| CONFIDENTIAL QUESTIONNAIRE |
| Borrower's Information Borrower's name(s): House phone: Cell phone: Work phone and ext. Best time to contact is: Best phone number to contact you: email address: Please verify email address: Loan Amount : Purpose of Loan : About the Property City: State: As-is Market Value: As-is Quick Sale Value: (30-90 day sale) After Repaired Property value: Existing Debt: Plan for Repayment: The utilities are: What condition is the house in? List repairs, if any: Estimated cost of repairs: Description of Collateral: How Did You Hear About Us? Comments: |
Should you have any problem submitting this form please
call the office at (260) 436-5000 x 221
Or you may fax the above information to (260) 459-7778
call the office at (260) 436-5000 x 221
Or you may fax the above information to (260) 459-7778
| How To Be First With Quick Cash for Your Real Estate Flips or Fix Up Funds to Skyrocket Your Earnings! Discover How Thousands Have Taken Control Of Their Future Even If Your Credit is Lousy and No Bank Will Touch You |
hard mon•ey n. a conservative loan made against hard assets.
What is a Hard Money Loan?
A hard money loan is a short-term bridge loan that is used for acquisitions, turnaround
situations, foreclosures and bankruptcies buyouts. Interest rates, although high, are less
costly than taking on a financial partners or losing the real estate opportunity altogether
while waiting on conventional financing.
And with tightening regulations traditional lenders will not lend money on property in need
of repairs costing more than 5% of the purchase price, or any on properties containing
mold or other hazardous/toxic substances.
Usually made by private investors and not by banks, the hard money lenders main
concern is that his entire principal will be returned if there is a problem with the property.
So he lends much less, as a percentage, than a bank would.
He also knows there are more risks because the property is usually (but not always) in
various stages of disrepair, your basic fixer upper house. He or she is compensated with
a slightly higher interest rate and more upfront fees know as “points” A point is one
percent of the loan balance to be borrowed.
For the real estate investor this is a virtual goldmine. If you are able to secure a contract
on a handyman special that is undervalued you may be able to get a loan for 100% of
the purchase price and the fix-up costs!
The hard money lender is going to base his estimate of value on the price the home will
sell for AFTER it is repaired (ARV). Some lenders will even lend you some or all of the fix
up money.
People always ask: Why is the interest rate so high? The interest rate may appear high
as compared to the interest rates you might pay on say an owner occupied mortgage
loan. In reality that is short sighted thinking. You have to look at the situation as “access
to capital”.
With no money in your pocket, sometimes no credit or income verification, you are able
to borrow tens of thousands of dollars, maybe even hundreds of thousands, simple
because you have secured a contract on an undervalued handyman special.
What better way can an enterprising person ask for to be able to get ahead in life? With
enough work and determination, and just your willingness to learn a few simple rules and
techniques you can be on your way to being a full time real estate investor and someone
else will provide the money for that to happen!
What is a Hard Money Loan?
A hard money loan is a short-term bridge loan that is used for acquisitions, turnaround
situations, foreclosures and bankruptcies buyouts. Interest rates, although high, are less
costly than taking on a financial partners or losing the real estate opportunity altogether
while waiting on conventional financing.
And with tightening regulations traditional lenders will not lend money on property in need
of repairs costing more than 5% of the purchase price, or any on properties containing
mold or other hazardous/toxic substances.
Usually made by private investors and not by banks, the hard money lenders main
concern is that his entire principal will be returned if there is a problem with the property.
So he lends much less, as a percentage, than a bank would.
He also knows there are more risks because the property is usually (but not always) in
various stages of disrepair, your basic fixer upper house. He or she is compensated with
a slightly higher interest rate and more upfront fees know as “points” A point is one
percent of the loan balance to be borrowed.
For the real estate investor this is a virtual goldmine. If you are able to secure a contract
on a handyman special that is undervalued you may be able to get a loan for 100% of
the purchase price and the fix-up costs!
The hard money lender is going to base his estimate of value on the price the home will
sell for AFTER it is repaired (ARV). Some lenders will even lend you some or all of the fix
up money.
