Address: Garfield, New Jersey 07026
States They Lend In: Nationwide except CA,TN,UT,NV,AZ,OR,SD,MN,VT,ID,RI,NY
DBE Funds LLC uses applications, structure information, appaisals,
interviews, and observation to conduct a comprehensive review of all loan documentation.
We evaluate current standing, comparables (or comps) in your area, appraisal information and other relevant information.
◾Hard Money Loans
◾Private Money Lender with access to over $100's of millions of dollars.
◾Comprehensive Analysis of current property standing
- What is a loan term?
Private money loans are for 3, 6, 9, 12, 18 and 24 months.
- Can you help me fund a loan for a home I want to buy to live in?
Yes and No. Depends on the type of loan, what state it is located in. Send me information on what you need and what state property is located in, and I will work on it to get you funding. Most private money loans are for real estate investment non-owner occupied properties. Buy fix and flip, or buy fix and rent.
- What credit score do I need?
Private money loan is asset based, not credit score based.
- Are there any penalties?
There are no pre-payment penalties.
- Is there an application fee or any upfront fees that I have to give you before you start the loan process?
No application fees. There will be an appraisal ordered for the property on the loan application, with a national appraisal company. They will contact you directly for payment and for appointment after your loan application has been submitted. We do not collect money for appraisals. There will also be a collateral DNA ordered. It is $25.00. This will give you information on the property, the value, the neighborhood, what has sold recently and so much more. The underwriters require this report to process the loan.
- Can you provide a Proof Of Funds letter?
- What are your rates?
Private money loan rates vary. Where do you need to be? We will match other private money lender rates. Ask for more information.