANN OPTIONS AND TERMS OF APPROVAL
Our terms are simple and straight forward.
PERSONAL LOAN:
5% annual interest rate.
Approval in less than 72 hours.
Cloose in 3-7 working days).
There is no credit score required.
Loan from 20,000.00-500,0000.00.
No recent bankruptcies.
There are no repayment penalties.
STORAGE FACILITIES/HOME PACK LOANS:
5% interest rate annually (principal and interest payments).
2 points loan origination/
Up to 90% LTV (10% down Required).
Loan to Value - Up to 85% LTV.
Loan amount from 100,000.00-5000,0000.00.
600 minimum credit score required.
Up to 30 years fixed repayment period.
First/second lien options.
Appraisal & Inspections must be ordered by thhe borrower
BUISINESS LOAN/LINE OF CREDIT:
6% interest rate annually (interest only payments).
48 hours pre-approval after application.
1-10 years repayment period.
2 points to establish and maintain L.O.C.
Loan amount from 50,000.00-200,0000.00.
Closing within 5-14 woorking days.
Fico score of 600 or higher with 2 months bank statement for swift approvall.
RENTAL/MULTI-FAMILY LOANS:
5.5% interest rate annually (principal and interest payments).
Up to 90% LTC on purchase price.
Less than 72 hours pre-approval after application.
Closing within 7-21 days from date of application.
Maximum repayment period of 30 years (Amortization) .
Loan ranges from 100,000.00-150,0000.00.
First/second lien options only.
600 minimum credit score.
Appraisal and insspectionns must be ordered by the applicant(s)
CONSTRUCTION/NEW CONSTRUCTION LOANS:
6% interest rate annually (interest only payments).
1-3 years repayment period (with extention provision).
Up to 85% LTC on the estimated cost of a completed project.
There are no repayment penalties.
Loan ranges from $100,000.00-$200,0000.00.
First/second lien options only.
650 minimum credit score.
15% down-payment required for presentation at closing.
No recent bankruptcies/forecloosures.
Appraisal for completed past projects are required at closing for appplications above $5,000,000.00
FIX AND FLIP LOANS:
6.5% interest rate annually (interest only payments).
6-36 Months repayment period.
Up to 90% LTC on purchase price wiith 100% rehab funding .
There are no repayment penalties.
Loan ranges from $50,000.00-$100,0000.00.
First/second lien options only.
600 minimum credit score.
10% down-payment required on purchase price.
No recent bankruptcies/forecloosures.
Appraisal and innspections must be ordered by the appliicant (s).
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