Sacramento commercial loans hard money

Hard Money Commercial Bridge Lending Criteria & Rates


2 Week Closings - Apply for a Hard Money Loan








* Loan Size


From $1,000,000 - most loans fund between $1 and $10 million





* Location


Urban and suburban US properties





* Collateral


Improved commercial and investment residential real estate (no raw land or construction/development projects)


WA & CA - residential owner occupied OK. Other states: OK only if held in a corporate entity and proceeds are used for business purposes





* Rates


From 9.99% - Most loans fund at prime + 4-5% plus a couple of points + broker points, if applicable








* Terms


1-3 years, interest only, no prepayment penalty





* Max LTV


65% LTV*


Purchase: Value is actual purchase price of the real estate* If borrower has down 30+% in cash, we'll "stretch" the LTV max


Refinance: Value is Avatar's opinion of the appraised value of real estate for refinances. We have our own review appraiser and principle travel to visit each property.





* Creative/Flexible


Blanket loans; points and fees wrapped into the loan; multiple income sources considered.





* Due Diligence


A deposit of about $5 - $6k is required before due diligence process is begun and is credited against the third party costs of underwriting: fair market value evaluation fee, inspections, site visit, legal costs, escrow, etc.





* Down Payment


The fee is due upon signing of the Letter of Intent and Term Sheet and cannot be wrapped into closing costs.








Sacramento commercial loans

contact Fred


Call 1-888-892-3496