Residential Hard Money

 

Geographic Area	Florida Only
LTV:	50% LTV Based on lower of purchase price or appraised value
Property Types:	SFR, MFR, Townhomes, Condos
Rates:	11.99% to 12.99%
Points:	2 to 4
Payment:	Interest Only
Term:	1,3,5,or 7 Year Balloon
Pre-Payment Penalty:	Varies
Loan Amounts:	Up to $1,500,000
Credit:	Must display overall willingness to repay debts

 

PCG Underwrites residential loans with a combination of traditional and common sense underwriting standards. We do not have a minimum credit score, but borrowers must display an overall willingness to repay debts. LTV’s on purchases are always based on purchase price. We will finance condos on a case by case basis. We typically will not finance rural properties or older wood frame homes. Appraisals are not required on residential properties. We will perform an in house valuation and then schedule an inspection of the subject property.