PRIVATE MORTGAGE FINANCING
HARD MONEY LOANS
Private Mortgage Financing Partners, LLC provide short term private mortgage financing (hard money loans) secured by investment and commercial real estate. We provide these loans to be used for the acquisition, refinance, rehabilitation and equity cash out of investment and commercial properties.
As private mortgage lenders:
|We lend up to 60% of appraised value with no seasoning requirements & no minimum investment|
|No credit check or detailed application forms required|
|We usually render a decision in 24 hours|
|Our Loans are interest only, paid monthly and due in one year, or can be amortized over 25 years with a 5 year balloon|
|We make 1st lien loans, with interest rates of 9% - 16%, with 2-4 points at closing|
|No application fee or other costs are due up front|
Our loans are asset based; the real property itself is the basis of our lending decision. If a property is producing or can produce sufficient income to pay our note and the value of the property will fully secure the note and provide sufficient equity, then the borrower's credit is not an issue. Instead of concentrating on minute details of the borrower's credit history as institutional lenders do, we concentrate our due diligence efforts on the real estate securing the loan.
As private mortgage lenders, we provide the professional real estate investor and property owner with the ability to borrow on underwriting criteria not available through institutional lenders. No credit check or detailed application forms are required and we can usually render a decision in 24 hours.