Financing

If your buyer does not have all cash available, we can assist with short term financing for the balance of the purchase. This is called Hard Money Financing and is based on the value of the property, NOT A CREDIT SCORE!

The terms are very simple:

- 25 -30% down (depends on property condition)

- Loan set up fees start at $900 (The longer the term, the higher the fee)

- Interest Rates with private money are high, so don’t expect bank rates. ¬†It is important to keep in mind that these are wholesale deals, so focus on the payment, not the rate. ¬†Standard rates are 18%.

- 6 months to 2 years, with options to extend if needed.

- Proof of property insurance is required at the time of closing.