Secured Investment Funding

 

Phone: 855-485-9032

Address: 1485 International Parkway, Suite 1031 | Lake Mary, FL 32746

Website: https://www.securedinvestmentlending.com

Email: info@securedinvestmentlending.com

States They Lend In: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

HARD MONEY AND RENOVATION LOANS

 

Secured Investment Lending offers real estate entrepreneurs access to Private Equity (Hard Money) Mortgages for wholesale investment opportunities.

Hard Money Loans give real estate investors the opportunity to leverage their capital and allow more flexibility in today’s market. Our programs are designed to make real estate investing easy and safe for our clients.

Hard Money financing can be a short term loan used by real estate investors for the acquisition of investment properties. The loans bridge the period between purchase and exit. The loans are typically kept by the borrowers for 3-12 months while they renovate the property and prepare it to be resold to an owner occupant buyer or rented by the landlord investor. Once the property is renovated and rented the landlord investor will refinance the loan with a conventional mortgage and pay off the private loan, and a resale investor will pay off the loan with the sale of the property to the owner occupant buyer.

1 & 2 Year Rehab Loan Guidelines

 

Subject To Rehab Loans

• • Investment property only located in the Continental United States
  • Max 70% LTV of the After Repaired Value (ARV), max 90% of purchase and rehab (total cost)
  • Min 10% of total cost required from borrower as down payment (reference loan matrix for down payment)
  • Full appraisal, and home inspection including renovation costs and survey required
  • Renovation money is escrowed for every loan
  • Minimum borrower credit of 540 for 65% LTV
  • Borrower credit below 540 needs senior approval
  • 2 months of bank statements required from borrower or borrower’s company
  • Borrower must have reserves of 3 months’ worth of mortgage payment and 20% of the renovation cost escrow
  • Only 1st position liens
  • No 2nd mortgage allowed
  • Clear and marketable title required
  • Properties are titled in land trust or corporate name
  • Interest only monthly payments
  • No pre-payment penalty
  • Corp docs and operating agreement required

AS-IS Investment Loans (If property needs rehab , must be a Subject To Rehab loan)

• • • • Investment property only located in the Continental United States
      • Max 70% LTV of the AS-IS Appraised Value (720+ credit score), 65% LTV of AS-IS Value (719 or below)
      • Min 20% of purchase price
      • Full appraisal, home inspection and survey required
      • Minimum borrower credit of 540 for 65% LTV
      • 2 months of bank statements required from borrower or borrower’s company
      • Borrower must have reserves of 3 months’ worth of mortgage payment and 20% of the renovation cost escrow
      • Only 1st position liens
      • No 2nd mortgage allowed
      • Clear and marketable title required
      • Properties are titled in land trust or corporate name
      • Interest only monthly payments
      • No pre-payment penalty
      • Corp docs and operating agreement required

 

Foreign National Loans (Both rehab and AS-IS Loans)

• • • • • • Investment property only
          • Max 65% LTV of ARV or of AS-IS Value
          • Min 20% down payment of purchase price for AS-IS loan or 20% of total costs for ARV loan
          • Full appraisal and home inspection including renovation costs and survey required
          • 2 months of bank statements required from borrower or borrower’s company
          • Borrower must have reserves of 3 months’ worth of mortgage payment and 20% of the renovation cost escrow
          • Only 1st position liens
          • No 2nd mortgage allowed
          • Clear and marketable title required
          • Properties are titled in land trust or corporate name
          • Interest only monthly payments
          • No pre-payment penalty
          • Corp docs and operating agreement required

 

CASH OUT REFINANCE (Foreign National and U.S. Citizen borrowers)

Cash out max 60% LTV of AS-IS Value (Borrower must have a minimum of 20% left in the deal)

 

LTV:

SILC  lends up to 65% LTV of the ARV (After Repaired Value). SILC  requires an appraisal, termite report, survey & home inspection to evaluate each property and determine the loan amount for the transaction.

 

Credit Requirements:

SILC does look at the credit worthiness of our borrowers. We do pull the borrower’s credit report and typical minimum credit score with our programs are a 620 or better. However, SILC will look at every scenario individually and evaluate the investment opportunity based on all the information we have.

 

Type of Properties:

SILC lends on single-family properties and multi-family properties that are 4 units or less non-owner occupied investment property which the borrower signs an affidavit stating that. SILC also considers commercial property with an LTV of less than 50%.

 

FUNDING FOR COMMERCIAL REAL ESTATE LOANS

 

Fund Your Business’ Growth

Commercial real estate loans help businesses reach full potential.

The business world is constantly shifting, and to keep up with the changing landscapes, businesses must continually adapt in order to grow their reach. Many times, an investment opportunity can help achieve just that, with the right financing. Whether you’re an investment broker looking out for your clients’ best interests, or a business owner wanting to take the next step with your company, Secured Investment Lending can help fund commercial property purchases.

From office space to warehouses and storefronts, a commercial property that meets your business’ needs can transform the way you operate and ultimately drive additional business for your venture. Call our team of expert loan agents today for additional details on commercial property loans, or live chat with us right now to get your questions answered.

If you have found the ideal commercial property for your client or business, you can start your loan application right from this page and get your approval as soon as possible.

Commercial Guidelines

• First position mortgage only
• Property is located in Continental United States
• ALL loans are held in corporation names, no personal names
• LTV loans up to 60% of the After Repair Value or 60% of the purchase price
• Loans from $100,000 to $5,000,000
• All property types will be considered excluding churches
• Renovation Report will be done by approved SILC inspector/contractor
• Appraisal required on all properties by approved SILC appraiser
• Mortgagee title policy required at closing
• Builder’s risk and/or hazard policy naming SILC as additional loss payee required at closing
• Closing attorney must be approved by SILC