At M&M Private Lending, LLC, we pride ourselves on being direct, asset-based lenders offering hassle free hard money loans to our clients within a short amount of time. Many prospective clients have asked us what our general requirements and terms are. Here is what you need to know:
- Loan amount: from as little as $50,000 up to $2.5 million.
- Up to 65% LTV
- Interest only 12 to 36 month terms.
- Residential investment property.
- Interest rates begin at 10.5%.
- Monthly payments will include interest and taxes.
- Appraisal is required by our lender appraiser.
- Compliance outsource fee is $350 on HUD
- M&M Processing fee is $350 on HUD
- Underwriting fee is $750 on HUD
- Lender origination may varies.
- There is no prepayment penalty.
As asset based lenders, we do not require any of the following:
- Bank statements
- Tax returns
- Credit report
Speaking of clients, we recently closed on two private money deals in North Miami Beach and Miami. The first is a $72,000 cash out loan to an investment company for a condominium. The other is a $239,250 loan to 4770 Biscayne Blvd Unit 950 LLC.
This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group.
With over three decades of experience specializing in private money real estate loans, we take pride in delivering a personalized service to our esteemed clients while providing low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at https://mmprivatelending.com to fill out an application form.
M&M Private Lending Group Florida offers tailored private lending solutions, providing flexible private financing options in Florida for individuals and businesses in need of quick and reliable capital. Whether you’re exploring the private lending process in Florida or seeking a customised private loan, M&M Private Lending Group in Florida is dedicated to offering competitive rates and personalized service to meet your unique needs.
