oklahoma
Document Sample
Your #1 Source for Discount Properties
Rolodex
of
Oklahoma
Hard Money Lenders
for
Future Millionaires
Delta 8 Capital .................................................2
Brookview Financial......................................... 3
Red Dirt Lending............................................... 4
Fairfield Financial Services, Inc....................... 5
Avatar Financial Group.................................... 6
CT Hard Money................................................ 7
Magnolia Financial Consultants...................... 8
MyHouseDeals.com does not endorse any of the following companies.
Please research and inquire further into each before choosing your lender.
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Your #1 Source for Discount Properties
o Delta 8 Capital is a direct, hard money lender based in Texas
o Provide hard money and short term loans for land and commercial properties,
in Texas and Oklahoma ranging from $100,000-2,500,000
o Fund a lot of cash-outs
o Finance: Raw Land and Commercial Properties
o Offer: No Upfront Fees, Flexible Terms, Quick Closings, and Broker Protection
o If your loan request does not fit traditional lending guidelines, Delta 8 Capital
can help you
o Make quick decisions to fund your capital needs
Delta 8 Capital is a Texas-based private commercial real estate lending company
dedicated to financing short-term asset based loans.
In an ever-evolving real estate market, investors often come across real estate
opportunities that require speed of execution in order to take advantage of the
moment. These opportunities are often not within the traditional banking realms of
operation. That is why when you call Delta 8 Capital; their goal is to get you the
money when you need it the most! They help entrepreneurs move on projects in a
timely manner so that they can achieve their objectives.
Phone: 469-964-6837
Fax: 817-796-2875
www.delta8capital.com
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Your #1 Source for Discount Properties
o Residential 1 - 4 family, investor properties, condo conversions and small
apartment buildings considered on a case by case basis. LIEN POSITION:
o First mortgage only. STANDARD TERM:
o 6 months with monthly extensions up to 13 months. ADVANCE RATE:
o 85% to 100% financing of the total project cost, plus interest, points and closing
costs can be financed to reduce funds required at closing. Will loan up to 75%
of the After Repaired Value.
o Renovation funds are usually advanced in one to three draws, and wired
directly to your account. Rehab portion of the loan typically not to exceed 150%
of acquisition cost unless otherwise approved. INTEREST:
o No payments for up to six months. Borrower may finance interest in loan
proceeds at closing.
o Points can be rolled into loan balance at closing and may be partially rebated
upon early payoff.
o Points may vary if borrower qualifies for one of Brookview’s “Line of Credit”
programs.
o Up to $120 of closing costs (i.e. title insurance, recording fees, etc.) can be
financed as part of the loan proceeds.
Phone: 877-734-2211
Fax: 203-248-1771
www.brookviewfinancial.com
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Your #1 Source for Discount Properties
o LTV maximum is 70%
o Repair draw are 70%
o Loan terms are 9 months
o Annual interest rate is 16.9%
o Document fee is $250
Interest-only payments due on the first of each month (1st month prorated);
payment considered late on the 6th of the month.
Red Dirt Lending, LLC, located in Oklahoma City, OK, is a wholly owned subsidiary
of The Mull Corporation owned and operated by the McLain family. Red Dirt
Lending believes they are particularly well-qualified to not only quickly provide the
hard money needed for your transaction, but also to advise you on the likely
profitability of your opportunity given their own experiences.
Phone: 405-512-5626
Fax: 405-512-5199
www.reddirtlending.com
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Your #1 Source for Discount Properties
o Commercial, business and investment properties only: California, Colorado,
Florida, Georgia, Idaho, Montana, New York, Oklahoma, Texas, Washington,
Wyoming
o All property types: Alaska, Nevada, Oregon
o Loan amounts $10,000 to $9,000,000; interest rates 10 - 15% on firsts
o Term of loans are 1-5 years; amortization interest only
o Broker fee typically 5%, but may vary based on particulars of the loan
Throughout its 53-year period of growth and change as a hard money loan source,
Fairfield has remained true to two basic objectives: (1) to specialize in brokering
strictly private money loans through private, "hard money" lenders, and (2) to
emphasize doing so with professionalism and integrity. Fairfield has served as a
source for private money loans and hard money lenders in Oregon and
Washington for decades, and has also recently expanded their private money
lending services throughout the Northwest US. Fairfield currently serves as a
source for hard money loans in Alaska, California, Colorado, Florida, Georgia,
Idaho, Montana, Nevada, New York, Oklahoma, Oregon, Texas, Washington and
Wyoming.
Phone: 800-971-1858
Fax: 503-227-3467
www.privatemoneysource.com
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Your #1 Source for Discount Properties
o Rates from 9.99% - most loans fund at prime + 4-5% plus a couple of points +
broker points, if applicable
o Terms are1-3 years, interest only, no prepayment penalty
o Maximum LTV is 65%
o Value is actual purchase price of the real estate
o A deposit of about $5 - $6k is required before due diligence process is begun
and is credited against the third party costs of underwriting: fair market value
evaluation fee, inspections, site visit, legal costs, escrow, etc.
Avatar funds loans over $1,000,000 in Oklahoma. Their bridge loan & hard money
funding options are available statewide.
Phone: 888-886-0097
Fax: 206-728-5993
www.avatarfinancial.com
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Your #1 Source for Discount Properties
o Minimum funding $50,000
o Funding in less than 2 weeks
o Flexible terms
o Relationship based approach
o 85-100% acquisition & rehab funding
o Up to 75% of After Repaired Value
o Credit scores: 620 or higher
o No prepayment penalties
o 6 to 12 month loans
o 6 month - no pay option
o Pre-foreclosure alert program
o Non-owner occupied properties only
Phone: 866-360-6418
www.cthardmoney.com
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Your #1 Source for Discount Properties
o Loan range minimum $100,000.
o A-B-C-D credit will be considered.
o LTV’s 50% to 100% purchase, refinance, refinance with cash out, construction.
o Will consider zero down with certain credit scores and incomes.
o 100% financing with good credit.
o Seller take back financing allowed.
o Many programs available including no income no assets (NINA), etc.
o May cross collaterize to lower LTV with CD’s, stocks, other real estate, boats,
etc.
o Fixed rate or ARMs available, interest only, or straight 15-20-25-30 year
amortization all possible.
o Rates will range depending on credit, starting at 2%. Origination points range
from 2 to 8.
Phone: 601-428-1005
Fax: 601-649-7116
www.hardmoneymortgages.com
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