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Hard Money Lending
We specialize in unconventional financing, providing fast, hard money real estate and other asset-backed loans to special circumstances
Our creativity, flexibility and commitment to impeccable client service allows us to complete deals quickly and efficiently.
Go Farther
We work with clients at critical junctures in their business lifecycle. Whether it is an acquisition, recapitalization, development, or bridge financing, our services help our clients with the tools to reach their strategic goals. .
Property Types We Service
Industrial
Raw Land
Business Assets
Apartments
Office
Mixed Use
Residential
Our Experience
Our team has completed hundreds of real estate transactions, from large resort developments, multi-family, residential subdivisions and single family homes. We have worked in the roles of principal, advisor, investor and broker, and are sensitive to the needs of all parties in completing a transaction quickly, professionally and profitably.
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About us
Who we are
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Suspendisse at mauris. Sed ut eros. Proin fermentum. Nulla facilisi. Donec id dui quis libero porttitor mattis. Vivamus dapibus. Duis adipiscing interdum ante. Mauris nisi dui, ornare sed, elementum sed, aliquet eget, nisl. Quisque viverra lectus eget nibh.
Quisque viverra lectus eget nibh. Duis justo erat, mollis nec, consectetur vel, interdum fermentum, neque. Vivamus dapibus. Duis adipiscing interdum ante. Mauris nisi dui, ornare sed, elementum sed, aliquet. Nulla a tellus in erat ullamcorper tristique. Suspendisse at mauris. Sed ut eros. Proin fermentum. Nulla facilisi. Donec id dui quis libero porttitor mattis. Vivamus dapibus. Duis adipiscing interdum ante. Mauris nisi dui, ornare sed, elementum sed, aliquet eget, nisl. Quisque viverra lectus eget nibh. Vivamus dapibus. Duis adipiscing interdum ante. Mauris nisi dui, ornare sed, elementum sed, aliquet. Nulla a tellus in erat ullamcorper tristique. Suspendisse at mauris. Sed ut eros. Proin fermentum. Nulla facilisi. Donec id dui quis libero porttitor mattis. Vivamus dapibus. Duis adipiscing interdum ante. Mauris nisi dui, ornare sed, elementum sed, aliquet eget, nisl. Quisque viverra lectus eget nibh. Duis justo erat, mollis nec, consectetur vel, interdum fermentum, neque. Aliquam eget eros sit amet libero ullamcorper luctus.
Services
What we do
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Client cases
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Criteria
Home Rehab Loans
Following are the general parameters under which we typically work.
LOAN SIZE: From $100k to $10 million.
USE OF PROCEEDS: Loans are made for business purposes only.
LOAN TO VALUE: Loan amounts can be up to 70% of the disposition value of the collateral, assuming a cash sale price within approximately 120-180 days. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages as work progresses. The repayment plan or 'exit strategy' is an important part of underwriting.
RATES: Rates vary from 12-21% per annum, interest only, depending upon collateral and loan structure.
FEES: Fees of 3-6% of the loan (minimum of $4000). Documentation fees and deal participation may be extra.
PREPAYMENT: 0-1% prepayment penalty.
COLLATERAL: Real estate and other fixed or liquid assets.
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Investors
Equipment
Commercial
Asset Based Lending
We make commercial and business real estate loans from $100,000 to $10,000,000.
Each investor typically maintains direct security interests on the collateral backing the loan.
Investors typically can look for the following:
The investor typically receives:
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"Making Money In a Credit Crunch"
Brokers
Brokers are a very important part of our business and we appreciate the opportunity to serve you. If you have been frustrated by broken promises of closing dates that aren't kept, quotes that change at the last minute, and false approvals, then Direct Lending Group will be a refreshing change.
We are a private commercial real estate lender dedicated to providing fast service and solid underwriting for both brokers and investors.
As a private non-conforming (hard money) commercial lender, nobody is more reliable or responsive when it comes to serving our broker and investor clients.
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Documents
Borrower Documents
Broker Documents
Online Loan Application
Broker Agreement (Word)
Closing Costs Estimator
IRS W-9 Form
Loan Application (Word)
Investor Documents
hard money rates-fees-sheet
The Process
Items needed for underwriting:
1. Completed loan application.
2. Signed Tax Returns for 2 most recent years.
3. Borrower's credit report and financial statements.
4. YTD Operating Statement for subject Property
5. Rent rolls and copies of all rental/lease agreements.
6. Appraisal or Documentation of Estimated Value
7. Written "Use of Proceeds" letter
8. Color pictures of subject property
Note: Underwriting is based on current value and not based on projections.
Additional items needed to close transaction
1. Title Report (if available) -- Have ordered.
2. Purchase and Sale Agreement, if applicable.
3. Attorney opinion letter regarding applicability of State Usury Laws
4. Insurance Agent name and phone number.
5. Current year property tax statement for all parcels.
6. Assignment of appraisal and appraiser's authorization to use the appraisal in a public offering.
If the Borrower is a Corporation/LLC/Partnership or Trust:
1. Articles of Incorporation.
2. Corporate Resolution authorizing the loan, and the officer(s) authorized to execute the loan documents.
3. LLC Certificate of Organization and Operating Agreement (Resolution required).
4. Copies of the Partnership/ Trust Agreement.
1-800-501-0670
Corporate Office:
299 South Main Street, Suite 1300
Salt Lake City, Utah 84111
801-305-3035
Florida Office:
834 SE 46th Lane
Cape Coral, Florida 33904
239-471-2633
Our financing solutions provide real estate developers and business owners with strategic solutions to their growth needs.
Our investors enhance their wealth and cashflow with attractive returns backed by strong collateral positions.
Fundings of $100k to $10m
1
Up to 70% Loan-to-Value
2
Close in as little as 5 days
3
Property Development, Acquisitions & Refinancings
4
Bridge Loans & Special Situations
5
Credit Problems OK
How can we help you?
1-800-401-9290
info_equitylockfinancial.com
© 2009-2010 National Secured Funding, LLC
