SHORT TERM "HARD MONEY" FUNDING

Single Family - Condos - Town Homes - Multi Family - Office - Retail - Self Storage

 
 
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Purchase & Renovation Funding

  • Up To 90% of the Purchase Price (90% LTC)
  • Up To 100% of all Renovations (Rehab)
  • Up to 70% ARV (After Repaired Value)
  • Rates: 8.50% - 14.99% Interest Only
  • 6-24 Month Terms Available w/ No Prepay Penalty
  • 3-6% Origination Fee
  • No Minimum Credit Score To Participate
  • Loan Amounts: $75,000 - $10,000,000 (Purchase & Rehab Combined)
  • Closing in as little as 10 Days
  • Residential & Light Commercial Investment Properties Welcome
  • EXPRESS LOANS CLOSING IN 5 DAYS OR LESS!!
  • 100% FUNDING WHEN YOU CROSS COLLATERALIZE YOUR EQUITY!!
 
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Tear Down & Rebuild Funding

  • Up To 90% of the Purchase Price (90% LTC)
  • Up To 100% of all Renovations (Rehab)
  • Up to 70% ARV (After Repaired Value)
  • Rates: 8.50% - 14.99% Interest Only
  • 6-24 Month Terms Available w/ No Prepay Penalty
  • 3-6% Origination Fee
  • No Minimum Credit Score To Participate
  • Loan Amounts: $75,000 - $10,000,000 (Purchase & Rehab Combined)
  • Closing in as little as 10 Days
  • Residential & Light Commercial Investment Properties Welcome
  • EXPRESS LOANS CLOSING IN 5 DAYS OR LESS!!
  • 100% FUNDING WHEN YOU CROSS COLLATERALIZE YOUR EQUITY!!
 

PRIVATE LOANS, often referred to as hard money loans or bridge loans, offer three significant advantages over conventional or bank-financing arrangements. We as private lenders can fund quickly, within a flexible structure and without ugly prepayment penalties that can unintentionally hinder the success of your business. Here are our top five advantages of short term hard money loans at Crowder and Company, LLC:

1. Rapid Funding of Loans:

Trying to secure even the simplest of loans from a financial institution in the post-Enron, post-economic downturn world can be extremely difficult. Banks never-ending requests for forms, statements and other documents force businesses to wait. But we all know that opportunity waits for no one. We can move quickly and base decisions largely on the liquidation value of the collateral provided. Faster decisions mean you start moving forward in your business rather than get caught in funding limbo.  Our typical short term loans fund in as little as 10 to 15 business days but we do have express options available.

2. Flexible Term Structure:

Your business is constantly adapting to changing market circumstances. Traditional financial institutions aren’t as flexible and typically take a one-size-fits-all approach to all requests. We can structure repayment and collateral release terms in ways that are mutually beneficial to both borrower and lender. Greater flexibility often results in better outcomes.  Our terms range from 6 to 24 months based on your individual needs and rehab project.  It is best to execute a deal in the shortest allotted time to allow for maximum returns on your investments.  A typical residential fix and flip will range from 4-6 months depending on the exit market, but your average commercial deal is roughly 1 year.

3. Prepayment Penalties:

You know that even the best-laid plans can change, hopefully for the better. If business goes particularly well, the last thing you want is to be penalized for your success. Yet traditional financial institutions often charge hefty prepayment penalties if circumstances change and a loan is fully or partially repaid before the due date. We are fully invested in your success and typically structure loans with or without limited prepayment penalties or added fees. It’s one more way a private lender can contribute to your success.  We want you to be successful and in this case do not apply any pre-payment penalty to our short term loans.  As a matter of fact; we want you to exit as quickly as possible so our monies can be flipped and used again to increase our profits.

4.  Express Loan Options:

Our express loans were designed for borrowers who are purchasing from an auction house and/or are in a tight spot with limited time for closing.  We assess the collateral property in-house and will allow for the property appraisal and inspection to occur post closing.  This allows for us to fund a transaction in 5 business days or less!  Now, since we are taking on some of the risk, our funding options will be limited to 80% loan to cost, thus making you the investor put a little more skin in the game.  To calculate our maximum loan value just take the purchase price plus the rehab amount and multiply times 80% and this is your maximum loan value.  Of course, this option is more expensive than our traditional closings, only because we push all our resources to get your deal done on time!

5.  100% Funding Using Cross Collateral:

This program is for seasoned investors who have property with equity but do not wish to refinance.  You may use your existing equity up to 65% of fair market value as cash towards the down payment of purchasing your new fix and flip project.  For example; if you are transacting on a 250,000 rehab project and your down payment is $35,000.00, but you have equity in a property, we will just use this equity in replacement of your cash at closing in the form of a lien.  Once the project is completed and exited then the lien will be removed and you may use it again.  Please note; your cross collateral will not cover closing costs and insurance costs, just the down payment.

Corporate Disclaimer:  Crowder and Company, LLC makes commercial, business purpose loans to investors for residential and commercial property investments. Crowder and Company, LLC does not make residential mortgage loans. Loans are for investment purposes only and not for personal, family, or household use. Loan product availability may be limited in certain states. This is not a commitment to lend. All loans are subject to borrower and underwriting approval, at our sole and absolute discretion. Other restrictions may apply, loan terms and conditions are subject to change without notice!