Hard Money Loans

Our LOAN Terms:

  • LTV: up to 50%
  • Repair Draws: 50%
  • Loan Term: 6 months
  • Annual Interest Rate: 20.9%
  • Property Analysis Fee: $200
  • Repair Draw Fee: $150
  • 6 mos. Interest Pre-Paid: AT CLOSING
  • 6 mos. Insurance Pre-Paid: AT CLOSING
  • 3 points are charged and not paid until the end of 6 month term

The Process:

  1. Submit a credit authorization form and pay the $75 credit application fee.
  2. We will contact you with the status of your application within 72 hours.
  3. Email us the executed purchase contract.
  4. Submit a property analysis request and pay the $200 analysis fee . You can use cashier check or credit card call to make pmt.
  5. Once our property analysis report is complete, we'll call you to review the final numbers for your approval.
  6. Loan documents and funding are sent to the title company at closing.

Example

After Repair Value

$80,000.00

Repairs Needed

$10,000,00

As-Is Value

$70,000.00

50% Maximum at Closing

$35,000.00

 

Purchase Price

$40,000.00

50% of Repair Budget

$5,000.00

TALT PROPERTIES process fee for closing

$300.00

Estimated Closing Cost

$1,000.00

Total Loan Amount

$40,000.00

Earnest Money

$500.00

6 months prepaid insurance due at closing

6 months Prepaid Interest Collected at Closing

$4,000.00

Points paid when property sells (4) due at 6 months end of term

$1,600.00

# FIRST POSITION LIENS ONLY. ALL SUBS MUST BE PAID DIRECTLY FROM US AFTER WE RECEIVE AN INVOICE AND A RELEASE OF LIEN FROM EACH!

Sell in Days Ebook

We'll gladly provide you a copy of our FREE e-Book

"Sell Your House In Days Instead of Months"

Stopping Foreclosure Ebook

We'll gladly provide you a copy of our FREE e-Book

"Stopping Foreclosure: Understanding Your Options"