Bridge (Hard Money) & Rental Property Lender!

[George Despotopoulos]

Hello,

MoFin Lending is a tech-enabled direct lender. We offer both short and long term products for fix and flips, rehab projects, and rentals. 

Bridge Loans:

• Up to 90% of acquisition, 100% of rehab, capped at 70% of ARV
• Interest only monthly payments, with no pre-payment penalty
• Qualify, and receive terms, based on experience
• Rates range from 8.50% - 12.5% (depends on experience and LTC/LTV requested)
• Minimum loan amount is $75,000 ($50,000 on initial funding and $25,000 in rehab)
• 12 month loan terms 
• 600 minimum FICO score (scores between 525 - 599 will be considered on a case by case basis)
• Fully transparent; our process, requirements, and costs are provided to you in writing before you decide to move forward with us! 
• Close in 1-3 weeks

Rental Loans:

• 75% LTV on cash-out refinances, rate/term refinances, and purchase money loans
• 30 year term options: 7/1 ARM, 30 year term/amortization or 30 year fixed
• Rates range from 6.5% - 9.0% (depends on loan product requested, LTV, and FICO score)
• 660 minimum FICO score (scores between 600-649 will be considered on case by case basis)
• $75,000 minimum loan amount
• No proof of personal income required. We underwrite to the property's income
• Fully transparent; our process, requirements, and costs are provided to you in writing before you decide to move forward with us! 
• Close in 2-3 weeks
• Low closing costs/fees

You can pre-qualify on our website: MoFin, by giving us a call at (866) 900-6634, or through e-mailing us at info@mofinloans or [email protected]. Pre-qualifying does not require any sensitive information and it does not affect your credit! 

Feel free to reach out if you have any questions. 

Thank you