The purpose of the program is to fund investment property purchases for immediate renovation flip and resale. 

Upfront Points and Interest Rate of return (choose Option 1 or 2)

OPTION 1: 10% yearly interest for smaller loans – not tied to the property, secured by promissory note $25,000 – $100,000.

OPTION 2: 1 point and 12% yearly interest 2/3 point per month – tied to the property, secured by real estate $100,000 – $250,000. 

Time Frame

Minimum of 3 months maximum of 12 months 

Loan to Value 

All homes are bought at 75% LTV (loan to value) or less to include purchase price and repairs.

Closing 

All loans are backed by a note and mortgage prepared by the closing attorney and are in FIRST POSITION as a lien on the property. 

Protections for the Private Money Lender:

• Backed by the title insurance in the event of any title defect 
• Backed by hazard insurance in case of acts of God
• A loan is never more than 75% of the value of the home
• Loans are short term
• Interest payments and loan repayments are not dependent on any level of profit = safe investment
• All loans are made at Real Estate Attorney’s Office
• Note and Mortgage publically recorded with County

PRIVATE MONEY LENDERS ARE AT THE HEART OF OUR BUSINESS AND WE PROTECT THEIR INTERESTS