Why Choose Us? It's Simple
We Offer Direct Hard Money Loans & Excellent Customer Service!
Long Term: Stated Doc Loan Program
- Up To 75% Loan To Value
- Rates Starting At 6.25%
- 3 - 30 Yr Fixed Loans Available - 30 Yr Amortized
- 0-5 Yr Prepayment Penalty, Varies Per Loan
- 1-4% Origination Fee Per Transaction
- 660 Minimum Credit Score Required
- Loan Amounts: $50,000 - $5,000,000
- Close In As Little As 15 Days
- Permanent & Non Permanent Resident Aliens Approved!!
- No Income, No Asset & No Employment Verification!!
- If Refinance; Only 30 Days Seasoning Required
Short Term: Express Bridge Loan Program
- Up To 65% Loan To Value
- Rates: Starting At 8.50%
- 6-24 Month Terms Available
- No Prepayment Penalties
- 2-5% Origination Fee Per Transaction
- Loan Amounts: $75,000 - $3,000,000
- If Refinance: 6 Months Seasoning Required
- 550 Minimum Credit Score To Participate
- Light Documents Required
- Closing in as little as 7 days
Foreign National Loan Program
- No Income Verification, No Reserves
- Up To 70% LTV
- 1-4 Unit Properties, Non Owner Occupied
- Rates: Starting At: 7.00%
- 7/1 ARM, 30 Yr Amortized Payment
- No Prepayment Penalties
- No Credit Required
- Minimum Loan Amount of $100,000
- Maximum Loan Amount of $2,000,000
- Average 15 Business Days To Close
- Passport Only To Quaiify
- International Credit Report OR Letter of Good Standing From Your Bank
- If Refinance; 6 Months Seasoning Required
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 terms that can unintentionally hinder the success of your business. Here are the top four advantages of long 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 long term loan will fund within 15 - 21 business days. We are willing to entertain an already existing appraisal with a recent completion date; if they are reputable and qualified to speed up our funding process to within 15 business days.
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 fixed rate terms range from 3 - 30 years and allows for you the investor to choose a term that best suits your investment goals.
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 limited prepayment penalties or added fees. It’s one more way a private lender can contribute to your success. But, we do want to make sure our investment capital is structured to make us successful as well so a prepayment penalty is essential to our business. Rest assured you will have options which benefit you far greater than conventional methods and will allow for your success. Prepayment penalties can vary from 1% - 5% and from 1 year to 5 years depending on your loan product, these may be bought down or bought out and partial payoffs on individual or portfolio loans are available.
4. No Income, No Asset, No Employment - Verification Approach:
The loans are based solely on the debt coverage service ratio of the investment property. We look to make sure the market rents will cover the principal / interest payment, taxes and insurance, plus a little extra income for the borrower; this qualifies us to lend you money! Our methods allow you to bring multiple properties without boot strapping your income docs and bank accounts to get qualified when the property alone accomplishes that!