SILC Hard Money Loans

Build the Perfect Home with Hard Money and Renovation Loans

Secured Investment Lending offers real estate entrepreneurs access to Private Equity (Hard Money) Mortgages for wholesale investment opportunities.

Hard Money Loans give real estate investors the opportunity to leverage their capital and allow more flexibility in today’s market. Our programs are designed to make real estate investing easy and safe for our clients.

Hard Money financing can be a short term loan used by real estate investors for the acquisition of investment properties. The loans bridge the period between purchase and exit. The loans are typically kept by the borrowers for 3-12 months while they renovate the property and prepare it to be resold to an owner occupant buyer or rented by the landlord investor. Once the property is renovated and rented the landlord investor will refinance the loan with a conventional mortgage and pay off the private loan, and a resale investor will pay off the loan with the sale of the property to the owner occupant buyer.

1 & 2 Year Rehab Loan Guidelines

Subject To Rehab Loans

  • Investment property only located in the Continental United States
  • Max 70% LTV of the After Repaired Value (ARV), max 90% of purchase and rehab (total cost)
  • Min 10% of total cost required from borrower as down payment (reference loan matrix for down payment)
  • Full appraisal, and home inspection including renovation costs and survey required
  • Renovation money is escrowed for every loan
  • Minimum borrower credit of 540 for 65% LTV
  • Borrower credit below 540 needs senior approval
  • 2 months of bank statements required from borrower or borrower’s company
  • Borrower must have reserves of 3 months’ worth of mortgage payment and 20% of the renovation cost escrow
  • Only 1st position liens
  • No 2nd mortgage allowed
  • Clear and marketable title required
  • Properties are titled in land trust or corporate name
  • Interest only monthly payments
  • No pre-payment penalty
  • Corp docs and operating agreement required

AS-IS Investment Loans (If property needs rehab , must be a Subject To Rehab loan)

  • Investment property only located in the Continental United States
  • Max 70% LTV of the AS-IS Appraised Value (720+ credit score), 65% LTV of AS-IS Value (719 or below)
  • Min 20% of purchase price
  • Full appraisal, home inspection and survey required
  • Minimum borrower credit of 540 for 65% LTV
  • 2 months of bank statements required from borrower or borrower’s company
  • Borrower must have reserves of 3 months’ worth of mortgage payment and 20% of the renovation cost escrow
  • Only 1st position liens
  • No 2nd mortgage allowed
  • Clear and marketable title required
  • Properties are titled in land trust or corporate name
  • Interest only monthly payments
  • No pre-payment penalty
  • Corp docs and operating agreement required

Foreign National Loans (Both rehab and AS-IS Loans)

  • Investment property only
  • Max 65% LTV of ARV or of AS-IS Value
  • Min 20% down payment of purchase price for AS-IS loan or 20% of total costs for ARV loan
  • Full appraisal and home inspection including renovation costs and survey required
  • 2 months of bank statements required from borrower or borrower’s company
  • Borrower must have reserves of 3 months’ worth of mortgage payment and 20% of the renovation cost escrow
  • Only 1st position liens
  • No 2nd mortgage allowed
  • Clear and marketable title required
  • Properties are titled in land trust or corporate name
  • Interest only monthly payments
  • No pre-payment penalty
  • Corp docs and operating agreement required

CASH OUT REFINANCE (Foreign National and U.S. Citizen borrowers)

  • Cash out max 60% LTV of AS-IS Value (Borrower must have a minimum of 20% left in the deal)

Loan Disclosure

Our minimum time to re-pay is 1 day, we do not have a pre-payment penalty, or ghost fees. Max terms for our loans are either 1,2 or 3 years depending on borrower and property type. Our maximum APR rate is 16.99% (may vary by state). Origination points are between 3-6% depending on the property type and state that the property is located in.

Example: On a 100k loan the interest would typically be $12,990 if the loan is kept for an entire year. If the loan is paid off before the 1 year term the owed interest is $1,082.50 per month. Origination points would be 3% of the 100k loan amount for a total of $3,000. The total annual fees and interest would be $15,990.