All Forum Posts by: Copelon Kirklin

The LTC on a typical hard money loan may range anywhere from 65-75%. I know because I arrange financing for these as well. But there's not a large group of hard money lenders waving a 90% LTC flag. Well here's one of the few. It's not nationwide but does cover some pretty good markets. Take a look at the highlights below, Rehabbers...

• No Doc - Stated Income
• 12.99% Interest Rate
• 5.9 Pts.
• 2-Yr Term
• 90% LTC
• Up to 75% ARV
• No Prepay
• $60,000 Min. Loan Amount
• 550 FICO Min.
• Title MUST Be Held in Company or Trust
• 7-10 Days
• SFR 1-4 Units, NOO
• Available in: FL, GA, IN, NC, TN, TX, & VA (KY, SC & WV coming soon)

Highlights below...

• No Doc - Stated Income
• 12.99% Interest Rate
• 5.9 Pts.
• 2-Yr Term
• 90% LTC
• Up to 75% ARV
• No Prepay
• $60,000 Min. Loan Amount
• 550 FICO Min.
• Title MUST Be Held in Company or Trust
• 7-10 Days
• SFR 1-4 Units, NOO
• Available in: FL, GA, IN, NC, TN, TX, & VA (KY, SC & WV coming soon)

I have various other loan products as well. Please have a look at the website for more info...

http://www.thekpcgrp.info

My company arranges private money financing @Brian Karlow. Are you needing rehab funds also or just acquisition funds? If it's the latter, I have a great product that's not conventional but not the costs of hard money either. Let me know if you're interested.

Purchase & Rehab

• Up to 65% ARV
• 20% in the deal from the borrower (will lend 80% of purchase/repairs)
• Rates 12/13%
• Points determined by location
• 13 month term
• No pre payment penalty
• 630 required
• 7 day closings
• Loan amounts from 25k and up
• Available in AL, CO, CT, DC, FL, GA, IL, IN, KS, KY, LA, MD, MA, MI, MO, NE, NJ, NC, OH, OK, PA, SC, TN, TX, VA, WA, WV AND WI

New Construction

• Same terms as above
• Land can be used for down payment if owned free and clear
• If using free and clear land, purchase price has to be 20% of loan amount
• If free and clear land purchase price is less than 20%, need cash to cover difference

Would this be too much of a stretch @Andrew Martel...

• 90% financing of purchase and repairs.
• 2 year loan term with no pre-payment penalty, giving you
  the flexibility to quickly finish your investment project.
• Loans as low as $60,000.
• Loans start at 3.9 points. Repeat clients with good credit
  history can achieve points as low as 2. (Does not include Broker Origination Fee)

• 12.99% APR
• 7 day closings
• Damaged credit OK, no income verification
• Includes funding for rehab costs
• Complimentary investment project consulting

When advertising the loan products I have access to, on a daily basis I get the question...

"Can you email me rates and terms please?"

It's not the Borrowers' fault for the most part. But they do need to be further educated in how that is a very broad question for Lenders and Brokers. First, there needs to be an understanding of the difference between the two. Here's an excerpt from Mortgage Brokers vs. Banks and Mortgage Lenders | The Truth About Mortgage.com

So as you can see, as a private money broker, there are many Lenders we have access to and even more loan products combined between all of them. So instead of the ambiguous question, it's best to request a phone call and let the broker analyze your deal(s) to determine what's the best loan product for you.

 Below are some highlights:

- Stated Income

- Nationwide Lending

- 3 yr & 8 yr Fixed Terms w/30 yr Fully Amortized

- Purchase Money ONLY (no rehab)

- Up to 70% LTV ( 75% LTV for Mixed Use and 5+ units )

- Non Owner Residential ( 1 to 4 units )

- Commercial -- Retail, Office, Warehouse, Self-Storage, Automotive Service

- Foreign Nationals okay with U.S. Credit, Visa or Green Card and SS Card

- Loan amounts $100,000 to $5,000,000

- Rates starting as low as 6.5% (NO Lender points charged)

- No max on properties owned

- LLC's and Trusts are okay

- 650 FICO score

Contact me with any questions if interested.

Below are some highlights:

- Stated Income

- Nationwide Lending

- 3 yr & 8 yr Fixed Terms w/30 yr Fully Amortized

- Purchase Money ONLY (no rehab)

- Up to 70% LTV ( 75% LTV for Mixed Use and 5+ units )

- Non Owner Residential ( 1 to 4 units )

- Commercial -- Retail, Office, Warehouse, Self-Storage, Automotive Service

- Foreign Nationals okay with U.S. Credit, Visa or Green Card and SS Card

- Loan amounts $100,000 to $5,000,000

- Rates starting as low as 6.5% (NO Lender points charged)

- No max on properties owned

- LLC's and Trusts are okay

- 650 FICO score

Contact me with any questions if interested.

@William Powers One of the credit line options that may be able to help you requires liquidity of at least 20% of the line requested. Would that be doable?

@Alex Hamilton

 Would like to speak to you about this. Will you have some time today?