Loan Programs
Searching for a bespoke loan program that fits like a glove? Browse through our distinctive hard money loan offerings, each tailored to suit various investment goals. Don’t hesitate to contact us for a no-obligation consultation.
Programs
SFR, CONDO AND 2-4 UNITS
1st Liens
- Up to 75% LTV.
- Rates from 9.99%.
- 12 – 24 months loan term.
- Minimum 600 FICO, lower – exception only.
2nd Liens
- Up to 65% CLTV.
MULTIFAMILY
1st Liens
- Up to 75% LTV.
- Rates from 9.99%.
- 12 – 24 months loan term.
- Minimum 600 FICO, lower – exception only.
2nd Liens
- Up to 65% CLTV.
Residential
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RETAIL, INDUSTRIAL, OFFICE
1st Liens
- Up to 75% LTV.
- Start rate – from 9.99%.
- 12 – 24 months loan term.
- Minimum 600 FICO, lower – exception only.
2nd Liens
- Up to 65% CLTV.
- 1st lien must be conventional bank & must agree to junior lien.
Commercial
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RESIDENTIAL (1-4 UNITS)
Up to 85% LTC but not to exceed 65% LTARV- From 10% rate.
- Minimum score – 640.
- 12 months. Longer term possible depending on scenario.
- “No-experience” flippers – case by case.
- Marketable location.
Fix and Flip
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GENERAL GUIDELINES
- Purpose: Purchase and refinance. transactions Loan Amounts: $150K – $25MM.
- Term: 12 months, interest only. Longer term available in some cases (up to 24 months).
- Credit Score: Not credit score driven.
- Prepayment Premium: Case by case.
- Broker Fees: Case by case but minimum is 2 points.
- Lender Fees: Average of $2,500.
- Other Fees: Valuation, due diligence fees – depending on transaction.
UNDERWRITING GUIDELINES
- Experience: First Time Investor MAX 65% LTV.
- Income Verification: Simple documentation.
- Down Payment: No source
- Appraisal Process: Contact your Account Executive to learn about our streamlined process and cost. Impounds None.
- Foreign Investors: 65% maximum LTV.
Bridge Loans: General Guidelines
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Process for Securing A Loan - Here's What To Expect
Though the landscape of real estate investment varies, several core steps remain consistent when applying for a hard money loan.
Pre-approval
Exploring options to leverage your real estate investment? Need fast, flexible funding? Lending Bee's hard money loans might just be your solution. With no prepayment penalties, these loans let you clear your debt sooner, if you choose. Even with less-than-perfect credit scores, you stand a chance to qualify. Whether you're looking to invest in your first property or seeking to expand your portfolio, our loans can be a great option.
Points
As a borrower, you may opt to pay points - a fee calculated as a percentage of the loan amount, to the lender, which can help decrease the interest rate on your loan. This might necessitate an additional fee but could save you money in the long run through lower interest payments. Consult with our loan advisors to ascertain whether this option is right for you.
Loan Application
The loan application process requires comprehensive details about you, your financial standing, and the property you intend to finance. Our dedicated team will review the submitted information meticulously, including your credit history.
Down Payment
Typically, we require a down payment that demonstrates your commitment and shares the risk of the investment. The exact amount can vary depending on the specifics of the loan and your situation. Our LTV can go as high as 80%.
Appraisal
A property is appraised to determine its market value. This process takes into account prices of comparable properties in the area, ensuring an accurate and fair valuation.
Securing a Rate
With hard money loan rates susceptible to change, we guarantee the rate you were initially quoted when you lock in your loan rate. We start from 9.99%.
Loan Review Process
After the appraisal, we'll review your loan application in detail, making sure every aspect aligns with our lending policies and your investment goals.
Signing
Once everything is in place, all the documents are transferred to a title company for you to sign. Any remaining fees or funds are due at this time.
Fast and flexible financing for your real estate investment projects in California
Lending Bee Inc offers a variety of hard money loan options secured by real estate, including fix and flip loans, bridge loans, and construction loans. Our team of experts will work closely with you to find the right loan option and guide you through the entire loan process. Contact us today to learn more.