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With Our Local Hard Money Lenders

Here is a piece of information what they can do.
Fix & Flip loans:
They can do up to 90% LTC with financing 100% of rehab costs, the loan amount cannot exceed 70% – 75% LTV of the future value. The interest rate depends on the borrower’s experience. The reduced interest rate on loans $300K or more. They can do fix & flip or hold loan with either showing assets or not. If the borrower doesn’t have an experience, They still can do the loan. Nationwide.
Here are the conditions they need:
  1. Filled and signed 1003 application – Contact us 714.855.9292
  2. Filled and signed business purpose and exit strategy disclosure – Contact us 714.855.9292
  3. Signed borrower’s authorization – Contact us 714.855.9292 – Looking for minimum fico 600
  4. Track record of completed projects for the past 24 months – Contact us 714.855.9292
  5. Rehab budget – Contact us 714.855.9292
  6. 2 months bank statements
  7. Entity docs
  8. Purchase contract
For construction loan you should add:
    1. Approved permits and plans
    2. Renderings
    3. Final closing statement from the time of purchase if refinance
    4. GC’s experience.
They can do purchase/refi income property (SFR up to 4 units) up to 75%LTV, loan term from 12 to 24 months, and interest rate between 9% and 12%. Depending on the property and borrower’s financial strength I can get better terms. Loan amount from 500k to 3M up to 75%LTV (California only) or (nationwide metropolitan cities) loan amount from 500k to 5M up to 70%LTV, interest rate 9%-10%. Please include the following:
  1. Filled and signed 1003 application – Contact us 714.855.9292
  2. Filled and signed business purpose and exit strategy disclosure – Contact us 714.855.9292
  3. Signed borrower’s authorization – Contact us 714.855.9292
  4. Purchase contract or lease agreement
  5. Most recent mortgage statement if refi.
Also, they can do commercial properties up to 70% LTV.
Please let us know if you have any questions.
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The ARK TEAMS

Let’s talk about your real estate plans, please contact us to set an appointment!
We look forward to working with you! And please remember -- We love referrals.
Phone: (714) . 855 . 9292
E-mail: arkteams4u@gmail.com
Website: www.arkteams.com
Our Address 1 : 25950 Acero Suite 100, Mission Viejo, CA 92691
Address 2 : 24851 Del Prado, Dana Point, CA 92629

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