Residential Bridge Loan – Hard Money Loan:
• Residential & Commercial bridge loan option
• Fast funding, from 7 to 14 days
• Loan amounts for up to 80% of purchase price, or up to 65% loan to after repair value.
• 100% funding on renovations
Interest rates from 12-14% *
• 1.5-4 points as a loan origination fee *
• $500.00-1,000.00 one time loan servicing fee
• Loan terms from 1-6 months interest only, paid at term.
• No Prepayment penalty.
• No credit check required for approval.
-Dependent on experience.
-Experienced investor is 50+ deals, and FICO credit score 690 - 850
-Intermediate Investor is 5-50 deals, and FICO credit score 690 - 850
-Beginner is less than 5 deals, and or FICO credit score 650 - 700
Thank you for choosing Family Tree Private Money as your funding option, and good luck on your offers!
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