All Forum Posts by: Doran Summers

Hard Money Investor Loans From 12 Months To 30+ Year Terms

Many real estate investors focus only on the short-term options available from Private Hard Money Lenders.

The majority of our loans are actually 10+ years in duration, many reaching 30+ year terms. Private Hard Money Loans (HMLs) are a great choice if you’re looking for alternative long-term financing.

Some of the most common scenarios in which our investors successfully use hard money include:

• Real Estate Fix & Flips Loans: Most well known type of HML, usually in a 9 - 18 months term.
• Bridge Gap Funding: For very short-term financing needs, 12 months or less.
• Rental Acquisitions: These can be competitive with bank loans, ranging in terms from 3 - 30+ years!
• Investments Property Refinancing: Our fastest growing type of Hard Money Loan is for refinancing existing loans. Refi loan products can also range from 10 - 30+ years.
• Rehab & Renovation Loans: If you need to borrow against equity for upgrades & repairs, we have short-term rehab-only refi loans from 6 - 18 months.
• Blanket Portfolio Loans: Hard Money Loans are the best option to consolidate multiple properties under a single blanket loan with terms up to 30 years.

We want to fund your next deal, and have the wide variety of Hard Money Loan programs to make that easy, accessible, and fast.

Whether you need short-term Fix & Flip or Gap Loans, or long-term Rental Property or Portfolio Loans, my lenders has a financing option to meet your needs.

We also have specialized Hard Money Loan Programs to help cater to the needs of your unique scenarios, including Foreign National Hard Money Loans, ARV-based LTV Loans, and Low Doc / No Doc Loans.

If you’re wondering anything about short-term financing, long-term Hard Money Loans, or real estate investor financing in general, feel free to contact me here or check us out at www.MuevoInvestments.com

@Jimmie Powell send me a message. See if I can help.

Our Rental Program loan product provides our customers a reliable source of financing through a simple and efficient online loan process. Our 30-year fixed-rate rental loan product was designed to help savvy investors capitalize on the rapidly growing rental market. With attractive rates and up to 80% loan-to-value (LTV) on fixed-rate loans, these loans are a great way to get cash out from your existing rental properties. The Rental Program loans begin at $60K and up to $2 million with no personal income verification.

Get Cash From Your Existing Rental Portfolio

The Rental Program asset-based loans can provide the cash you need to grow your rental portfolio. Benefits include:

• Get cash from rental properties – loans from $60 K to $2 million.
• Lower your blended rate – consolidate higher-rate loans into single mortgage
• No personal income verification – lending decision based on property cash flow*
• No hurdles – flexible loan options designed for your buy and hold strategy

Advantages of Rental Program Loans:

• Cash out refinances
• No personal income verification – no W-2 required
• Minimum seasoning requirements*
• 620 min. FICO
• No hurdles- a very user-friendly and streamlined process
• Foreign Nationals Permitted
• No DSCR Restrictions* (Debt Service Coverage Ratio)
• Prepayment penalty**

Click here

@Matt Lopez there are National hard money lenders you can use. It depends on the state but you could also find local lenders who money may be cheaper.

@Giancarlo Sarmiento what are your requirements looking for a hard money lender

@Rafael Perez depending on experience some lenders go up to 90% of construction cost.

@Geoffrey Vallee you could just do a cashout refi which like you said may be higher rate. Or find a bank who would do a HELOC for an investment property.

@Matthew Tarantino depends on how much you get from the cashout. Let’s say you get 70% cash out refi loan. Would leave you with around $25,000 to $30,000 in cash. Would that be enough to make a down payment for a Multifamily?

@Destiny Holmes so the funds are coming from a silent partner? Or is it a line of credit you have?

@Daniel Ordonez

You would need to live in the property for atleast 12 months.

Some borrowers may need or want a second property, and hope to purchase that property with an FHA mortgage. What is FHA's stance on using an FHA mortgage to purchase a second home?

FHA loan rules specifically address situations where the borrower wants to apply for a new FHA home loan when he or she already has an FHA mortgage. Such purchases are not possible unless the borrower's circumstances meet the requirements found in HUD 4000.1.

"FHA will not insure more than one Property as a Principal Residence for any Borrower, except as noted below. FHA will not insure a Mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining Investment Properties, even if the Property to be insured will be the only one owned using FHA mortgage insurance."

https://www.fha.com/fha_article?id=820

There are some hard money lenders offering long term but higher rates and usually need 20 to 25% down depending on credit.