Venture Capital Group


[Total: 1    Average: 5/5]


Phone: (888) 218-5752

Address: New York

Website: https://www.theventurecapitalgroup.com

States They Lend In: New York

 

 

Private Money – Hard Money:

 

Program 1:

 

Guidelines: Individual or Business Must pledge Real Estate and/or Financial security. Flexible Rates and Terms etc. Low FICO (sub 500)

Minimum Loan Amount: $50,000 – Max. $100 Million

Rates: Minimum 8.99%, Interest Only

Points: Minimum 2

Term: Minimum 6-months

Maximum LTV 70%

Maximum LTC 50%

Turnaround Time: approximately 2- 3 weeks after LOI.

Process: Application, Review, Acceptance, LOI, Closing.

Please Contact our office for specifics.

 

Program 2:

 

Loan Amount: 70% LTC or 75% LTV • 30% Equity required •

Terms: 3-10 years or 25 years

Rate: 4.55%-8%

Construction, Bridge, Hard Money

Closing Time: 30-65 days

Full File required

No Lender fees, until Loan Contract is issued and Underwriting completed

Fully refundable

No Prepay

Fico Score not a factor

30-40% Equity, Liquid Assets.

Bridge Construction and Income Stabilized Projects

Term:1-3 Years Interest only

Rate: Approx. 12.99%

LTV 50% (Finish Value) or 70% LTV For non-construction

Loan amount: 5 Million-1.5 Billion

Underwriting completed prior to issuance of LOI

Closing: 25-55 days • 25-35% assets.

 

Program 3:

 

Hard Money International Loan

Minimum Loan: $50,000,000 USD, USA and International.

Term: 10-15 years

LTV: Up to 100% • Funding Time: 3-4 weeks • No Upfront fees, except escrow and third party reports • Require: 10% Down, remains in escrow until closing.

 

Commercial Real Estate Financing

(Retail, Industrial, Hospitality):

 

Program 1:

$500,000 & Up

• Owner-Occupied Properties or Investor Properties

• 15-30 Year Amortization

• 3-15 Year Fixed Rates

• Up to 75% LTV

• Low Rates

• No Balloons

• Fixed Declining Prepayment

• Recourse and Non-Recourse Options

• Minimum 660 Credit Score

• 2 Years of Historical Income

• Minimum 1.25 DSCR.

 

There is also a non-conforming, owner-occupied or investor commercial loan program providing up to 90% commercial financing and 30 year fixed rate terms.

 

From: $250,000 – $5,000,000

• Owner-Occupied Properties or Investor Properties

• Full Document, Low-Doc, and Stated Income Options

• Owner-Occupied Stated Income Commercial Loans to 90% LTV

• 30 Year Amortization

• From 3 Months-30 Year Fixed Rates

• 90% LTV on Purchase

• 85% LTV on Refinances

• Flexible Prepayment Options

• 20% Annual Prepay With No Penalty

• Minimum 1.25 DSCR

• Minimum 600 Credit Score.

 

Speak Your Mind

*