People always ask: Why is the interest rate so high? The interest rate may appear high
as compared to the interest rates you might pay on say an owner occupied mortgage
loan. In reality that is short sighted thinking. You have to look at the situation as “access
to capital”.
With no money in your pocket, sometimes no credit or income verification, you are able
to borrow tens of thousands of dollars, maybe even hundreds of thousands, simple
because you have secured a contract on an undervalued handyman special.
What better way can an enterprising person ask for to be able to get ahead in life? With
enough work and determination, and just your willingness to learn a few simple rules and
techniques you can be on your way to being a full time real estate investor and someone
else will provide the money for that to happen!
| *For a Limited Time, if register for a hard money loan now you will also receive two FREE Special Reports & 3 free months access to the Northern Indiana Real Estate Association for Investors as an extra bonus! |
Over the last eleven years, we have been involved in hundreds of rehabs and construction
projects. We are not a broker, we use our own funds. So there are no committees or lengthy
approval processes. You will be dealing with the decision maker regarding your application
and your needs throughout your transactions.
Our goal is to provide you with cash for your real estate investing needs in a quick and timely
manner. We want to help you grow your business and to be part of your success. Once you
are on board as an approved investor, you will be able to make “QUICK CLOSE CASH
OFFERS” in confidence.
Here are just some benefits of our "Investor Friendly" terms:
● Quick CASH funding – beat out your competition
● Up to 100% funding of purchase, rehab expenses and closing costs (70-75% of ARV)
● Local service – we know and understand our markets
● Deal with the decision maker
● Relationship driven
● 11 years experience in rehabbing – we know the business
● Proof of funds letter
● Funding for 1-4 unit properties, townhomes and condominiums
● Maximum length of the loan is 12 months.
● No pre-payment penalties
● Deferred payment plans available
● Interest only payments (no principal) until the property is sold or refinanced.
● Simultaneous Closings
● No PMI
● No Tradelines needed
● Reduced Documentation
● Cross collateral
Please feel free to call with any questions that you may have. We look forward to receiving
your application and being part of your success in real estate.
projects. We are not a broker, we use our own funds. So there are no committees or lengthy
approval processes. You will be dealing with the decision maker regarding your application
and your needs throughout your transactions.
Our goal is to provide you with cash for your real estate investing needs in a quick and timely
manner. We want to help you grow your business and to be part of your success. Once you
are on board as an approved investor, you will be able to make “QUICK CLOSE CASH
OFFERS” in confidence.
Here are just some benefits of our "Investor Friendly" terms:
● Quick CASH funding – beat out your competition
● Up to 100% funding of purchase, rehab expenses and closing costs (70-75% of ARV)
● Local service – we know and understand our markets
● Deal with the decision maker
● Relationship driven
● 11 years experience in rehabbing – we know the business
● Proof of funds letter
● Funding for 1-4 unit properties, townhomes and condominiums
● Maximum length of the loan is 12 months.
● No pre-payment penalties
● Deferred payment plans available
● Interest only payments (no principal) until the property is sold or refinanced.
● Simultaneous Closings
● No PMI
● No Tradelines needed
● Reduced Documentation
● Cross collateral
Please feel free to call with any questions that you may have. We look forward to receiving
your application and being part of your success in real estate.
| Call for more information on how to get started, (260) 436-5000 x 221. All information is confidential and your under no obligation. Or fill out the form at the bottom. |
| Call for more information on how to get started, (260) 436-5000 x 221 |
| DONT LET BANKERS CONTROL YOUR FINANCIAL FUTURE OR YOUR PLAN FOR RETIREMENT. Call me to get started, (260) 436-5000 x221 or email me here |
1st Special Report: "7 Secrets to using Hard Money to Your Advantage"
2nd Special Report: "5 Mistakes almost every Investor makes when Borrowing Hard Money"
2nd Special Report: "5 Mistakes almost every Investor makes when Borrowing Hard Money"
Get Fast Cash With Great Terms