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Hard Money |
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Hard money Hard money is where the borrower
receives funds based on the value of a piece of real estate or
parcel. The loan-to-value for Hard Money is typically 50%-65%.
Do I need a Hard Money Loan?
Hard money is a real estate loan you obtain from a private lender that
is secured by the property and not by you. Interest rates for Hard
Money loans are from 10-14%, Interest-Only, non-recourse and with no pre-payment
penalty. Up to 5 year terms available for all Hard Money loans.
Why would I need a Hard Money Loan?
These loans are based on the property you are buying and not on your
credit. Typically, up to 65% of the
purchase price, and on commercial development 65% of the
after-completion value or 80% loan-to-cost.
Case Study: Office Builiding-AZ-2006
Borrower wanted to purchase a building in which there were two other
buyers interested in the same building. We helped them secure a hard money loan
from one of our top private lenders that funded within 3 days. A rate of 10.5% with a 3 year term was
provided.
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"WAREHOUSE LINE "
Mortgage Warehouse Line
"NEW MARKET REPORTS"
PRIMEAU FINANCES:
Golf Courses
Shopping Centers
Self-Storage Units
Apartment Buildings
Construction
Office Buildings
Gas Stations
Refinance
Restaurants
Funeral Homes
Hotels/Motels
Mobile Home Parks
Retail Stores
Car Washes
Automotive Services
Mixed-Use Buildings
Marinas
Auto Dealerships
Retail
Shopping Malls
Raw Land
Bed & Breakfast
Assisted Living
Condotels
Parking Structures
Condominiums
Light Industrial & Warehouses
Other Income Producing Properties
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