PROVIDING SHORT-TERM FINANCING TO BORROWERS WHO ARE UNBLE TO OBTAIN REAL ESTATE LOANS FROM TRADITIONAL LENDING INSTITUTIONS.
Collateral Type: First Trust Deed (First Mortgage).
Will consider a 2nd Trust Deed on case by case basis.
Loan Amounts: $30,000 to $3,000,000.
Loan Application: Same-day approval in most cases.
Location: Clark County, Nevada.
Closing Time: Typically, 4-7 business days from receipt of application.
Loan Type: Purchase, Refinance, Bridge, Renovation, Fix & Flip, Land, Cash Out, and Rehab.
Loan To Value: Up to 80%.
Loan To Up to 80% including renovation costs.
Interest Rates: 10.0% – 12.5% interest only (on First Trust Deeds)
12.0% – 14.0% on vacant land.
Pre-Payment Penalty: No Pre-payment penalty.
Loan Term: 3-24 months.
Credit Check: No Credit Check.
Origination Fee: 2.0% of the loan amount (3.0% for loans under $100,000).
Closing Costs: Standard third-party costs such as title and escrow.
Appraisal: No appraisal.