These loans are assumable and start at $1,000,000 with no upper limit and can be utilized for purchase cash out and refinance, with a 10 year fixed term.
This solution is highly competitive with a 90% loan to cost starting at $13,000,000 and can be utilized to complete or improve interior renovations.
This is hard money without the extremely high interest rates associated with most other programs in the business. Rates start at 6.5% with a maximum loan to value of 65%
No new cash is required for DPO transactions; the maximum loan to value is 60% with loan amounts starting at $1,500,000
These commercial financing solutions are available in the following states
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming