Whether you are constructing a new building or expanding your business, IWC can offer hard money loans, commercial loans, or business Loans to suit your individual requirements.

HARD MONEY LOANS

Got a tough multi-million dollar deal? Consistently hearing "No" to your deal because it doesn't fit the conventional box? Need a short term loan? Are traditional lenders taking forever to close? Consider an IWC Hard Money Loan.

IWC POINTS TO CONSIDER (TERMS)

  • First lien position, non-owner occupied, no exceptions.
  • Loan amount is based on 75% of the proposed sales price or 85% of the AS-IS value, whichever is less. Offer should be calculated as: Offer = .75 * ARV - Rehab Costs
  • Closing costs, discount points, and purchase price can be financed.
  • Renovation funds are paid by the borrower as costs are incurred.
  • Once work is periodically approved, funds proportionate to work completed are released.
  • Regions currently include Maryland, DC, and Virginia (other regions considered on a case by case basis).
  • Borrower's credit rating is not a factor in approval process. No prepayment penalty.
  • Borrower to sign an affadavit warranting that subject property is not a primary or secondary residence.

 

 
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