Private Money Loan Requirements
- Minimum 20% down for a purchase
- Minimum 20% equity in the property, if refinancing
- Borrower has to show ability to make the monthly loan payments, including the insurance, property taxes, and Homeowners Association dues (if any).
- Borrower needs to provide plan for the property, for example fix the property and sell it, hold it long term, or use it as a rental, etc.
- We finance only non-owner occupied properties
PROPERTIES WE FINANCE
- Single Family Homes
- Commercial Properties
- Industrial Properties
- Vacant Land
- Multi-Family Properties
- Office Buildings
- Retail Properties