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 Brokertfield (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!