Phone: 305-445-5223
Email: [email protected]
Website: http://www.benworthcapital.com/contact_us.html
Address: 300 Sevilla Avenue Suite 202 Coral Gables, FL 33134
States They Lend in: Florida
Type of Loans:
- non-traditional mortgages
- traditional residential mortgages
- commercial mortgages
- construction financing
Private Lending Guidelines
Purpose of Loan
•Purchase primary or secondary residence
•Acquire property to operate your business
•Invest in income-producing residential or commercial property
•Build a custom home
•Construct a small residential or commercial income-producing project
Loan to Value (LTV)
•Loan to value is a ratio used to assess the risk of a loan
•Loans must have a LTV ratio of no more than 65% to qualify for a Benworth Private Loan
Short-Term Loans
•Terms starting at 12 months
This may be the right solution for you if you are:
•Waiting for a lump sum payment from an investment, legal matter or sale of an asset
•Looking for temporary financing until another property is sold or leased
•Seeking to close on a transaction quickly to avoid competitive bids, secure a property or lock in an attractive price
Investor Loans:
Provides services to finance, acquire, manage and develop residential, commercial and income-producing real estate.
- short-term, first-position residential and commercial mortgages
- does not extend credit nor participate in land loans, second mortgages, mezzanine financing,
re-financing of primary residences, or condo loans that are not Federal Housing Authority- (FHA) approved - proactively provides borrowers with appropriate credit counseling to help clients improve credit scores
- escrows all loans for taxes and insurance
- services all loans that are extended to borrowers in order to closely monitor asset quality
Can you sale a house that you are renting to own????