Fixer Homes, Lighthouses, Floating Homes, Farms, RV Parks, Churches, Islands, Mom and Pop Stores and
Our Programs:
- Commercial Loans - up to 75% LTV
- Renovation Loans - up to 75% LTV
- REO (and other under-market) Property Acquisition Loans - up to 75% LTV
- Raw Land Loans - up to 75% LTV
- Lots and Acreage with Utilities - up to 75% LTV
- Agricultural Loans - up to 65% LTV
- Construction Loans - up to 75% LTV
- Floating Home Loans - up to 75% LTV
- Manufactured Home Loans (on owner land only) - up to 75% LTV
- Seconds on Investment and Commercial Loans - up to 70% CLTV
- Foreclosure Bailout - up to 70% LTV
- Cash-out Refinancing - up to 75% LTV
- Seller Carry-backs - up to 75% LTV and 120% CLTV
- Bridge Loans - as short as 3 months
Region:
Oregon, Washington, Idaho, Montana, Wyoming, Colorado and Alaska
Loan Amounts:
$10,000 to $5,000,000
Interest Rates:
10-15% on firsts
Term of Loans:
1 to 5 years
Amortization:
Generally either: interest only for 1-3 yr. loans or 30-yr. amortization on loans up to 5 yrs.
Loan Fee:
Typically 5% of gross loan amount (this is our wholesale rate to broker)
Other Fees:
A document preparation fee of $500-$2500, depending on the loan amount; a collection account set up fee (averaging about $125); for properties outside of our immediate area, there will also be an inspection fee of $500-$750
Pre-pay Penalties:
Our loans generally do not have pre-payment penalties, but there may be a guaranteed minimum interest period (of 3-6 months)
For information on loans in OR, WA, WY, ID, MT, CO and AK, contact us at:
- Main Office: 3327 SE 50th, Portland, OR 97206
- NW Portland Office: 1522 NW 24th, Portland, OR 97210
- SW Portland Office: 2188 SW Park Pl. #305, Portland, OR 97205
- Phone us at (503)348-7011 or toll free at 1-800-510-2120
- Email us at info@altfunding.com
- Or visit us online at http://www.privatemoneysource.com
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