Bankers Direct provides our clients with a wide variety of equity based loans. We realize when it comes to private money; no two loans are the same. That’s why we look at each loan individually to evaluate the needs of the borrower. Below are our residential guidelines. We are able to make exceptions on a case by case basis. |  |
| Geographic Area |
Florida only |
| Property Type |
SFR, Multi family, condos, town homes |
| Minimum Loan Amount |
N/O/O minimum $50,000
O/O minimum $150,000 |
| Term |
ARM or Fixed available |
| LTV |
Max LTV is 60% in Broward, Dade, and Palm Beach counties. Max LTV in all other areas is 50% |
| Rate |
9.99% to 12.99% |
| Pre Payment Penalty |
Varies |
| Credit |
Not required |
| Lender Points |
1 to 4 on loan amounts ≥ $150,000 |
| Seasoning |
No seasoning requirements |
| Appraisal |
May be required. Appraisals performed by approved appraisers only. |
| Foreclosure bailouts |
OK |
Residential Hard Money
- Hard money loans close in 3 weeks
- 1 - 3 year hard money commercial bridge loans nationwide
Submit a Hard Money Loan Request - Click Here »
Commercial Hard Money
- Competitive Pricing & Flexible Property Types
- Fully Amortizing up to 25 years - Fixed Rates for up to 10 years
- Closing in approximately 60 days
Submit a Commercial Loan Request - Click Here » |
For more information on any of our corporate funding services, please call us at 954-227-7440 Or Apply Online. |
