pakistani news: Hard Money Commercial Loans no credit score ...

Tuesday, June 7, 2011

Hard Money Commercial Loans no credit score ... - Real Estate Newswire

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We are presently looking for "Hard Money" commercial loans up to 80% loan to value.

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HARD MONEY FIRST AND SECOND LOANS

?????San Francisco,Ca.94111, June 5, 2011 ?

Looking for a ?HARD MONEY ? Commercial loan ? but have blemished credit ???

We may have a solution for you.

If you are looking for loans, whether to borrow, fund your customers? loan needs, or as an investment, we may have a solution for you.

Bad credit? Need to refinance your commercial property or need cash out? Our approval means a closed loan. Fill out our online loan application or e-mail us your 1003 and 1008 to Ourfundsonline@gmail.com .

Looking for a good source of private money? We can help. We represent a group of private investors with loan funds available for first and second trust deeds on real estate. We may have quick solutions to your loan needs.

Looking for safe, reliable loan investment opportunities? Invest in our mortgage fund or try a trust deed investment and have us do the servicing for you.

We have offices in San Francisco and Santa Rosa,Ca.- June 5th 2o11 ? We fund loans to businesses and borrowers with unique challenges, and who do not have the time or are unable to seek financing from traditional banking sources. We utilize our own mortgage fund resources to fund our loans ? when we commit, you may be confident of the timing and outcome we promise and we always deliver on our word.

With that being said we our known in the industry to have NO Rules simply put we make the rules because we do not see our loans !! Ourfundsonline.com ( http://www.ourfundsonline.com) does not underwrite loans for a secondary market. We make the rules and use our years of experience to make loans happen. Simply put we are the bank our vast group of trust deed investors have been working with us for the past 20 years and trust us to evaluate the equity position we are taking on to be on the spot .

We are a equity based lender ,we care not about credit scores, previous foreclosure and/or bankruptcy with us all borrowers are the same depending on down payment or the equity position you have in the property that we will hold as the collateral for the loan we are making . Here our just a few of our programs if you don?t see your scenario just call us and we will most likey advsie you we can do it !!(http://www.ourfundsonline.com)

* Commercial

* Residential

* Construction

* $250,000 ? $2,500,000 residential and $1,000,000 to no limit on commercial

* Lot Loans

* NO FICO requirements

* Small Commercial

* LTV?s to 70% * One day after a Foreclosure special

* Stated Income * Interest only

* Multiple Borrowers * No Prepay Penalties on some programs

* Cross Collateral OK

* Multifamily

* Office

* Retail

* Self Storage

* Special Uses

* Payments Holdbacks ? impounds

* Medical

* Mixed Use

* Land

* Joint Venture and Debt Financing available
Borrower EQUITY is the primary criteria. We will look at loans on any type of real estate to any type of borrower just as long as there is equity there is a good chance you have yourself a loan !!!!!!

We fund our loans in as little as 7 days with that being said we try and limit the amount of time we have available to just one state ? We mostly fund in California (http://www.ourfundsonline.com) however have contacts for outside of the state.

-QUESTIONS -

What kind of interest rate can I expect from an equity loan?

Most borrowers can typically expect an interest rate of 9% to 15% for our private money loans.

Will my credit score affect my eligibility?

No. This is one of the most important differences between us and banks or mortgage brokers. Your credit score does not affect your elifibility at all ?we are a equity based lender.

What does Loan-to-Value (LTV) mean?

Loan-to-Value is the relationship between the value and the loans against the property.

What types of property are eligible for a private loan?

Single Family Residence, Commercial, Multi-Family, Land, Mixed Use and other real estate properties are all eligible for a hard money loan.

Do I have to pay closing costs?

Yes, however the closing costs can be paid through the loan proceeds.

How long does it take to close on an equity loan?

Closing on a http://www.ourfundsonline.com hard money loan takes between 7 and 10 days after receiving a completed loan package.

Does my property need to be appraised by your appraiser?

No, but we will conduct an appraisal review on all appraisal reports that have been submitted to us if we feel the value needs to be justified again we will order a secondary appraisal.

Hard money loans are real estate collateralized loans based on the sale value of the property against which the loan is made. Private money lenders generally only lend in 1st position Loans on Residential Properties *must* be for investment or commercial purposes non- owner occupied or the maximum we will lend is 80% max if the property is owner occupied.

Based in Santa Rosa, California ? Our Funds Online is a residential and a commercial real estate lender providing fast, creative funding solutions nationwide.We offer bridge loans, mezzanine debt, construction financing (including land development) and occasionally equity participation. It specializes in non-conforming transactions ranging from $1 million to $100 million and above. Please visit us online for additional information http://www.Ourfundsonline.com operators can be reached 24 hours per day toll free at (877) 870-2676or local office line (310) 984-0496 we co-operate with brokers and loan officers packages may be submitted to our underwriting department for a complete review within 24 hours of it being submitted at Ourfundsonline@gmail.com