Soft Money Loan
Close faster with a soft money loan with longer terms, minimum documents, and lower interest rates than hard money loans.
Benefits of Soft Money Loans
- QUICK & EASY PROCEDURE: THE BORROWER GETS NOTIFIED QUICKLY IF THEY QUALIFY
- LOW-INTEREST RATES: SOFT MONEY LOANS CAN BE EASILY AVAILABLE
- SOFT MONEY IS USUALLY LONGER TERMS
Soft Money Terms
- $250K - $2.5MM
- ACQUISITION & REFINANCE
- 5 - 30 YEAR TERMS
- COMMERCIAL REAL ESTATE
- UP TO 50% - 65% LTV (SOME CASES 70% IN TX) (UP TO 80% - 85% CLTV 'COMBINED LOAN TO VALUE; SELLER MAY HOLD 2ND LIEN)