Qualifying for Private Investor Loans
How to qualify for a private investor loan?
When you apply for a real estate loan with a Private Investor commercial money lender, the loan process is often more streamlined and efficient. Private Investor money loans require less paperwork and third-party reports. This is a welcome change for those who do not have time to go through a lengthy loan process or don’t have the credit or financials to qualify for a traditional loan. Private Investor Money Lenders are often utilized by those borrowers who do not qualify for a mortgage under traditional lender requirements.
Can I Qualify For A Private Investor Loan?
Some Private Investor money lenders do have similar loan processes to traditional lenders; albeit with less stringent borrower requirements. However, there are also Private Investor money lenders who are asset-based that are primarily concerned with the value of the collateral property over a borrower’s credit history and financials.
Private Investors require a borrower to only provide a minimal amount of information to apply for a commercial real estate loan.
Qualify Based On Property’s Equity
- Commercial Rates 8.50% – 12.99%
- Vacant Land/lot Loans
- $125,000. And Up
- Up To 80% Ltv
- Purchase, Cash-out Refinance
- Seller Held Back Note – Up To 50% Ltv
- No Income Documents Required.
- Foreign Nationals – Ok
- No Advance Fee Charged
- Underwriting Approval Based On The Property Condition, Location, Equity
