Scotsman Guide > Residential > Directories > Niche Lenders

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Condo Conversions


Amerifund Home Mortgage
We'll lend on these types of borrowers up to 80% LTV, no prepay, $500K - $20M, five-year (5) fixed int. only, 30-year amortization, no balloon. Rates start at 5.75%. Niche lending at its core – common-sense – primary, second, investors, foreign nationals, condo, co-op, 1 - 4, multifamily, mixed…all are OK.
Lending Territory: NATIONWIDE except AL, KS, KY, LA, MN, MO, MS, MT, WY

Citadel Servicing Corp.
Case-by-case basis up to 75% LTV for purchase and 70% for refinance. Resort communities preferred.
Lending Territory: AZ, CA, CO, FL, GA, ID, NC, OR, TX, UT, VA, WA

Inner Core Capital
Your tentative map financing experts. Mapping is hard and so is our money, call or send loan scenario.
Lending Territory: CA

Pacific Private Money Loans
Private money product and program. Experts in condo and TIC conversions in San Francisco and the surrounding area. Loan sizes up to 20 million. Quick response and quick funding. Broker friendly with make sense underwriting. Call or email for more information on programs. Ranked by Sctosman as one of the top 5 hard money lenders in 2014!
Lending Territory: CA, HI

Patch of Land
No minimum FICO. 80% LTV, up to 80% ARV. 12 month term, extensions available. Fixed rate, I/O. No prepayment penalties. Non-owner-occupied investment properties. Fix-and-flip, 1-4 unit residential. Mixed use. Commercial.
Lending Territory: NATIONWIDE except AZ, NV, OR, SD

Western Development LLC
Hard money. Owner cannot live in property. 5-year term with no prepayment penalty. No upfront lender fees.
Lending Territory: DC, MD, VA


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