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Updated about 8 years ago,

Account Closed
  • North Hollywood, CA
0
Votes |
2
Posts

Need Help closing Escrow?- Frank: Twin Capital Lending.

Account Closed
  • North Hollywood, CA
Posted

Please take a moment and review our private hard money terms.

We are property and equity driven direct private lender. Our most popular program is that we lend 65% ARV based on after repair value, NOT the purchase price. In that case if you are buying a good flip, it's possible for you to put as low as 10% - 30% down, with no prepay.

If you have a client who has a larger down payment and we are at 45% – 50% LTV, and you are dealing with a client who has a larger down payment. We can offer 7.5% interest rate.

Hard Money Terms:

* Loan-To-Value up to 65% ARV

* Points start from 1-3 Points(whole sale)

* Rates between 7.5% - 10%(based on down payment)

* Instant same day Approval / 100% Closing ratio on all submitted filed

* 0-6 Month Prepay(we offer no pre pay on flips)

* We also do loans for 2nds (65%CLTV),Refinances, Cash-Outs, Construction/Land.

* We specialize in Residential, Commercial and Construction.

* Loans from $200,000 to $20,000,000

* Brokers and referrals are Welcomed

* Investment properties only (non-owner)

* Foreign Nationals OK

* Can close within 3-5 business days.

(our construction program consist of land acquisition plus the cost of construction for example; property purchase price is $1,000,000 construction cost is $2,000,000, we will lend 75-80% of the total cost being $3,000,000. With approved plans and permits.)

Terms depend on property type, condition and loan amount.

Sincerely,

Frank Hurtado

Broker Growth Specialist

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