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SOLD AUCTION PRIVATE LOAN
Investor loans
Residential and commercial investment
Residential and commercial investment
We look for profitable real estate transactions for our clients, in different modalities.
Residential and commercial investment
Residential and commercial investment
Residential and commercial investment
We offer asset-based lending to investors seeking fast and secure financing.
Loan evaluation by asset standards
Residential and commercial investment
Loan evaluation by asset standards
You can make offers on real estate, even if you do not meet the strict requirements of the banks.
SOLD AUCTION PRIVATE LOAN HARD MONEY LENDING CRITERIA
The initial step in any prosperous fix and flip venture revolves around locating the ideal real estate property. With this objective in mind, we've devised a straightforward, 5-point guide to assist you in pinpointing the optimal deal, one that maximizes your potential for profitability while safeguarding your investment.
We're exclusively focused on financing projects that offer the greatest potential for success. Hence, our criteria are built upon these five essential points:
WHY THESE CRITERIA?
Properties exceeding the FHA cap statistically exhibit a higher likelihood of undergoing significant fluctuations in value and are more prone to both local and broader market depreciation. Conversely, properties falling within the 5-point realm generally demonstrate greater resilience against these influences.
Why 1-4 Units?
This is important. When you invest within these parameters, you can attract a larger segment of the market, including FHA buyers. This increases your ability to appeal to more people in more demographics.
Why price your home at or below FHA requirements?
FHA loans bring home ownership into reach for first-time home buyers who might have a hard time getting approved with conventional lenders. This increases your ability to sell your property faster and broadens your ability to attract more potential buyers.
Why a smaller home with no more than 5 bedrooms and 3 baths?
Millennials and Boomers are the two segments expected to dominate the market in the next five years. Both of these segments are looking at smaller homes: Millennials because they’re just starting out; Boomers because they’re downsizing. Candace Taylor of The Wall Street Journal wrote, “These days, buyers of all ages eschew the large, ornate houses… in favor of smaller, more modern-looking alternatives.”
Why less than 1/2 acre?
Both Boomers and Millennials are looking for less upkeep: Boomers because they’re getting older and Millennials because they’re just starting out. More acreage also means more expense.
*Higher credit scores (680+), and down payment (20% or more) trumps 3,4 and 5.
LOAN PROGRAMS
BRIDGE LOAN
LONG-TERM RENTAL LOAN
FIX AND FLIP LOAN
A bridge loan Is a short-term financing option designed to “bridge the gap” between the purchase of a new property and the sale of an existing property. These bridge loans are commonly used by real estate investors who need quick access to capital to secure a new property or fund renovations while awaiting the sale of another property.
We understands that speed is often critical in real estate transactions, so we strive to offer fast approval and funding processes for bridge loans. This allows borrowers to move quickly to secure properties or take advantage of time-sensitive opportunities.
Our bridge loans provide a convenient and accessible financing option for real estate investors.
MAX ALLOWED (with excess first loss):
Max 90% (LTV “As Is”)
90% (LTC)
75% (LTV “As Repaired”) With Approval
Max. 12 Month Loans
Minimum FICO 620
Up to 90% LTV on “as is” and up to 75% ARV
Minimum Loan Amount $50,000 – Max. $2 M.
FIX AND FLIP LOAN
LONG-TERM RENTAL LOAN
FIX AND FLIP LOAN
Our fix and flip financing options are perfect for seasoned investors and beginners.
Our fix and flip loans are specifically designed to provide financing for real estate investors who are purchasing properties with the intention of renovating and then selling them for a profit. These loans offer short-term financing with flexible terms, allowing investors to quickly acquire and renovate properties without lengthy approval processes associated with traditional mortgages.
In addition to financing the purchase of the property, our fix and flip loans cover 100% of the renovation costs, enabling investors to complete their projects without relying on additional funding sources.
he first part of every successful fix and flip is finding the right real estate property. That’s why we’ve created this easy, 5-point guide* to help you find the “sweet spot” deal, which can give you the best chance at making money in real estate, while safeguarding your investment.
*Sold Auction Private Loan hard money lending criteria
LONG-TERM RENTAL LOAN
LONG-TERM RENTAL LOAN
LONG-TERM RENTAL LOAN
These loans are designed for investors who intend to hold rental properties for an extended period. Long-term rental loans typically have lower interest rates and longer repayment terms compared to short-term loans.Our rental property loans offer features such as fast approval and funding, customizable loan terms, and personalized service tailored to the needs of real estate investors.
GUIDELINES
- Advantages: Approval based on the Property Cashflow and not your tax returns.
- Interest rate: Starts As Low As 7.5%
- Origination points: Low As 2.99%
- Loan Amount: Up To 2 Million (up to 75% LTV)
- Min. FICO Score: 660Cross-Collateral allowed on 2 or more properties. Portfolio loans available on a case-by-case basis.
CONSTRUCTIONS LOAN
CONSTRUCTIONS LOAN
LONG-TERM RENTAL LOAN
These loans are specifically tailored to finance the construction or renovation of investment properties, providing investors with the necessary capital to complete their projects.
Our construction loan rates start at 11.29%. Our land and construction loans are typically used to finance both the purchase of the land and the construction of a new property. Reach out to one of our loan analysts to get the most up-to-date information on our loan programs, rates, and requirements. They will guide you through the application process and support you every step of the way.
LOAN CRITERIA
- Collateral: Non-Owner Occupied Single Family Properties, Condos, & Townhomes
- Rates: Starting at 11.29%
- Term: 12 Months to 24 Months
- Loan Amount: $100K* – $3M (*Based on Loan Amount)
- Minimum Property Value: $150K** (** As-Completed Value)
- Credit Score: 650 Minimum
- Max. Allowed Loan Amount: As is – up to 75%
- ARV: up to 85%
- Leverage Based on Experience: Documented experience in the past three years
COMMERCIAL LOAN
CONSTRUCTIONS LOAN
COMMERCIAL LOAN
These loans are distinct from residential mortgages and are tailored to the unique needs and requirements of commercial real estate investments.
Commercial real estate loans fmay be used to finance various types of commercial properties, including office buildings, retail spaces, industrial properties, multifamily buildings, and more.
Commercial loan rates can vary depending on factors such as the property’s value and condition, the loan-to-value ratio, and market conditions. We offers commercial loans ranging from small to large amounts, depending on the specific needs of the borrower and the scope of the project.
Working closely with our lending professionals will help borrowers navigate the application process and secure financing that aligns with their investment objectives.
GUIDELINES
KEY FEATURES:
- Loan amounts up to 7.5MM
- Up to 85% LTV
- Nationwide financing
- First-time investors in commercial are welcome
- Min FICO 660
- Great for qualifying self-employed investors and small business owners
PROPERTY TYPES:
- Apartment Complexes
- Multi-family
- Mixed use (Residential in nature)
- and more
Contact us - Free line 844-681-1315
Opening hours
Abre hoy | 09:00 a. m. – 05:00 p. m. |
