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Tagged: builders, Equipment Financing, Hard Money Loans
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HARD MONEY BUILDER LOANS
Posted by Gustan on August 9, 2023 at 1:15 pmBuilder and Developers can get hard money loans. Land acquisition and construction loan. 25% down payment and up to 100% construction. No credit scores, no debt to income ratio, no income. No DSCR, NO RED TAPE. FAST CLOSINGS. For one to four units residential non-occupant projects.
Gustan replied 9 months, 1 week ago 2 Members · 6 Replies -
6 Replies
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We have hard money loans up to 70% LTV in most states. It is 75% in Utah, Nevada, and Idaho. Right now, the most popular hard money loan program is hard money loans for spec homes, fix and flip, and short term investment property loans. For example, spec home or fix and flip one to four unit builder loans is the hard money lender will financing up to 75% of the purchase price of the land and 100% of the construction as long as the after improved loan to value appraises at 75% LTV once finished. No credit score required, no debt-to–income ratio requirements, and no income docs required. As long as you have a recent history of having two properties on title and a history of being a spec builder or real estate developer, you can close fast and there is no stress.
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We have the capacity to handle billions of dollars as hard money lenders. What we need is to let the public know how our Hard Money Loan Programs are different from the competition
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Eric, have the trades on the condo development you are doing check out our equipment financing. 100% LTV, 700 FICO, no income docs or credit score. One day closing and funding.
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okay I will do that. Some guys are buying expensive cranes for example
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Tractors, cranes, and business equipment are all expensive. Food trucks, dental equipment, maintenance equipment, farm equipment, x-ray machines, bobcats, tractors, trailers, backhole, vans, office furnishings, and other business equipment financing.
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