HOW TO QUALIFY FOR A PRIVATE INVESTOR LOAN
When you apply for a real estate loan with a Private Investor commercial money lender, the loan process is often more streamlined and efficient. Private Investor money loans require less paperwork and third-party reports. This is a welcome change for those who do not have time to go through a lengthy loan process or don’t have the credit or financials to qualify for a traditional loan. Private Investor Money Lenders are often utilized by those borrowers who do not qualify for a mortgage under traditional lender requirements.
Can I Qualify For A Private Investor Loan?
Some Private Investor money lenders do have similar loan processes to traditional lenders; albeit with less stringent borrower requirements. However, there are also Private Investor money lenders who are asset-based that are primarily concerned with the value of the collateral property over a borrower’s credit history and financials.
Private Investors require a borrower to only provide a minimal amount of information to apply for a commercial real estate loan.
COMMERCIAL 9.50% – 11.99%
VACANT LAND/LOT LOANS
$125,000. AND UP
UP TO 80% LTV
PURCHASE, CASH-OUT REFINANCE
SELLER HELD BACK NOTE – OK
NO INCOME DOCUMENTS Required.
FOREIGN NATIONALS – OK
NO ADVANCE FEE CHARGED
UNDERWRITING APPROVAL BASED ON THE PROPERTY CONDITION, LOCATION, EQUITY