High LTV Hard Money Jumbo Loan
This hard money residential loan features an extremely high loan-to-value (LTV) ratio of 80%. Most hard money lenders max out at 65%, sometimes 70%. So, 80% is significant and speaks to the aggressive nature of this hard money lender and this hard money loan program and can be applied to a variety of loan types including Fix and Flip, Blanket Loan, Bridge Loan, Construction, and can also can be used as a means to bail a borrower out of any "housing event"; Short Sale, Foreclosure, Bankruptcy, Notice of Default (NOD), Notice of Sale (NOS). Below you can see the unique underwriting guideline highlights specific to this loan program.
Form 4506-T Not Required
Maximum LTV: 80%
Maximum Loan Amount: $12,000,000. Exceptions made to $25,000,000
- Exceptions Made to $20,000,000
Purpose
- Purchase
- Refinance: Rate/Term and Cash Out
- Blanket
- Bridge
- Fix and Flip
Occupancy: Non-Owner Occupied Only
Available Terms
- 12 Months
- 18 Months
- 24 Months
- Interest-Only
Eligible Property Types
- Single Family Residence (SFR) - Detached
- Single Family Residence (SFR) - Attached
- 1-4 Units
- 2-4 Unit
- Condos and Non-Warrantable Condos
- Condotels to 65% LTV
- Townhomes
- Manufactured Homes
- Mixed Use Properties
Unconventional Property Types
- Dome Homes
- Modern Style
- Historical
- Log Homes
Available in the Following States:
Arizona, Alabama, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington
Reference# - 55214