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Semi-Hard
Money Loans
SFR – Condos – 2-4 Units
Semi-Hard Money:
For the borrower who has resolved their past credit issues and/or
doesn’t meet the guidelines for conventional lending because of credit
score, income, ownership seasoning, property income and needs a loan based
on available equity without paying the higher rates & fees associated
with straight hard money.
Property Type:
Single Family Residence, Condos (high rise OK), Townhouse,
2-4 Apartment Units. 1st
& 2nd trust deed loans available.
Loan Amount Interest
Rates Points Max LTV Debt Ratio
$50K to $350K call
call 70% 50%
$351K
to $699K
$700K
to $1Million
Property
value over $1 Million, maximum LTV of 60%
Property Type: 5+ Apartments Units and
Mobile Home Parks.
1st & 2nd trust deed loans available.
Loan Amount Interest Rates Points Max LTV Debt Service
$50K to $350K call call 65% 1.25%
$351K
to $699K
$700K to $1Million
Property
value over $1 Million, maximum LTV of 60%
Property Type: Retail Commercial, Mixed Use
(Mixed Use 55% LTV).
1st trust deed.
Loan Amount Interest
Rates Points Max LTV Debt Service
$50K to $350K call call 65% 1.25%
$351K
to $699K
$700K
to $1Million
Property
value over $1 Million, maximum LTV of 60%
Note: Terms available 30/10, 30/10, 30/7,
25/10, 15/10, etc.
Note: Primary Qualifier is property and
ability to debt service loan.
Limited income documentation OK.
Note: Rate and Term may vary with perceived
credit risk.
Note: Pre-Payment penalty for the 1st
year, assumable to qualified borrower.
Note: 2nd T/D behind large 1st
OK – New loan should be 3 to 1 ratio of existing first mortgage.
Note: No Section 32 loans – Brokers
origination fees cannot exceed lenders points
For details on Rates,
Terms & Fees please call or e-mail to:
(800) 576-0102 Fax (714) 632-9752
Normandy
Mortgage Servicing Co.
Revised 4/15/08
©1999-2001
Normandy Mortgage Servicing Co.
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