2nd Position Loan Options

2nd Position Loan Options up to $10M | Fast Close | 65% CLTV | Typically without an appraisal

Are you buying a new investment property? or

Are you buying a new investment property and need to pull cash out of other real estate owned for the down payment? or

Do you need cash out from a current property owned to pay off a business purpose? or

Do you need cash out from a current investment property to improve that investment property?

Valor Lending Group can fund your HARD MONEY 2ND POSITION LOAN OPTIONS up to $10MM in as little as 7-10 days often times without an appraisal.

2nd Position Loan Options have become one of the most requested programs to date.

At Valor Lending Group we take great pride in the service we provide. We have a vested interest in satisfying your needs, since we rely on referrals and your repeat business.

We offer a variety of 2nd position loan options.

2nd Position HELOC (Home Equity Line of Credit)
- Requires 2 years tax returns with a MAX DTI of 50%
- Up to 90% CLTV on owner occupied primary residence
- Typically 10 year draw period and 10 year pay back period on a 30 year amortization
- ONLY make payments on the balance drawn upon (like a big credit card)
Close Ended 2nd Position (Owner Occupied and Investment)
- Qualify with 2 years tax returns OR 12-24 month bank statements for self-employed individuals
- Up to 90% CLTV on owner occupied and primary residence
- MAX DTI of 50%
- DSCR available up to 70% CLTV (no tax returns and no DTI calculated)
- Loan funded in one lump sum
2nd Position Business Purpose (Short Term Hard Money)
- 65% MAX CLTV behind a 1st TD bank loan
- Loan funded in one lump sum
- Short-Term Interest Only Loan up to 12-24 months
- No Prepayment Penalty
2nd Position Consumer Bridge (Owner Occupied ONLY)
- Departing residence required – leverage available equity in departing residence for down payment on your new primary residence while your departing residence sells
- 65% MAX CLTV behind a 1st TD bank loan
- Loan funded in one lump sum
- Short-Term Interest Only Loan for 11 months
- No Prepayment Penalty

No appraisal subject to lender discretion on a case by case basis

We are NEVER too busy for your referrals!

WE SAVE DEALS!

TRUST US TODAY!

Recap of our Loan Products:

Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to twelve million
Jumbo Loans up to thirty million / Super low rates! / Ten percent down Jumbo’s
Bank Statement Loans (Great for business owners and self-employed) up to twelve million
Hard Money Loans funding in as little as 3 -10 days up to twenty-five million in CA & AZ
Flipper Loans (Flip a property with one of our many options) up to 90 percent Leverage + one hundred percent Rehab
VA Loans – Up to One Million Five hundred thousand – ZERO Down – We pay for appraisal and donate to Veterans Charity
Commercial Line of Credit
One Hundred Percent Financing (cross collateralize other properties – even in 2^nd position – hard money)
Foreign Nationals Loans (no social security, US tax returns or residency required)
Raw Land & Lot Loans
Ground up Construction for spec homes, custom homes and commercial ground up to five hundred million
2nd Position Loans up to five million
DSCR (debt service coverage ratio) – Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow
Farms, Vineyards, Ranches and Agricultural Properties (twenty – forty percent down)
Manufactured Housing / Mobile Homes – Double wide only with land (twenty percent down / 620+ credit score)
Acreage Properties
Commercial Loans up to five hundred million – Every type of commercial asset

We also Offer:

10, 15, 20, 25, 30 years Fixed, Conventional Conforming Loans
High Balance Conforming Aka Super Conforming
Reverse mortgages up to Ten Million Value

**Rates and terms subject to change without notice

We are never too busy for your referrals.

For the most up to date mortgage news visit: Mortgage News Daily

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