Financing

Wholesale Properties Other Investors Wish They Knew About.

Become a Hard Money Lender

You have found the perfect property to invest in. So how are you going to finance your purchase?

Realty Wholesalers will connect you with a hard money loan so you may purchase your property, regardless of the condition.

A hard money loan is a specific type of asset-based loan financing collateralized against the quick-sale value of the property for which the loan is made. This type of loan is similar to a Bridge Loan where the property is purchased as an investment and temporary financing is used for the purchase with the intent to make improvements and rent the property. After such improvements are made, the property is re-appraised and refinanced through conventional financing, with better terms, and the property owner may pull out the original investment, including renovation costs. These loans are to be in first position only.

Terms: (vary according to property location and borrower’s credit)

Typically the loan-to-value or LTV ratio is between 60-75% of the repaired market value of the property.
Interest rates range between 14-17%
Points (origination or pre-payment penalty) range 3-5 points
Loan term of one year, interest only, Balloon Mortgage

1. Name of person submitting this application:
Name:		Phone:
Company:		Alt. Phone:
Email:		Fax:
I am the

2. Name of Borrower (person to be placed on deed):
	Check here if the same as above
Name:		Phone:
Company:		Alt. Phone:
Email:		Fax:

3. Collateral Property Information
Address:		City:
State:		Zip Code:
County:

Property ID/Folio Number:

Property Type:
Total # of Units:
Bedrooms:		Baths:
Brief Description:	Characters left: 255

4. Terms of Purchase Contract
Purchase Price:	(U.S. Dollars, no commas)
Purchase Date:
Other Terms:	Characters left: 255

5. Request a Loan:
Loan Amount:	(U.S. Dollars, no commas)
Repair Value:	(U.S. Dollars, no commas, estimated)
Cost of Repair:	(U.S. Dollars, no commas, estimated)
Existing Liens, if any:	Characters left: 255
	Submit

Financing

Hard Money Loan Request Application