The 2019 Release! Alt-A Hard Money Program
Releasing a Brand-New Alt-A Hard Money Program with Rates from 6% – 8%!
- Borrowers with good credit (640+)
- Lower Loan To Value (64% LTV or lower)
- Nice property in good location
We have many investors who are interested in these types of loans. For borrowers who are just shy of qualifying for “A” paper, they can quickly get approved for this lower-rate Alt-A Hard Money program.
Our Loan of The Week is a perfect example of this:
Turned down by her bank at last minute. Single Family Residence in Kentfield (Marin County), just needed short-term financing to complete renovations to then sell the house. Loan of $680,000 with LTV just under 50%. Approved at 7.5% interest only for 1 years with no prepayment penalty.
Loan length from start to finish = 7 business days!
If you have a scenario that might fit Alt-A Hard Money, call us at 707-523-2099!
The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.