hard money loans florida

Hard Money – Asset Based Loan Program

 8% – 11% Rate

 1.75 to 4 Points (Depending on the Risk of the Asset)

 1-3 Year Term Interest Only w/ Balloon at the end of the Term

 Non Owner Occupied/Business Use/Investment/Commercial Properties

 Up to 65% LTV off Purchase Price or Appraisal (if Refi)

 3-6 Month Prepayment (no prepayment option available)

 Quick 7 day closing once title and appraisal complete

 No Detailed Docs or Tax Returns for income verification

Minimum of $50,000 Loan Amount in Greater South Florida

Central & North Florida – Minimum Loan Amount of $100,000

Must be Commercial in nature & Excluded from Federal Guidelines*

Rehab – Fix & Flip Program – Investment Properties

Up to 80% of purchase price

Up to 100% of renovation budget

Up to 70% of ARV

Rates from 8.5% to 12%

12 month term (with option to extend another 6 – 12 months)

Min loan amount $75,000

No max loan amount (Typical deal size $100,000 – $2,500,000)

3 – 4 Points (Can be financed by the lender)

Can finance closing costs

Asset Type: Single property, portfolios, SFR, condos, townhomes, 2-12 unit multifamily

Owned or to be Purchased in an Entity

Features: Zero junk fees – Application Fee is only $299

Qualifying Criteria – FICO >550, No Previous experience required (lower LTV if no experience), No foreclosures, short-sales or bankruptcies in the past 4 years, No involuntary liens or judgments, No felonies or financial fraud

Self Employed – Bank Statement

Non-Conventional Program

No Tax Returns/Transcripts Required

Bank Statement Deposits Used To Qualify Gross Monthly Income

Need 12 – 24 Months Bank Statements (Personal Or Business)

Loans Up To $2 million (Min Loan Amount $150,000)

Location: Florida Only

Credit Scores Down To 660 (Certain exceptions down to 620)

Rates Starting at 5.5%

Personal To 90% LTV (No MI), Business To 80% LTV

DTI Above 35/43 Considered With 660+ Credit Score

Owner-Occupied, 2nd Homes, Investment Properties

2 Years Seasoning Foreclosure, Short Sale, BK, DIL

Non-Warrantable Condos Considered

5/1 ARM Or 30-Year Fixed (No Interest Only)

No Pre-Payment Penalty For Owner-Occupied And 2nd Homes

Property Types: Condos, 2-4 Units, SFR

Rental – Investor Cash Flow Program

No Personal Income Used To Qualify

Qualification Based On Property Cash Flow

2 Years Seasoning Foreclosure, Short Sale, BK, DIL

Credit Scores Down To 660

Location: Florida Only

Rates Starting In The Low 6’s

Up To 75% LTV (Up To 80% NOO On Other Programs)

No DTI Restrictions

5/1 ARM Or 30-Year Fixed (Interest Only Option Available)

Must Have Housing History And Own A Primary Home

SFRs, Town Homes, Condos, 2-4 Units

No Limit On Number Of Properties Financed

Loans Up To $1 Million (Minimum $75,000)

Unfavorable Credit or Housing History

Non Prime Program

1 Day Out Of Foreclosure, Short Sale, BK, DIL

Rates Starting In The 5’s

Loans Up To $1 Million (Over $1M Case By Case)

Credit Scores Down To 500 (Including Jumbo Loans)

Location: Florida Only

Up To 85% LTV With No MI

Mortgage Lates Are OK

100% Gift Funds Allowed

DTI Up To 50% Considered

Owner-Occupied, 2nd Homes, Investment Properties

5/1 ARM Or 30-Year Fixed

No Pre-Payment For Owner-Occupied And 2nd Homes

No Active Tradelines OK With Housing History

SFRs, Townhomes, Condos, 2-4 Units

Seller Concessions To 6% (2% For Investment)

Non-Warrantable Condos Considered

Up To 100% Investor Concentration Allowed

Good Credit – Portfolio Program

Rates Starting In The 4’s

Up To 90% LTV With No MI

2 Years Seasoning Foreclosure, Short Sale, BK, DIL

Loans Up To $2 million (Minimum Loan $75,000)

Credit Scores Down To 620

Cash Out For Reserves OK

Gift Funds Allowed

DTI Up To 50% Considered

Owner-Occupied, 2nd Homes, Investment Properties

Interest Only Program Available

5/1 ARM Or 30-Year Fixed

No Pre-Payment Penalty For Owner-Occ And 2nd Homes

SFRs, Townhomes, Condos, 2-4 Units

Seller Concessions To 6% (2% For Investment)

Non-Warrantable Condos Considered

Up To 100% Investor Concentration Allowed

Location: Florida Only

Foreign National Program

Up To 75% LTV (Purchase Or Refinance)

No US Credit Required

12 Months Reserves Required

Reserves Can Remain In Foreign Account

DTI Up To 50% Considered

Fewer Country Restrictions

No SSN Or ITIN Required

SFRs, Townhomes, Condos, 2-4 Units

Non-Warrantable Condos Considered

ARM Or 30-Year Fixed

Loans Up To $750,000 (Higher Amounts Case By Case)

Minimum Loan Amount Down To $75,000

Location: Florida Only

Conventional – FHA, VA – Coming soon…

Conventional Loan Products

Coming Soon in June 2017

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap. For immediate help please call 954-320-0242 or email david@capitalfundingfinancial.com

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