Jun 26, 2017 | How Hard Money Works
All we need is the property address, offer/contract price, estimated renovation costs, and estimated ARV (After Repair Value). With this information we can underwrite the deal and can provide you with a loan breakdown, with rates, in as little as 20-30 minutes. Get...
Jun 26, 2017 | How Hard Money Works
LTC stands for “Loan to Cost.” As for our LTC metric, we will finance up to 80% of the acquisition plus the construction costs. Need more info? Click the blue icon on the bottom right of your screen to Live Chat!
Jun 26, 2017 | How Hard Money Works
LTV stands for “Loan to Value.” As for our LTV metric, we can finance up to 65% of the ARV. Need more info? Click the blue icon on the bottom right of your screen to Live Chat!
Jun 26, 2017 | How Hard Money Works
No, WCP lends only to business entities (LLC’s, C Corps, etc.). Registering a business entity is easier than many think, and the process can often be started online through your state government. Need more info? Click the blue icon on the bottom right of...
Jun 26, 2017 | How Hard Money Works
Signed Term Sheet Commitment Fee Payment – Our commitment fee varies from deal to deal but is typically around $1,400. This includes the attorney fees and appraisal fees. Borrower Information- Full Name, Address, Birthdate, SSN (of all LLC members), Purchase and...
