Owner-User Loans
Owner-User Financing
12-month private money bridge loans can be used by well-qualified borrowers to acquire a new home when they are under a tight closing deadline or had a last minute underwriting condition appear that required switching to hard money to close. If you need to close quickly, First Capital Trust Deeds may be able to help.
M5 Commercial Funding briefly explains the opportunity in SHORT-TERM BRIDGE LOAN FINANCING WHEN YOU NEED TO CLOSE QUICKLY
Owner-User Loans Details
- 11 & 12 month terms
- $500,000 minimum loan amount
- Rates starting at 10.50%
- Up to 70% LTV of purchase price
- Income qualified by W-2, 1099, P&L, business or personal bank statements
- Cross-collateral financing available
(new purchase & home you’re selling) - Available in CA, OR, AZ, UT, & FL
- Must be able to refinance into a conventional or jumbo loan within 12 months