Hard Money 2

All Properties Types: Loan Purpose, Loan Types, Guidelines

J.E.P. is associated with a Hard Money Lender that have years of experience. They deal in BLANKET, CONSTRUCTION, LAND DEVELOPMENT, RAW LAND and REHAB financing.

The lenders primarily lend in Idaho, Oregon, and Washington.


LOAN TO VALUE:

Our lender is primarily an LTV driven lender. Maximum LTV is typically 65%. With cash down purchases the LTV may be increased to 70%. Additional collateral can be used to offset LTV requirements.

PROPERTY TYPES:

*All Property types


BORROWER TYPES

*Individual
*Trust
*LLC
*Corporation
*Estate
*Partnership


PROPERTY CONDITIONS:

*Any condition


LOAN PURPOSE

*Non-Owner Occupied Purchase
*Non-Owner Occupied Refinance
*Owner Occupied Purchase in Idaho and Oregon only
*NO Owner Occupied Purchase in Washington
*NO Owner Occupied or Personal Use Refinances


LOAN TYPES

*Raw Land
*Land Development
*Construction &; owner contractor ok, as well as finish up construction for projects mid-way through needing additional funds to complete
*Rehab &; loans to rehab existing structures allowing the completed value
*Mobile/Land Setup - must be on real property


GUIDELINES

*Credit &; No requirements
*Income &; No requirements &; Borrowers must have a realistic plan for repayment
*Prepayment Penalty &; None
*Term - Typically 2 - 3 years interest only
*Pricing - Rate - 10.5% to 14.9%, typically 12.9% / Fee - typically 4 points
*Short Term Special Pricing &; Reduced rate and fee available for loan expected to payoff in 60 days or less.

This structure must be set up initially and there is a rate increase as well as a fee increase if the loan is not paid off within the allotted time.

J.E.P. is associated with a Hard Money Lender that have years of experience. They deal in RESIDENTIAL,COMMERCIAL, INDUSTRIAL & WAREHOUSE, LAND, RURAL, AGRICULTURE/FARM financing.

The lenders primarily lend Nationwide.

*Residential: Owner and non-owner occupancy
*Commercial, Industrial & Warehouse
*Land
*Rural
*Agriculture/Farm
*Loan amounts up to $500,000+
*LTV's to 65%
*LTV's on land to 50%
*2-10 year terms
*Payment reserves as negotiated
*Stated and Full Doc options
*Business and personal use

THESE PROGRAMS ARE PRIMARILY NATIONWIDE.

Specializing in: Blanket, Construction, Development financing

J.E.P.  is associated with Private Hard Money Investors that have over 35 years experience. They deal in BLANKET, CONSTRUCTION, AND DEVELOPMENT financing in MA.

The investors primarily lend on the National Level.


*Loans from $100,000 to $4,000,000
*Interest Only
*Close in 7 - 10 business days
*Land Loans
*Land Acquisition and Development
*Single Family Construction
*Multifamily Construction
*Subdivisions
*Townhouse developments
*Condo Conversions
*Cash Out (we do not lend on primary residences)
*Some commercial properties considered
*DIP Financing
*Bridge Financing
*Blanket Loans


COLLATERAL BASED LENDING:

LOANS NOT CREDIT DRIVEN No prepayment penalty on Construction loans

The investors will finance up to 50% purchase price of land and 100% of construction. Seller second mortgage may fulfill borrower's 50% obligation.

Given current market conditions, borrowers are required to come up with the majority of the land purchase.


CONDO CONVERSION/REHAB

The investors will finance up to 70% of the purchase price and 100% of the construction/rehab


NOTE: Given current market conditions, The investors are not making loans on multifamily properties unless the deal is very attractive


Please email or call if you are interested in this program.

Specializing in Blanket Loans

J.E.P. is set-up with an affiliate program that specialize in blanket loans for commercial and residential.

This program serve most of the United States.

Blanket Loan Program Requirements

1. Minimum Loan Amount : 100K
2. Credit Score: 640
3. LTV 80% Rate & Term, APR 6.75%, Up to 30 years
4. LTV 70% Cash Out
5. LTV 75% Purchase
6. No Title Ins.
7. All partners must be listed on LLC
8. Appraisals will be ordered by the lender on each property: Cost ($350.00-$400.00)
9. Broker Price Opinion (BP0)
10.Items: Full Docs: 3yrs taxes, 4 months bank statements

Special Note: Please email your scenario. By emailing you will get a quick response due to the volume of calls we receive.

Please forward the following documents along with your email:

A. Complete 1003 Form
B. Appraisal
C. Credit Report



Please email or call us if we can assist you with this program.