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Updated about 10 years ago on . Most recent reply

User Stats

15
Posts
12
Votes
Tracy Stein
  • Winter Park, FL
12
Votes |
15
Posts

Private/Hard Money Loans for Investment Properties Only

Tracy Stein
  • Winter Park, FL
Posted

We have several private/hard money lenders that are offering the following terms:

1.  Fix & Flip, Cash-Out Refinance, Ground Up, Build/Hold

2.  Loans from upto $1.5 Million

2. LTV: 50-70%

3. Rates: 8-12.99%+

4. Points: 2.5-5

5. Some Lenders may require property to be held in LLC or Florida Land Trust

6. No Prepayment Penalty to 1yr Prepayment Penalty

7. Term: 1-5 yrs

8. Many States

Offering

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