INTEREST ONLY LOANS
Term: 12-24 months (borrower’s option)
Points/Commissions: 5% advanced by lender to broker(s), 3% is retained by the lender and both are deducted from closing proceeds.
Funding/Closing: 5 days or less
Legal Fee & Trust Service Fees: 1.25% legal fees, $1,500 trust service fees, 1% Title Insurance (advanced by lender to Attorney, and deducted from closing proceeds)
Minimum: US$100,000.00 (one hundred thousand dollars)
Maximum: US$2,500,000.00 (two million five hundred thousand dollars)
Loan Interest Rates:
- Principal & Interest = 13%, or
- Interest only = 17%,
- Principal & Interest = 15%,
- Interest only = 19%,
- Principal & Interest = 17%,
- Interest only = 21%
- We are a private lender.
- We do not check income.
- We do not check credit.
- We do not require “applications”.
- No “out of pocket” costs to borrower
Simply & Fast Closing Procedure:
The procedure to move forward is very simple. You only need to answer the simple and short questions below: