REAL ESTATE & HARD MONEY

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HARD MONEY LENDING LIST BELOW : 

LOAN LIMITS: 

· PURCHASE MAX LTV % 

· RATE AND TERM REFI MAX LTV % 

· CASH-OUT REFI MAX LTV% CASH - OUT 2ND MAX CLTV% 

· BRIDGE LOAN MAX LTV % 

· REHAB / RENOVATION / REMODEL MAX CLTV %

· STANDALONE SECOND MAX CLTV % 

· MAX LOAN TERM IN MONTHS 

LOAN TYPES: 

· BLANKETS LOANS

· BUSINESS PURPOSE RESIDENTIAL

· JOINT VENTURE PARTNER

· MEZZANINE LOANS

· NO SEASONING REFINANCE

· NON-RECOURSE

 PROPERTY TYPES:

· AGRICULTURAL

· CANNABIS-RELATED

· CHURCH AND RELIGIOUS LOAN TYPES

· ENTERTAINMENT / RECREATIONAL

· GAS STATION

· HOSPITALITY

· INDUSTRIAL

· LAND / LOT

· MEDICAL / HEALTH CARE

· MIXED-USE

· MOBILE / MANUFACTURED HOME PARK

· N/O/O 1-4 UNITS 

· OFFICE

· RESIDENTIAL RENTAL PORTFOLIO

· RESIDENTIAL SUBDIVISION

· RETAIL

· SPECIAL PURPOSE 

Non-Owner-Occupied Mortgage loan

A non-owner-occupied mortgage is a type of mortgage designed for residential properties with one to four units. The twist is that the borrower is not planning to live in the property.

Essentially, if you’re not planning to use the property as your primary residence, you’ll need to seek out a non-owner-occupied mortgage. But if you want to finance a large apartment building with more than four units, then this type of mortgage will not work for you.

Using Non-Owner-Occupied Loans For Renovations

A non-owner-occupied renovation loan is a little bit different from a tradition non-owner-occupied loan. Instead of simply using the funds to purchase a property, you can use the funds from a non-owner-occupied renovation loan to purchase the property and cover renovation costs.

If you are a real estate investor, this may sound like a great opportunity. And here are the recommendations we can give as a Lender and Business Consultant .
a few considerations to keep in mind:

• Renovations must be a permanent part of the property.• Renovations must increase the home’s property and market value.• These loans are limited per borrower and need to be assessed by our team directly.• Depending on the property our team will need to assess and review to provide you the best deal possible. Discuss the details with our Team at PROMISE LAND CAPITAL to get the cash you need.