NLDS Corp Hard Money Loans Funded June 2015 comprised of were rehab loans, refi/rehabs and our 30 year program for properties that have been completed or needed no rehab, 2 commercial purchases in NYC that closed in 4 and 6 days respectively with no appraisals as well as 6 new construction loans in NJ. In total we closed and funded 31 loans in June for just over 6.135M in 21 states. Here are some of the types of loans we closed this past month:
Kansas City, MO Refi/Rehab
Borrower paid cash for the property (78k) we refinanced them and gave the back 29k at closing and funded their 118.5k in construction costs. Borrower Equity in the deal after the refinance $ 48,217.70
Kansas City MO Refinance Rehab
Total loan amount $ 156,000.00
Purchase Price $ 78,000.00
Escrow for Construction $ 118,500.00
ARV $ 240,000.00
Illinois Purchase and Rehab
Sherlock St Frankfort, Il. 60423
Frankfort Illinois purchase and rehab ARV
ARV $643.960
Purchase Price $400.000
Rehab Budget $78,000
Borrower skin in the deal $95,600
Florida Purchase and Rehab
Largo, FL 33770
largo FL purchase and rehab ARV
Borrower skin in the deal at closing $ 25,746.47
Total loan amount $ 107,620.24
Purchase Price $ 95,000.00
Escrow for Construction $ 32,732.34
ARV $172,000
NJ purchase and Rehab
Rockaway NJ purchase and rehab ARV
rockaway nj
Arv 300k
Purchase 138000
Rehab 50000
Cash from borrower in the deal 37.8k
NJ Purchase and rehab
Washington Township NJ
Loan amount 258365
Purchase 150000
Construction escrow 158050
Borrower skin in the deal 61810
ARV 525000
NJ Purchase and rehab
Wharton NJ
Purchase 56.5k
Construction 69672
Loan amount 106316
Borrower skin in the deal 25,434
ARV 205000
NJ Purchase and rehab
River Edge NJ
Loan amount 334,517
Purchase 243,000
Construction 156140
Borrower skin in the deal 80028
ARV 585000
30 year program refi for rented property
Valpariso IN
552k value
386000 loan amount
Rate 7.65% fixed 30 years
30 year program purchase
Pleasant IN
7.85% 30 year fixed
Purchase price 175000
Appraised at 175000
Loan amount 117000
67% loan to value
If you have a deal on your desk that needs funding, or you are looking for a lender to work with on your next deal, look no further! We fund deals in as little as 7 days, no red tape, no junk fees, and same day decisions on your loan submissions. You can submit your loan application here and we will get right back to you.
Not sure if your loan fits our programs? Check out our rehab loan programs here and our 30 year program for completed properties and portfolios here.