Loan Offer

1% Origination, $1,000 Doc Fee, 1% Interest For 30 Day Bridge Loan Residential Investment Properties (Non Owner Occupied)

Created by Todd Hoffman on April 21st, 2016

Up to 70% LTV
- 1% Interest per 30 days
- No Prepayment Penalty
- 1% Origination Fee
- $1,000 Documentation Fee
- Length of Bridge Loan 30 days +Up to five 30 day extensions (extension fees apply for extensions)
- Up to 70% of lower of est. current value or purchase price for single family detached or 1-4 unit attached residential
- 4-11 days to originate after all documentation is supplied
- Requires entity, that holds title, and 2 qualified humans as borrowers

Single Family and 2-4 Unit Residential: NO UPFRONT LENDER FEES; NO APPRAISAL; NO APPLICATION FEES; No fees to us, unless we originate the loan.

In fact, the only 3rd party costs we commonly require the borrowers to incur before we make loan commitment decision are:
– Sewer Scope Report from a qualified and reputable company (Required if the property has a certain profile or is in area with known issues)
– Mitigation or abatement assessments from a qualified and reputable company (Only required if there is a perceived potential complicated issue [e.g. structural issue, asbestos, roof issue etc.])

Specific program Info: https://goodfundslending.com/hard-money-loan-programs/bridge-loans/

Online loan inquiry with no cost.

As a trustworthy and reliable Colorado hard money, Good Funds Lending, LLC is proud to provide hard money bridge loans and fix & flip loans in the Denver Metro Area.

Good Funds Lending, LLC provides short term hard money loans for properties that are for investment purposes only, and not for personal, family or household use.

The information and terms contained herein are general guidelines and not binding offers, nor does the information contained herein represent a complete set of terms and conditions.

More info at:https://goodfundslending.com

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Presented by

Todd Hoffman

Create At: April 21st, 2016

Updated At: June 16th, 2017

Amount: $100,000 - $1,500,000

Interest Rate: 12% - 12%

Duration: 1 Months

Loan to Value: 70%

Category: Real Estate