Sacramento Private Money Lending (916) 521-5350

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Program Overview:

Designed for borrowers who actively and historically manage and invest in real estate and are using the loan for Business Purposes. Loans are qualified based on the equity or cash flow of the subject property only and are considered Business Purpose loans.

Qualification:

  • Borrower must be an experienced property investor
  • Total borrower income not disclosed, DTI not calculated
  • Desktop or Full appraisal required (provided by related company or underwriter)

Property Type:

  • SFR, Condo, Townhome, 2-4 Units, PUD.
  • Rural properties and Non-warrantable condos case by case.

Loan Terms:

  • 6 mo, 9 mo, and 12mo

Amortization:

  • Interest Only – Balloon Loan

Loan Amounts:

  • $100K to $1 Million (>$1 Million case by case)
  • Loans > $750K Max 70% LTV

Application Form

Credit:

  • Credit check required for all 1st time clients
  • No housing event (foreclosure, deed in lieu, short sale) on Investment Properties in the last 12 months
  • No Bankruptcy in the last 12 months

Occupancy:

  • Non-Owner Occupied only

Purpose:

  • Purchase, Rate/Term, Cash Out, or Future Value (ARV)
  • Cash out must be for business purpose

Restrictions on Properties Owned / Financed:

  • Maximum 20 properties owned

Impounds/Reserves:

  • No Impounds. 6 months interest reserve required