Quick Terms for loans

Quick Terms for loans At Quick Terms we provide the best rates and fastest terms available in the industry.

07/26/2023

-FIX AND FLIP

-Up to 85% LTV for Purchase can add in repair funds at 100% as well. Rates start at 9%

-For experienced and/or Higher FICO (720+) 90% LTV on purchase and 100% of rehab

-100% of Purchase & Rehab for Qualified Borrowers and Properties if total loan is 70% or below the ARV. Can also get 100% if qualified for GAP Funding



-BUY AND HOLD OR REFI CASH OUT –

Investment Residential, Commercial, Multi Family, Portfolio

-75-80% LTV For Purchase, Rates 6%+ and 30-year terms available

For Refi Cash out typically seeing 70-80% LTV. Depends on property type.



-REAL ESTATE LINE OF CREDIT –

Two Different Options

Option 1- Real Estate Line of Credit

-Up to 7X your liquid cash reserves.

(i.e. $100K in savings = $700K LOC Approval)

-FICO 680+

-Minimum Cash Reserves $50K

Option 2 -Unsecured Business Lines and/or Term Loans

- need 700+ FICO and we can raise up to $250K

07/26/2023

Bridge Loans
► $1MM - $300MM Loan Amounts (can go higher on case-by-case basis)
► Rates: 9% - 13%, Interest only
► LTV: up to 75%
► 1-5 year Term, Recourse and Non-Recourse available
► Loan Types: Acquisition, Refi/Cash out, Foreclosure, Equity Recapture, Renovation
► Can close in 2-3 weeks, or 45 days for the larger loans
► Property Types: Condo Inventory, Industrial, Office, Residential, Mixed Use, Mobile Home Parks, Multifamily, Self Storage, Hospitality. Owner Occupied Commercial OK

"Short Money" (Bridge Hybrid)
This special program was designed for cash-flowing properties where the borrower needs a Non­ Recourse, Interest only loan and is not ready to commit to a CMBS loan with long prepayment penalties.
Program Parameters
► Loan Amount: $3MM - $150MM
► Rates: Generally 8.5% - 9.25%
► Origination: 2 points
► LTV: 65% - 70%
► Non -Recourse, Interest Only
► 1.25 DSCR (down to 1.1 on multifamily)
► 3 or 5 year term
► 2-3 year Interest Guarantee
► Major metro areas only (100,000 + county population)
► Business-use Cash out OK
► Perfect for maturing loans, purchase, cash-out refinance construction loan payoff (if property is 60% + leased)

Address

Orlando, FL

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

Telephone

+14432809681

Website

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