Bridge Loans - Private Lender in Detroit, Michigan For Sale

PRIVATE LENDER - BRIDGE LOANS
www.CloseMyLoan.org
Property Type: 1-4 residential units (incl condos, townhomes & PUDs)
Loan-to-Value: Up to 90% of purchase price
With Rehab: Up to 75% of After Repair Value (ARV)
Transaction Type: Purchase or refinance
Rehab Holdback: Up to 100% of purchase price (other factors depend on scope of construction)
Interest Rates: As low as 7% (varies based on LTV & experience)
Closing Process: 10 business days from completed app. Quicker for repeat borrowers
Origination Points: Not to exceed 4%
Loan Term: 6 or 12 months
Junk Fees: None, legitimate 3rd party fees charged at cost with no mark-ups
Rate Type: Fixed Rate, Interest Only
Loan Amount: Up to $1,000,000 ($50,000 minimum)
Prepayment Penalty: None
?Note: Interest Rate and program terms are subject to change. Final terms vary according to the unique attributes of each loan transaction.
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