Investment Lender Specials for Trust, LLC, Corp., Foreign Nationals

1. Residential Construction Loan Program
2. Private Lender Options
3. Renovation Special
4. Construction / Perm One-Time Close
5. NonPrime Products - Credit Reported below 500 FICO Score
6. Land Only
7. Raw Land, Rural, Farm, Ranch, Agriculture use property
8. 10+ properties are a.o.k. (no limitation lenders)
9. 19 Properties +Primary..No Seasoning
   Will do 4 Properties for one Borrower or 4 Piggybacks!!!

1) RESIDENTIAL CONSTRUCTION LOAN PROGRAM

MTG Brokers Corp. is now offering construction lending for residential properties, both owner occupied and non-owner occupied.

We concentrate on property types from individual homes to multiple unit projects with a prestigious portfolio lender typically originating and funding their own loan products.

Our primary lending area for this program is metropolitan Denver and the "Front Range" of Colorado, as our focus is on value added real estate transactions specializing in financing for borrowers whose needs are not met by traditional "in the box" lenders and who require rapid credit decisions and hands-on service.

• Target Amounts: $150,000 - $4,000,000
• Product Types: Individual homes to multiple unit projects
  • Construction to Perm
• Loan Profile: New Construction (Speculative & Presold) secured by 1st DOT
• Term: 12 months (Extensions as appropriate)
• Exit Strategy: Sale or refinance
• Underwriting: Maximum 80% LTV; Minimum equity 10% of costs
• Pricing: Individually priced
• Recourse: Yes

Borrower Profile: Demonstrated track record and financial capabilities to support the project

2) Private Lender Loans $50,000 to $500,000
(Colorado Investors Only)

Fast Aproval and Closing (up to 80% of retail value!)

• Foreclosure Investors
• Vacant Land
• Small Commercial Buildings and Apartments
• Fix-n-flip
• other unusual or non-traditional real estate projects

Loans approved within days - sometimes hours
Loans closed within days - sometimes hours
Appraisals not normally required
Borrowers credit considered but our Private Lenders are primarily equity lenders
Borrowers pay for lender's title policy and recording fees
No doc prep charges  -  No other stacked-on fees

Sorry, but they DO NOT make loans to Owner Occupants or for Consumer Purposes

 
   
 
3) The Renovation Mortgage
One Convenient Loan That Allows Borrowers To Include All Cost In To Renovate

• Primary/ Secondary/ Investment Properties
• Purchase/Refinance  
• No Minimum amount of repairs  
• Owner Occupied properties- if property can’t be occupied during renovation,
  6 full mortgage payments (PITI) can be financed into the loan
   
• Investment Property- 3 months PITI may be financed into the loan,
  if property can’t be occupied during renovation

 
 
   
 
 
4) Construction / Perm One-Time Close

• Construction and permanent financing in one simple package
• Guaranteed permanent financing in buyer’s name
• 95% LTV including land and improvements
• Low variable rate during construction
• Construction may be up to 18 months
• Limited documentation available
• Loan amounts up to 1,500,000
• Terms from 15 to 30 years
• Float down lock option
• No builder approval
• Low closing costs
  
  

5) NonPrime Products - Rates 10-14% National Lender

• Credit Scores below 500 70% LTVwould be best case under $200,000
• Any other make sense scenarios with $200k+ values and LTVs under 75%
• Rural Property LTVs maxed out @ at 60% (maybe 65% if not too rural)
• Specializing in loans up to $20 million
• Foreclosure and bankruptcy buyouts
• Unlimited gift of equity purchases
• No seasoning requirements
• Loans in the name of the trust or corporation
• Self employed less than 2 years
• Blanket loans

Financing for rural, unimproved, non-speculative land to be used for future vacation or retirement home, hunting or recreational usage.

There is a 5-acre minimum and a $5,000 per acre cap.

• 10% Down Payment Land Only Financing
• Points Ranging from 1%-3%
• Terms Available Up to 20 Years as Determined by Amount Financed
• Interest Rates Ranging From 9.5%-13.0% (Fixed and Variable)
  • Interest Rate & Points to be Determined by Credit History, Down Payment, Stability, and Deal Structure

We do not offer a "stated" program.

• Self-employed persons must provide their most recent Form 1040 with Schedule C for income verification.
• Minimum 2-year job time guideline

MTG is proud to provid the raw land financing ABOVE in the following states:

• Colorado
• Missouri
• New Mexico
• New York
• Oklahoma
• Texas
• Virginia

SEE No. 7 Below for more Raw Land Loans in All States

7) Rural, Farm, Ranch, Agriculture use property

Land Loans offered in all Residential lending States
CLICK HERE For other Raw Land Purchasing, Refinancing, and Construction Loans Including Equipment Loans and More

8) No property ownership limits..10+ properties o.k.
Most Lenders accept up-to 5 properties per investor or up-to
$1 Million dollars (whichever occurs first). A few investment lenders go as far as allowing up-to 10 investment properties per investor.

We have a few lenders that with great investor financing such as
10+ properties financable per investor.

Even better...one of our favorite lenders is allowing
   1 Primary Residence with up-to 19 Non-Owner Occupied (N/O/O)
Investment homes/Properties.

and.....Non-warrantables, condotels, high investor concentration !!!

8) 19 properties plus your Primary Residence

• NO SEASONING ON OWNER OCCUPIED and SECOND HOME
  
• REFINANCES TO USE CURRENT APPRAISED VALUE ON RATE/TERM
  OR CASHOUT
  
• NO SEASONING ON INVESTORS TO RATE/TERM ON APPRAISED VALUE
  
• OPT ARMS 90% OWNER, STATED INVESTOR OR SECOND HOME
  Start rates at 1.00, 3-payment options- Neg Am, Int Only, and Full Indexed, 40 yr terms available
  
  INVESTORS!!!! INVESTORS!!!! INVESTORS!!!!
  
• Borrower can have 19 Residential Properties plus subject
• Will do 4 Properties for one Borrower or 4 Piggybacks!!!
  
• 90% CLTV STATED INCOME FOR INVESTORS AND SECOND HOMES
  
• 95% CLTV FULL DOC INVESTOR PURCHASE LOANS
  
• 3 AND 4 UNIT, OWNER AND INVESTOR PROPERTIES TO 90%CLTV
  
• PIGGYBACK TO AVOID MI AND WAIVE ESCROWS AT NO CHARGE
  
• DO NOT NEED ANY INVESTOR HISTORY TO USE RENTAL INCOME
  
  
  • Condo Conversions, Non-warrantables, Condotels on any product line.
  
  • 3, 5, OR 7 YR PORTFOLIO INTEREST ONLY ARMS
  THAT ALLOW UP TO 1 MILLION CASHOUT
  
  • STATED INCOME FOR WAGE EARNERS, RETIREES, BROKERS, AND
  REALTORS
  

Fill out our application - Click Here

See Fix-N-Flip for 1-19 unit investment financing

See 1 - 4 Unit Financing (Typical Bank Loan Products for Investors), and 2nd home financing.

See our Commercial programs for non-fix and flip type investment property financing

For Commercial Mortgage industry...
see our page on CMBS (Commercial Mortgage Backed Securities)
2nd mortgages not allowed...we show a way around this


see Mezzanine Loans ...for Commercial Mortgage Loan Financing
How to get a Junior Lien (similar to second mortgage)


and see the Commercial Glossary