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Hard Money Loans Florida and Nationwide

LENDING PARAMETERS

CLOSING TIME	60 Days for Traditional, 5-7 days for hard money
LOAN SIZE	$500,000 to $50,000,000
LTV	Up to 80% LTV, Bridge Options up to 80% LTC
LIEN POSITION	First Trust Deeds Only
LOAN TERM	3 to 24 months
INTEREST RATES	Starting at 6%
AMORTIZATION	Interest-only payments
ORIGINATION FEES	1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term
LENDING AREAS	Nationwide

Flexible solutions

Properties and Loan Types

Mobile Home Parks
First Trust Deed or First Mortgage
Rehab/Significant Renovation
Retail
Industrial
Condo Inventory
Vacation Homes and Rentals
RV Campgrounds
>Assisted Living Facilities
Bridge Loan
Value-add Acquisitions

Is LoanLocker The Right Lender For You?

WHO DOES LOANLOCKER LEND TO?

Investors looking to purchase rental properties

This group buys a property with the intention of renting it out, letting it appreciate over time, and/or selling it after prices increase. Typically these types of borrowers use our Fund as a short-term solution, or bridge, until they can refinance with a traditional bank at lower rates.

Investors Who Buy, Repair, and Immediately Resell Their Property

Builders

Builders obtain hard money loans because it’s quicker and easier than borrowing from traditional banks. The amount of money borrowed is more expensive; however, the lending process is faster, which sometime

Borrowers Who Cannot Refinance With a Traditional Bank

In the current lending environment, borrowers often cannot qualify for a traditional refinance on their real estate investment, even though in many cases there is significant equity in the property. The following reasons may be factors: *Credit score is below 720 *Insufficient or inconsistent income to qualify for a traditional loan *Debt-to-income levels are too high.

Business Owners Looking to Pull Cash Out of Existing Properties

Sometimes people have significant equity in properties they own; they may even own a property with no debt at all. Owners can pull cash out of their properties quickly with a loan from the LoanLocker Income Fund, the proceeds of which can be used for business purposes.