LOAN TYPES

RESIDENTIAL HARD MONEY LOANS

Waterfall Capital's private money program is designed for seasoned investors and contractors who are purchasing properties and need a quick turn around.

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• 1-4 family properties

• Loan amounts $150k - $500k

• Term - 6 months (up to 18 months on exception basis)

• Rates - 8.99% - 12.99%

• Fees - 1.50% - 4.00%

• LTV - Up to 70% of purchase price or 75% of ARV

• Guaranty - Yes

FIX & FLIP

Fix and flip handyman special loans are typically short-term, asset-based loans most often secured by distressed or damaged real estate properties. 

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• 1-4 family properties

• Loan amounts $150k - $500k

• Term - 6 months (with extensions on exception basis)

• Rates - 8.99% - 12.99%

• Interest only

• Fees - 1.50% - 4.00%

• LTV - Up to 70% of purchase price or 75% of ARV

• Guaranty - Yes

• Appraisals required and inspector may walk the property to determine condition

• Draw schedule as needed

COMMERCIAL HARD MONEY

• Property Types- Apartments, Office, Retail

• Loan Amounts - $250K - $1MM

• Term - 1-2 years

• Rate - 8% - 14%

• Fees - 2.00% - 4.50%

• LTV - Up to 65% Max

• Guaranty - Yes

RELATED COSTS

$400 Doc Prep Fee (estimated, based on third party)
Appraisal  - Typically $450 (estimate, based on third party)
Processing Fee - $950
Draw & Inspection - $175
Flood Cert Fee - $40 (estimate, based on third party)