These investment properties include single family homes, 2-4 unit buildings, condos and town homes. If the property is non-owner occupied (owner occupied allowed for 2-4 units, with majority use being rental), and is used for investment purposes, then we have the loan products for you. Maximum loan amount is $750k on SFRS and $2 million on 2-4 unit buildings with up to 70% LTV. Loan sizes over $2 million, are considered on a case by case basis. Impounds required. Loans are assumable at lender’s discretion. Program unavailable in MN, NV, ND, SD, TN, and VT.
Commercial Type I loans are for multi-family (5+ units) and mixed-use buildings. Maximum loan amount is $5 million at an LTV of 75%. Impounds required. Loans are assumable at lender’s discretion. Program unavailable in IL, MI, MN, NV, ND, SD, TN, VT.
Commercial Type II consists of office buildings, general retail, warehouse, self- storage and automotive services. Maximum loan amount is $5 million with an LTV of 70%. Program unavailable in IL, MI, MN, NV, ND, SD, TN, VT
*above terms pertain to loans funded by IWOD Services; however for commercial funding from conventional (bank, CMBS, conduit, or REIT, etc.) lenders, personal financial statements and tax returns will be required.
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** Hard Money Lenders... we take out your loans with perm financing. Stated income perm loans for your bridge loan borrowers!
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