How fast can you close? usually close in 3 days or less
What is your maximum loan to value (LTV)? 70% of the after repaired value
What are your loan points? Interest rates? points are 2 to 5%, interest rate 12 to14%
Do you require monthly payments? yes, interest
Do you charge prepayment penalties? No.
Do you lend money for construction costs? No.
Are there upfront fees?
Application fees? Inspection fees? Document fees? No, No, No, No
What types of properties will you lend on? single family houses
What insurance is needed? hazard insurance, title, and lender's
Do you provide proof of funds letters? Yes, provided you
have been pre-approved.
Can anyone live in the house during the course of the loan? No.
Hard Money Lender