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PROGRAM HIGHLIGHTS
PrivateMoneyOptions.com offers an expanded list of equity/asset-based financing for any type of borrower on any type of real estate.
- Reverse Option™ Program - This is a unique Loan Alternative Program that goes in 2nd or 3rd Position up to 70% of a property's market value. There are NO Monthly Mortgage Payments. Foreclosure, BK, Any Credit is OK. No income verification. Equity in the property is the main qualifier.
- 2nd and 3rd positions To Minimize Costs and Fees - Not only do property owners save money at closing due to the smaller amount financed vs redoing the entire 1st mortgage, but they will also be able to preserve their low interest rate on their 1st mortgage or any other senior liens. This comes out to be a huge savings!
- Foreclosure Bailouts - We will provide financing for property owners who are currently behind and/or have been served a Notice of Default. Our goal is to help reinstate their loan/s to provide the property owner some breathing room, repair their credit, and get back on track. In some cases, it allows the property owner to stop the foreclosure, obtain funds to renovate, and then sell their property for full market value rather than selling in distress while in foreclosure and having to take a large discount.
- Financing Up To 70% of Loan-To-Value. Due to current real estate market conditions, most hardmoney lenders are only willing to go up to 60-65% LTV maximum. We, however, have some very innovative programs that allow us to go higher than anybody else in the industry.
- Programs with NO FICO requirements, NO income verification, NO prepayment penalties, and NO Monthly Payments. These programs have been designed with the property owner's best interest in mind. Property owners speak directly to the private investor, who explains the entire program in detail and clearly communicates the whole process from beginning to end.
Please contact Private Money Options to inquire about Hard Money funds available for your situation.
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