Valor Lending offers niche lending solutions for property owners and prospective buyers seeking access to private funds to operate in the cannabis industry.
‘Hard Money’ loans are the most common type of real estate loans available. ‘Hard Money’ loans are asset-based loans where a borrower receives funds secured by real estate whereas the lender or investor makes the loan based on either the appraised value or purchase value (whichever is less) of the property.
Lending Guidelines
- Loan Amounts: $250,000 minimum
- Loan to Value (LTV): up to 70%
- Interest Rates: 6.99% – 14.99%
- Fees: 2.5 – 6 points (including lender or investor fees)
- Loan Position: 1st or 2nd trust deeds (70% max CLTV on 2nd trust deeds)
- Loan Term:12-60 months
- Property Types: Investment residential and commercial
- Loan Types: Purchase, Refinance, Equity Cash out, Bridge Loan, Rehab, Construction, Lender Participation
- Additional Guideline: Lender guidelines may vary depending on property type, borrower credit, and property location. Inquire for more details.
- Fast underwriting and funding;
- Minimal documentation;
- Short or longer term loans (up to 5 years);
- Competitive rates and fees;
- Lots of capital waiting to be invested;
- Long list of satisfied borrowers and investors;
- Will consider any loan that makes sense.
Surf and Sunshine,
Stefanie Prescher
Loan Officer
CA BRE# 01970140
NMLS# 463609
Valor Lending Group
“Pride in Lending”
Petco Park
Diamond View Tower
350 10th Ave – 10th Floor
San Diego, CA
Direct: (616) 485-8784
Office: (619)344-2640
Fax: (619) 255-0602
web: www.valorlending.com
smprescher@valorlending.com
