About Private Money Lending
Have a deal that you need special financing? Or you don’t want to submit a lot of paperwork and be subject to a 1000 questions? Let us connect you to one of our private money lenders. These loans come with lower requirements and allow for an even faster close. We can do second position loans as well.
Private Money Loan Details
Interest Rate:
Rates are flat fees of 15% for 1st position, 20% for 2nd position
Credit Score(FICO):
No Credit Score Requirement
How Interest is Charged:
Interest is normally paid in full at the end of the loan
Max Loan to ARV:
Depends on the deal. As long as the deal is profitable
Property Type:
Single Family and 2-4 Unit Multi-family
Experience Requirements:
No Prior Experience Required
Income Verification:
No Income Verification required
Loan Term:
Max 6 month term, no prepayment penalty