LOAN PRODUCTS/TERMS
BUSINESS/ LINE OF CREDIT
- BLOC Details
- 6% annual interest rates
- 5-10 Years Repayment Term
- FICO SCORE of 600 or higher to be approved Liquidity - 2 month bank statement (at least 5K)
- 2 points to establish or maintain LOC
- 24 Hours Pre-Approval
- Close in 2-4 working days
Additional Requirements
- Certification of Formation
- Letter of good standing from the Secretary of State and Certificate of Account Status from the State Comptroller of Public Accounts
- Organization documents (Partnership Agreement, Operating Agreement, Articles of Incorporation)
- EIN form from Internal Revenue Service
PERSONAL LOANS
- Rate 6.5%
- 30 Years Repayment terms
- 2 Points
- Approval within 24 hours
- Close in 3-7 working days
- Loans From $40,000 to $1,000,000.00 Approval Requirements
- 580 Minimum Credit Score
- 2 Months Liquidity Reserves
- No Recent Bankruptcies
Additional Requirements
- No Tax Returns/Employment Verifications Needed
- No prepayment Penalties
- Loans to personal, or Company/LLC
- Loan Requirements may be adjusted by Upwind Private Money Lending Company. at its sole Discretion
FIX & FLIP
- 7% interest only payments
- 2-3 points origination
- 6-12 Month Terms (w/ extension provisions)
- Up to 90% LTV
- Loans from $50,000.00 to $10,000,000.00 10% Down Approval Requirements
- 600 Minimum Credit Score
- 2 Months Liquidity Reserves
- No Recent Bankruptcies/Foreclosures
Additional Requirements
- No Tax Returns/Employment Verifications Needed
- No prepayment Penalties
- First/Second Lien Options
- Appraisal & Inspections must be ordered by the borrower
- Loans to personal, or Company/LLC
- Lenders Title Policy Required
- Residential, Condo, Townhouse, and more
- Loan Requirements may be adjusted by Upwind Private Money Lending Company at its sole Discretion
BENEFITS OF FIX & FLIP LOAN
- A fix and flip loan is the perfect solution for investors who are purchasing, rehabbing, and then selling properties.
- Fast financing for fast-paced business
- Loans for the purchase of rehab properties that conventional lender won’t back
- Low interest rates
- No credit check or proof of income required Conventional mortgage loans were not designed for flipping real estate, and that’s where fix and flip loans come in
CONSTRUCTION LOAN
- Upwind Private Money Lending Company Provides New Constructions loans to investors looking for commercial and residential properties, private money loans are great for investors or builders who are purchasing a lot or tearing down an existing home for new Constructions. No need to Pre-qualify. Constructions Loan Details
- 6% interest only payments
- 2-3 points origination
- 9-12 Month Terms (w/ extension provisions)
- Up to 85% LTV
- Loans from $50,000 to $3,000,000.00
Additional Requirements
- 580 Minimum Credit Score
- 2 Months Liquidity Reserves
- No Recent Bankruptcies/Foreclosures 15% Down Additional Requirements
- No Tax Returns/Employment Verifications Needed
- No prepayment Penalties
- First/Second Lien Options
- Appraisal & Inspections must be ordered by the borrower
- Loans to personal, or Company/LLC
- Lenders Title Policy Required
- Residential, Condo, Townhouse, and more
- Loan Requirements may be adjusted by Upwind Private Money Lending Company at its sole Discretion
BENEFITS OF PRIVATE MONEY CONSTRUCTION LOAN
- New construction investors and builders maximize their profit margins with private money loans, because fast, reliable financing is what drives success in the Nation-wide competitive real estate market.
- Speed — Private money loans can usually be funded in about a week, compared to 30+ days from traditional lenders
- Flexibility — Private money construction loans can provide flexible repayment and collateral release terms, where traditional lenders use one-size-fits-all loan structures
- Availability — Private money lenders are private investors, so they have the freedom to consider more than a rote checklist when determining if you qualify for a loan. Traditional real estate loans were designed for owners making a long-term investment. If you are an investor or builder, however, hard money new construction loans were designed for you
RENTAL/MULTI FAMILY LOAN
- Multi-family Loan Details
- 5.5% Principal & Interest payments
- 2-3 points origination
- 25 Years Terms (w/ extension provisions)
- Up to 90% LTV Purchase
- 10% down
- Up to 100% Rehab
- Loans from $50,000 to $10,000,000.00
- 24 Hours Pre-Approval
- Close in 7 to 10 Days Approval Requirements
- 600 Minimum Credit Score
- 2 Months Liquidity Reserves
- No Recent Bankruptcies/Foreclosures Additional Requirements
- No Tax Returns/Employment Verifications Needed
- No prepayment Penalties
- First/Second Lien Options
- Appraisal & Inspections must be ordered by the borrower
- Loans to personal, or Company/LLC
- Lenders Title Policy Required
- Residential, Condo, Townhouse, and more
- Loan Requirements may be adjusted by Upwind Private Money Lending Company at its sole Discretion
STORAGE FACILITIES/ MOBILE HOME/ RV PARKS
- Rate 5%
- 2 points
- 90% LTV
- 10% down Payment
- 30 years fixed repayment term
- Pre Approval within 24 hours
- Close in 7-10 days
- Loans from $50,000 to $5,000,000
Approval Requirements
- 600 Minimum Credit Score
- 2 Months Liquidity Reserves
- No Recent Bankruptcies/Foreclosures
Additional Requirements
- No Tax Returns/Employment Verifications Needed
- No prepayment Penalties
- First/Second Lien Options
- Appraisal & Inspections must be ordered by the borrower
- Loans to personal, or Company/LLC
- Lenders Title Policy Required
- Residential, Condo, Townhouse, and more
- Loan Requirements may be adjusted by Upwind Private Money Lending Company at its sole Discretion
Benefits of working with Upwind Private Money Lending Company
We’re proud to be known as one of the Nation wide best lenders for personal & real estate investments.
- Maximize your profit — our 5-6% interest rates are among the lowest in the Nationwide industry
- Get the property you want — we’re a direct lender, so we can get you cash on hand in as little as 3-7 working days.
- Partner with an expert — our local focus means we have valuable, first-hand knowledge of your nationwide real estate markets.
- Don’t stress about your financing — we never sell or broker loans
- Enjoy great customer service — all of our lending is in-house—from underwriting to servicing. That means you’ll only talk to one person during the entire life of your loan. We pride ourselves on providing flexible loan terms, as well as on our transparency throughout the process. If you’re flipping property Nationwide, Upwind Private Money Lending Company is here to help.
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