- Fast approvals and closings
- Lower rates for experienced investors
- Low documentation requirements
- Credit matters, but we’re not credit intense (We do look. 600 min, 620 better, 640 preferred)
If you’re in the Dayton, Cincinnati, or Columbus area, there is not a loan minimum.
If you are outside our local footprint, the minimum loan is $75,000.
You will have a down payment. Most often it’s 25% of the purchase price with a minimum of down payment of $12,500.
For experienced borrowers the down payment could be reduced to 10% of the project cost (purchase + rehab).
We can usually fund 100% of the Rehab.
We don’t have a long list of fees and charges. For a $100,000 loan, it’s 4 points + $130, + title company fees. If the loan is under $100,000, it’ll be more than 4 points, but no more than $4,000. You can look it up on the Private Money flyer below. If an appraisal is required, you’ll pay for the appraisal.
Varies with experience and Loan-To-Value. It ranges from 7.99% to 12%. You can look it up on the flyers available below.
Twelve months with monthly interest only payments. Generally, it’s pretty easy to extend if you’ve been a good borrower.
Hard money loan requirements for most property types are similar. We focus on 1-4 family residential and apartments, but we’ve also done condos, townhomes, industrial buildings and more. Terms will vary.
Note: Interest Rate and program terms are subject to change. Final terms vary according to the specifics of the loan transaction. Please call for details.
Private Money is currently available in Dayton, Columbus, Cincinnati, and nearby areas.
The lower rate hard money below are available in 39 states. Requirements are changing frequently, the flyer is a rough guide only.