Hard Money Loan Guidelines
About Our Company
Our loan to value ratios typically cap out between 60-65% of the value of a property, although we do have some programs that will go as high as 80-90% on short term purchases. Rates on our hard money loans can vary, but typically range from between 9% and 12.5%. Most of our loans are interest only loans, but we can also offer amortized loans so that you are paying both principal and interest should you desire. While the main criteria for our loans is based on the value of the property rather than credit, we do require a credit report in our file. With good credit we can potentially be a little more aggressive on the loan to value and/or the terms we are able to offer. With poor credit, we may be a little more conservative. Typically speaking, however, a credit score is not going to impact what we can do much – if at all.
