© 2017 by Peak Properties, LLC

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PURCHASE, CONSTRUCTION  

& RENOVATION LOANS. 

An investor/rehabber can use a private loan as a lending tool for financing when he/she only plans on holding the investment property until the construction or rehab work has been completed and the property goes to sale. A construction loan will typically be disbursed in increments as a borrower needs funds to complete construction of the property. Once a property has been constructed and/or renovated and sold for a profit, the loan with the private lender is paid off in full. The typical maximum loan-to-value allowed on a subject property is 70% with disbursements made to a borrower pursuant to the terms and conditions of a construction holdback agreement signed at closing.

GENERAL LENDING PERAMETERS: 

REQUIRED FOR LOAN ACCEPTANCE:

  • Submission Package Submitted and Approved

  • Contract of Sale and or Assignment

  • Clear Marketable Title Policy

  • Liability and Hazard Insurance at Closing

  •  Scope of Work & Draw Schedule Completed

  •  Ferrous Metal Scan (Under Ground Tank Sweep) 

  •  Flood Search and Map

  •  Home/Termite Inspection

LENDING AREAS:

 

NJ, NY, FL, PA, MA, CT, DE, MD, OH, TX  

PROPERTY TYPES:

Non-owner occupied residential; commercial; all income producing properties; rehab properties; ground-up construction.

 LOAN TO VALUE

Property Acquisitions and Rehab – Up to 70% of After Repaired Value

Peak Proprietary Loan Program - Up to 100% Financing

Cash-out Refinances -On Non Owner Occupied or Vacant Investment Properties to 65% LTV

free loan ANALYSIS

Free Initial Analysis of Borrowers Submission Package: