hard money loans
Hard money loans are loans secured by real property. These types of loans are primarily used in real estate transactions, in which the lender is often an individual or company.
How It Works
Hard money loans have terms primarily based on the value of the property being used as collateral, more than the creditworthiness of the borrower. The cost of a hard money loan is offset by the fact that the borrower has intentions to pay off the loan rather quickly.
Additional Information
Hard money loans are typically sought out by those interested in renovating or reselling property used as collateral for financing.
Preferred Line of Credit
Fix & Flip Rehab Loans + Ground Up Construction
Fix & Flip Rehab Loans + Ground Up Construction
With a preferred line of credit, you'll have confidence and strength in negotiating deals with no more asking yourself, "Can I finance this?"Prepare to grow and support all of your funding needs.
Benefits
- Fund up to 100% of your acquisitions
- Proof of funds for all offers
- Line of credit from $500,000 to $10 million
- Interest rates from just 6%
- Reduced due diligence fees
- Reduced origination points paid per closing; on average, 50% reduction in points
- Availability to cross-collateralize
- FAST underwriting
Property Type
Single Family & Multi-Family
Commercial is considered but is determined on a case by case basis
Deal Type
New construction | Fix2Flip and Fix2Rent | Cash Out Refinance
Exit Strategy
Sale or Refinance
Loan Term
6 months
Loan Extension
Up to 6 months
Interest Rates
As low as 8.49%
Apprasial Fee
$595 (pass-through cost)
Origination Fee
As low as 1%
DOC Fee
$895 (paid at settlement)
Draw Inspection Fee
$295 per draw
Junk Fees/Hidden Fees
$0
Fix & Flip Rehab Loans + Ground Up Construction
Fix & Flip Rehab Loans + Ground Up Construction
Fix & Flip Rehab Loans + Ground Up Construction
The easiest and most reliable source of rehab funding for all of your funding needs. WE focus on providing our borrowers the capital they need to fund their investments, in addition to the support, experience, and knowledge to help make these renovations and new construction projects profitable.
Property Type
Single Family & Multi-Family
Deal Type
New Construction; Fix & Flip; Buy & Hold; Cash Out Refinance
Exit Strategy
Sale or refinance
Loan Term
6 months
Loan Extension
Up to 6 months
Interest Rates
As low as 6%
Appraisal Fee
$895 (pass-through cost)
Origination Fee
As low as 2%
DOC Fee
$895 (paid at settlement)
Draw Management Fee
$0
Draw Inspection Fee
$425 per draw
Junk Fees/Hidden Fees
$0
2nd Position Loans
Fix & Flip Rehab Loans + Ground Up Construction
Multi-Family Bridge Funding
Need more funding for your real estate deal? Then our 2nd loan position is for you.
Property Type
No restrictions
FICO
Not a factor
Exit Strategy
Purchase or refinance
LTV/CLTV
Up to 55% LTV on commercial properties
Up to 60% LTV on residential properties
100% CLTV financing
Interest Rates
Start at 6%
Other
- Owner financed
- Minimum property value $400K
- Up to $15M on good clean properties
- $3M MAX on all other properties
- We require the property to be in a population of 35K or more
Multi-Family Bridge Funding
Senior Preferred Multi-Family Equity
Multi-Family Bridge Funding
Rates as low as 6%
Property Type
A, B, C Class Properties
Deal Type
Value Add Acquisition
Exit Strategy
Sale or Refinance
Loan Term
12 - 24 months
Loan Extension
Up to 6 months
Interest Rates
As low as 6%
3rd Party Reports
$5,000 - $15,000
Origination Fee
As low as 2%
Underwriting Fee
$10,000
Deal Size
$1,000,000 - $100,000,000
Legal Fee
$5,000 - $10,000
Junk Fees/Hidden Fees
$0
LTC+Cap X/LTV
70%- 75%
Time to Close
20 days
Debt Service Coverage
No requirement
Under 1.0 may require additional reserves
Senior Preferred Multi-Family Equity
Senior Preferred Multi-Family Equity
Senior Preferred Multi-Family Equity
Total Deal Size
$5,000,000 - $200,000,000
Equity Investment Amount
$1,000,000 - $20,000,000
Min. Number of Units
100
Priority Return on Cash
8% - 10%
Preferred Return
12% - 15%
Time to Close
20 days
Sponsor
10% - 20% Promotion
Control
No charge
Debt
0% - 75%
Lender Equity
15% - 25%
Sponsor Equity
5% - 15%
Express Loan Program
Senior Preferred Multi-Family Equity
Senior Preferred Multi-Family Equity
Rates as low as 6%
Need FAST approval on your loan?
We guarantee closing in just 5 days or less!
The process is accelerated by not requiring an appraisal before closing! We developed this innovative program to help our borrowers move even quicker on investment opportunities, and not risk losing out on a great deal.
We provide services in the following states
We provide services in the following states
We provide services in the following states
AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, NJ, NY, OH, OK, PA, RI, SC, TX, VA, WA, WI, WV, WY, UT; other states are case by case and subject to adjusted pricing and guidelines
we do not offer personal loans!
Copyright © 2020 Allied Financial Lending - All Rights Reserved.
18117 Biscayne Blvd Suite 2144 Aventura, FL 33160
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