Go figure.
Banks are a mess. The government is trying to help, but lenders keep closing. Rates are getting worse even as the economy sinks…
Lenders are lending less, and less.
Even “blue chip” borrowers can’t get loans if they own too many properties.
Well an unlikely (or maybe not) source has opened the vault to good investors at ridiculously cheap rates.
Cheap? How does 4.5% Interest – Only sound?
And it’s only for investors.
Listen to what they are willing to do:
Blanket loans for multiple properties.
No limit on number of properties owned.
Collect payments every 90 days.
Most credit doesn’t matter – just mortgages.
No cash needed to purchase property.
Cross collateralize property in other countries.
Who in the world is willing to take such risks?
An organization who is the foremost authority in the world at managing risk – Lloyd’s.
It actually makes perfect sense.
Lloyd’s has been a leading international banking and business presence for years.
Who better than to understand and be willing to accept risk in a market few others are willing to.
Their magic number is 70%. Purchase or cash-out refinance. One property or multiple.
You do have to have sufficient income to qualify on paper – No Stated Income Whatsoever.
So if you have strong income and want to capitalize on the market in Florida, you may have a new financial partner. Their Pilot program is only being offered by a select number of lenders, which we have access to.
Call me today to see if the program works for you. 954-217-9518 x310
Craig Garcia is a Managing Member of Bridge Capital Lending, LLC. A mortgage and investment firm specializing in Investor Loans that Use Private Lenders that fund Hard Money Loans. Craig can be reached at 877-8GO-GREEN or 954-217-9518.
Tags: RealEstate, Loans, Refinance
July 23, 2008 at 2:35 pm
this really good for some of my investors
July 24, 2008 at 4:58 pm
Does this only apply to Fl ops? or can we invest in other states, like MA, NY or NC?
Thanks for your time and attention to my Question. Mary
August 1, 2008 at 3:12 pm
Right now the program is available on Florida properties, although additional collateral can reside in other places.
Thanks!