|
FOR RESIDENTIAL AND COMMERCIAL LOAN SEEKERS
THAT DO NOT CONFORM TO STANDARD BANK LENDING
PROGRAMS
WE ARE A TRUE
HARD MONEY SOURCE AND ARE STILL DOING LOANS!!!
We know how you feel. You need a
loan and need it now, but you keep being turned
down because of a lack of documentation.
With Hard Money lending, you
don't have to provide documentation, because it
is pure collateral based.
You may have tried to secure a
commercial loan through a bank or other
financial institution, but have only come across
roadblocks. We are the solution to your
problems. We have the money and we're here to
lend it to you through our exclusive group of
investors who are not scared to lend, even in
these uncertain economic times.
The difference between us and
other so-called Commercial Lenders, is the fact
we don't force you to fill out lengthy
applications, demand paperwork or submit useless
documents that nobody will read.
Your loan request is based on the
assets you currently have.
|
Immediate Hard Money Loans From 50K
to $100 Million
Up to 65% LTV
13-16% Interest, 5-10 Points in
Fees
Any Credit O.K.
FULL DOC, LIGHT DOC & NO DOC
Loans
Answers within 24-48 hours
FAST CLOSINGS - within 5 days!
Borrower
Assistance Programs
In-House Financing Available
Referring Brokers Protected
|
Fees Paid From
Loan Proceeds
No Pre-Payment
No Application Fee
No Appraisal Required
Flexible Payment Options
Real Estate & Asset Based Loans
Bridge Loans
Residential Rehab
|
At Southeast
Private Lending, we specialize in providing a variety
of hard money residential loans, commercial
loans and construction loans. We lend to
individual and corporate borrowers on all
residential and commercial properties. We
specialize in short term real estate secured
loans, often called bridge loans and/or hard
money loans.
What is a Hard
Money Loan?
The term "Hard
Money Loan" is a type of non-bankable loan.
Usually this means a loan where the hard money
lender can approve the loan request based upon
the value of the assets and the equity in the
assets, without the need for much of the usual
time consuming documentation and verification
that a more traditional lender might require to
lend the same amount of money.
Our hard money
loans can fund quickly and are based upon the
value of the real estate or collateral anchoring
the loan without regard to the borrower's income
employment, assets, credit scores or tax
returns. Our hard money loan programs will tend
to over look many items that are critical to a
traditional lender. These overlooked details
will include: foreclosures, bankruptcies,
judgments and credit issues.
Terms:
This information is meant to have you call
us. Rates and LTVs are only examples. We
may have ideas on how to fund your loan that
you have not thought of.
Higher loan amounts available on all
products with cross collateralizations
and/or seller carry backs.
Residential Loan Programs
–
We offer first and second position notes and
HELOCs to 60-65%
LTV, with any fico score.
Higher loan amounts available with cross
collateralizations and or seller carry
backs.
Commercial Loan Programs
–
We offer first and second position notes to
65% LTV with any fico score. Bankable
properties to 75% LTV.
Higher loan amounts available with cross
collateralizations and or seller carry
backs.
Land and Manufactured homes
–
We offer first and
second position notes and
HELOCs to 40%
LTV (on a case by case basis) with any fico
score.
Higher loan
amounts available with cross
collateralizations and or seller carry
backs.
Purchase –
60-65% of purchase price. Not ARV with any
fico score.
Higher
loan amounts available with cross
collateralizations and or seller carry
backs.
Rates – In
Private money rates are market driven. In
general our rates for first position
loans range between 10%-11.99% for Owner
Occupied properties and 10%-13% for
Non-Owner Occupied properties. Our
Second position and
HELOCs start at 16%.
SPL provides first
and second short,
intermediate, and
long-term mortgage
real estate
financing for a
variety of real
estate
circumstances. Our
expertise and
financing includes
almost every type of
income-producing
real estate
property, including:
Guidelines:
-
60%-65% LTV for
most Properties
with structures.
-
40%-45% LTV for
most Land loans
(improved only).
-
No Credit
Scoring.
-
No Appraisal
Needed to start.
-
Currently in
Bankruptcy -
O.K.
-
Currently in NOD
- O.K.
-
No up front fee
for Site Reviews
(Residential)!
-
PAR pricing -
(this includes
broker and
processing
fees).
-
FAST turn
times!!
COMMERCIAL HARD MONEY LOANS
Hard
Money Loan program to $100 Million. High LTVs.
True equity based lending. No income check
available. Foreclosures ok.
****Commercial Hard Money
***Residential
Hard Money
- $50,000
to $100,000,000
-
Nationwide - & Georgia Hard Money
Lender Program.
- Bad
credit OK - Any Fico Score - Georgia Hard
Money Loans Based On Value of Property not
Credit or Other Criteria
- All
situations considered including bankruptcy,
foreclosure
-
24 New York Hour Approvals /
Emergency Closings in all areas of Georgia
-
Program designed for Quick Close and Credit
Rebuilding
-
Based on property value option
-
Rate: 10%-15% (Low Points)
-
LTVs up to 70%
- All
property types considered in Georgia or
Nationwide, both residential and commercial.
-
Loan on actual property/project value, not
contracted purchase price.
- Close
Hard Money Loan, locally or in Georgia.
HARD MONEY REHAB LOANS
Southeast Private Lending
offers Rehab Funding for professional RE
rehabbers. With Rehab Funding, we offer the best
real estate investor financing available. If you
are a professional real estate investor whose
model is to buy and rehab residential properties
then look no further. Here are the highlights of
this program: “Rehabber Friendly” Terms
- $50k -
$100 Million In Immediate Private Money
- Turn
around time on the loan: Within (2) weeks
- Maximum
length of the loan: (12) months
- No
pre-payment penalties
- Deferred
payment plans available
- Interest
only payments (no principal) until the
property is sold or refinanced
- There is
no penalty for early loan pre-payment
- Repair
funds go into an escrow account: The
escrowed repair funds are paid in draws as
work is completed
|
