Greenpoint Equity


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greenpointPhone: (818)384-9072

Address: 1220 W. Glenoaks Blvd., Suite 201, Glendale, CA. 91201

Website: http://www.greenpointequity.com/

Email: Boris@GreenpointEquity.com

States They Lend In: California

 

Greenpoint Equity: offers wide range of Custom Tailored Private and Hard Money Loans based on your individual project for Residential and Commercial Properties in California!

We Lend on: Individuals, Corporations, LLC’s & Trusts!

Purchase / Refinance / Construction / Rehab / Line of Credit Construction Completion / REO/ Foreclosures / Short Sales!
•Residential
•Unique Properties
•Mixed Use
•Multi Unit
•Retail
•Commercial
•Industrial
•Office Buildings
•Improved Lots
•Apartments

 

Terms:

 

•Residential “Fix-and-Flip” Bridge Lending (term: •Residential “Fix-and-Rent” Lending (term: 12-60 mos.)

•Commercial Real Estate Bridge Lending (term: 12-60 mos.)

 

Program Details:

 

Location: California

Property Type: 1-4 unit residential

Documentation: bank statements or stated income

Occupancy: non owner occupied.

Pre Pay: 3 mo. interest guarantee

Loan Amounts: $50,000 minimum

Term: 6 – 60 months

Rate: 10.00 to 12.00%

Points: 3 – 5 points

Minimum Down Payment: 0 to 40% based on deal.

Recommended Reserves: approximately 50% of rehab costs & six months payments.

Rehab Budget: Funds are released in two to three draws.

Loan to Value (LTV): up to 65% A.R.V. on rehab loans or ASIS value with no fund control

FICO: No minimum FICO

Rehab Timeline: 06 – 24 mo.

Underwriting and Loan Documents: $800 – 1,500

Timeline to Fund: 5 to 10 days

Lien Position: 1st and 2nd max CLTV of 65%

 

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