Types Of Properties And Deals We Do
NEW CONSTRUCTION
- Unlimited cash-out Re-fi's
- Joint Venture Partnerships
- "High End" Residential Properties (over $750,000)
- No employment verification
- 24 hour loan review process
- Fast closings (usually within 10-14 days)
COMMERCIAL, MULTI-UNIT
The purchase or refinance of commercial property.
- Up to 60% LTV of ARV (After Repaire Value)
- 12-60 month balloon notes (depending on scope of work)
CONDO CONVERSIONS
The purchase or refinance of condominiums
- Up to 60% LTV of ARV (After Repaire Value)
- 12-60 month balloon notes (depending on scope of work)
RESIDENTIAL
The purchase or refinance of residential non-owner occupied property.
- Up to 60% LTV of ARV (After Repaire Value)
- 12-60 month balloon notes (depending on scope of work)
VACANT LAND/LAND DEVELOPMENT
We will lend you the money for the acquisition of land and completion of small-to-large scale residential construction projects.
- 12-month balloon note
- Single family home or large scale residential development
- Construction money escrowed and released in accordance with renovation schedule and completion of work
- We finance actual construction costs only (no "soft" costs)
TAX LOANS FOR
We will lend you the money to acquire or refinance rental properties
- Payoff tax liens to avoid foreclosure
- In addition to providing financing, we can also help manage project (call for details)
Loan Terms
Approvals are based on property
Note: None of our loans has pre-payment penalties and we do not require Income docs, tax returns, or bank statements. All credit types are considered (approvals are based on property). Click here to apply for a loan.
- 12 month balloon note (longer terms case-by-case)
- Repair-money escrowed and released in draws
- Non-owner occupied only
Other Loan Features
Approvals are based on property
- All our loans are equity based
- No pre-payment penalties
- Experience is not required for approval
- 25K minimum loan amount
- No minimum credit score requirement (all credit types considered)
- Repair money is held in escrow and reimbursed to borrower (in draws) as work is complete
Areas We Lend In
Approvals are based on property
Our primary lending territory is the Baltimore Metropolitan area, We will fund real estate projects In:
- Washington DC
- Baltimore, Maryland
- Northern Virginia
- Other areas will be considered on a case-by-case basis:
Hard money loans
APPLY NOW FOR A HARD MONEY LOAN
Loan Submission Checklist
To submit a loan for review, please fill out our loan application form. Once you submit the application, we require a very simple checklist (see below) of items to be sent to us. We approve loans within 24 hours (the next business day).
For Residential Loans, we need
[ ]- Copy of ratified sales contract (or proof of ownership if re-fi)
- Itemized list of repairs to be made to property
- Interior and exterior photos of property
For New Construction Loans, we need
[ ]- Copy of sales contract (or) proof of land ownership
- Itemized construction budget
- Copy of approved plan (and renderings If available)
For Commercial Multi-Unit, and Income Producing Properties, we need
[ ]- If buying: copy of ratified sales contract, if refinancing: proof of ownership
- Itemized list of repairs to be made to property
- Interior and exterior photos of property
- Building financials and/or rent rolls
For vacant land, we need
[ ]- If buying: copy of ratified sales contract /If refinancing: proof of ownership
- Survey
- Proof of water and sewer (or perc approval)
- We will lend you the money to acquire or refinance buildable lots and land.
- Up to 50% of appraised value
- 12-month or 24-month balloon note