igonzalez
221 Posts |
 Posted - 02/21/2008 : 07:57:05 AM
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Brokers and LO's originate deals anywhere in the USA no specific state licensing necessary. No need to co-broker and give up commisions. You do not even need to split with your firm necessarily.
Nationwide Asset Based Hard Money Portfolio Wholesale Lender
No application fee or upfront retainer fee
No loan retainer fee means faster pre-approvals in less than 48 hours
No processing fee or underwriting fee
Lender fee is only 3.5 points on most deals, paid at closing not upfront.
Loans are assumable on certain property types with lender approval
Up to 60 month Balloon loans with interest only payments
First 12 months interest payments built into the loan
Acquisitions, Refinance Cash Outs, Foreclosure Bail Outs, Rehabilitations
Finance up to 70% LTV on Tier 1 & Tier 2 Income Properties
Agricultural Land, Ranches, Mines, Oil fields & Adult Strip Clubs
Apartment Buildings, Offices, Retail, Warehouses, Hotels, RV parks
All Property Types Considered
Cross collateral of other property & assets allowed.
2nds behind our 1st allowed up to 90% CLTV (95% CLTV on a case by case)
Can close under a corporate entity
Foreign National Loans Available
No Loan Covenants requiring ongoing financials
No Source or Seasoning of down payment funds required
Properties outside of your state of residence, OK!
Qualify on either personal or property income
Credit Scores NEVER an issue.
6 Month Bridge Loans available
Most closing fees can be built into the loan, even on purchases.
Minimum Loan amount $500 thousand, Maximum loan $100 million.
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