- Palm Beach Hard Money Consultants
- Hard money rates starting @: 10% Interest ONLY and 2 Origination Points
Example, if you borrow $50,000, you would pay $1,000 in original points at closing, with a monthly payment of $500. Loans are 12 month terms – one year. Hard money loans are available for investors who buy property to fix up and flip. They are short-term, quick-close loans perfect for the real estate investor (Non Owner Occupant). You must either sell, refinance or payoff the property within this timeframe.
- Loans are based on 65% ARV (After Rehabbed Value), which means if you purchase a property with an after-repair value of $200,000, you may borrow up to $130,000. Loans cannot exceed 85% – 90% of the purchase price, regardless of the ARV.
- Loans are for investors only – borrowers will sign an affidavit at closing stating that they do not live in the property and do not intend to occupy the property. Title must be taken in a corporation or land trust.
- Email The Deal to Info@PalmBeachHMC.com or Call: (561) 572 – 5938
- Your Name
- Your Phone Number
- Your Email Address
- Your Home Address
- Property Address
- Current Value of Home (Your Estimate)
- After Rehabbed Value (Your Estimate)
- Your Exit Plan
- Email The Deal to Info@PalmBeachHMC.com or Call: (561) 572 – 5938
