The address and physical structure
Your financial commitment (how much cash the borrower is putting in the game)
Current “as-is” value (current equity value)
We accept all levels of income and credit, but we analyze to prevent clients from borrowing too much. Rarely is credit/income a reason for us to deny a loan request.
Interest Rates 7-15%
Points 1-5
Term 6 Months to 2 years
Other Fees: May Apply
Good faith deposits maybe required only after a loan commitment
Appraisal services: VA-MD-DC single residential units are $300-$1,000. Similar Florida appraisals range from $500-$800. Commercial property appraisals are determined individually.
Legal Fee: $800- $1,800 (larger or multi-unit loans will be quoted separately).