loan programs and info

LOAN PROGRAMS AND INFO

WWW.PRIVATEHARDMONEY.LOAN

PRIV A TE LENDING & HA RD MONEY

The biggest problem facing real estate investors is where to find the money to fund their deals. Private Hard Money Loans provides swift and reliable capital for real estate investors in all property types, with a funding solution for investors of all experience levels. We lend our own money and where we don’t, whether by size or location, we have relationships with institutional and private money capital providers that lend nationwide.

Take a look at some of the info in this booklet and our many programs available for rehabbers, renovation specialists, wholesalers and rental investors.

CA SH, CREDIT OR EXPERIENCE

Keep in mind the three basic building blocks to funding an investor loan. You may have a smoking deal at a great price, in a great area with potential profits through the roof. But, in addition to the property’s deal specifics, your lender or JV partner will also look to these basic building blocks to decide how much or even whether or not to fund. Have all three and you have a grand slam. Have one or two and adjustments will be made with your LTV, rate and/or loan amount.


Your funding partner will look to see if you have cash as down payment, repairs or reserves. Most private, hard money or bridge loans require that the investor have some sort of “skin in the game”. We can fund up to 90% loan-to-cost, depending on the deal and how many building blocks the borrower has. Don’t worry, if you have zero cash but have experience, we can fund on our 100% JV partner program.

CASH


No matter what you may hear from gurus or online forums, most, if not all private and hard money lenders will check credit to get an overall picture of the investor’s credit history. Most lender’s don’t want to own the property, and will make sure they have a complete picture of their borrower before funding a loan. Although many loans are without recourse, most of the loans in our programs require a guarantee by the borrower. Most of our programs allow for a minimum of 580 credit score, with funding getting easier in the 620+ range. If you have bad credit, expect to bring more cash to the table and a slightly higher rate, as we adjust our loan amounts according to credit risk.

CREDIT


The final building block your funding partners will look at is how much rehab experience you have. The more renovation and rehab experience you have, the better your LTV and rate will be. We look at provable experience by how transactions within a 12 month period. But don’t worry if you’re just starting out. We have excellent programs for new investors and advanced investors alike.

EXPERIENCE

FUNDING PROGRAMS “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.” - Warren Buffett

Z ERO EXPERIENCE™ BRIDGE LOA N We call it the Zero Experience™ Loan because this program allow new rehabbers to get financing. Another great feature of this program is that wholesalers can use their recently closed assignment deals as over-all experience, allowing for better rates and a higher loan amount. This loan truly helps wholesaler become real estate investors and rehabbers.

PROPERTY TYPE:

SFR, 2-4 units, condos, townhomes, PUDs

LOAN-TO-VALUE:

Up to 90% of purchase price, not to exceed 80% of as-is value

TRANSACTION TYPE:

Purchase or refinance

REHAB HOLDBACK:

Up to 100% of project cost

INTEREST RATES:

As low as 7%

LOAN TERM:

6 or 12 months

ORIGINATION POINTS:

Not to exceed 4%

RATE TYPE:

Fixed rate, interest only

JUNK FEES:

None, legitimate 3rd party fees charged at cost with no mark-ups

PREPAYMENT PENALTY:

None

AVAILABLE IN ABOUT 40 STATES NATIONWIDE

THE 12n12 REHA B LOA N Easy to understand terms and underwriting. The 12 in 12 rehab loan is simple. Having done 12 or more rehab deals in 12 mos. gets you the best pricing. Keep your price, repairs and fees under 70% of ARV. Only bring 10% to the table as down payment. The minimum middle FICO on the 12n12 Rehab Program is 620 and this is a recourse loan with 7 to 10 day closings. Like the Zero Experience Loan, this program is great for wholesalers who have captured a great deal and want to take it down themselves instead of giving their profit away. PROPERTY TYPE:

SFR, 2-4 units, condos, townhomes

LOAN-TO-VALUE:

Up to 70% of ARV (after-repairvalue); 90% loan-to-cost

TRANSACTION TYPE:

Purchase or cash-out refinance(at 50% ARV)

REHAB HOLDBACK:

Up to 100% of project cost

INTEREST RATES:

10 - 12%

LOAN TERM:

13 months

ORIGINATION POINTS:

Not to exceed 4%

RATE TYPE:

Fixed rate, interest only

None, Appraisal $375 - $575

PREPAYMENT PENALTY:

None

JUNK FEES:

AVAILABLE IN ABOUT 30 STATES NATIONWIDE

THE RENTA L 30 LOA N Rental property investors and owner are on the rise. Before a couple of years ago, you had to go to your local bank, or submit to Freddie and Fannie's tough investor qualifications to purchase or refinance a rental property. We have a few different programs for rental properties. You need a slightly higher FICO at 630+ and some reserves in the bank. These programs will allow up to 95% of your rental payment to go towards the property’s DTI. PROPERTY TYPE: TRANSACTION TYPE: INTEREST RATES: ORIGINATION POINTS: JUNK FEES:

SFR, 2-4 townhomes

units,

condos,

LOAN-TO-VALUE:

Up to 75% LTV max


SEASONING:

2 months assets 12 months properties

6 - 9%

MIN/MAX LOAN AMOUNT:

$45,000 min / No maximum

Not to exceed 4%

RATE TERM:

None, Appraisal $375 - $575

PREPAYMENT PENALTY:

TYPE

AVAILABLE NATIONWIDE

AND Fixed rate, amortized Yes

30

year

fully

THE RENTA L PORTF OLIO LOA N

If you have 5 or more stabilized, fully rented properties, we offer you the ability to bundle them all together and purchase or refinance with this “Leased Backed” loan. This is basically the Rental 30 program in portfolio form. You need a FICO at 620+ and some reserves in the bank. These programs will allow up to 95% of your rental payment to go towards the property’s DCSR, but the ratio must be at 1.25x. For new rental investors we have an accumulation loan, where you can purchase one or more property at at time with our Rental 30 financing. When you accumulate five or more properties within 12 months, we will convert your portfolio into this “Leased Backed” portfolio loan.


THE RENTA L PORTF OLIO LOA N

PROPERTY TYPE:

TRANSACTION TYPE:

INTEREST RATES: ORIGINATION POINTS: JUNK FEES:

SFR, 2-4 townhomes

units,

condos,

LOAN-TO-VALUE:

Up to 80% LTV max


SEASONING:

Min 3 months assets sourced and seasoned Leases seasoned & on 12 mo. contracts.

5.75 - 10%


250k min / No maximum

Not to exceed 4%

RATE TYPE AND TERM:

Fixed rate, 30 year fully amortized

None

PREPAYMENT PENALTY:

Yes

RENTAL PORTFOLIO AVAILABLE NATIONWIDE

INV ESTOR LINE OF CREDIT

Certainty of capital is the ultimate goal of all real estate investors. If you’re experienced and have a track record, we make available our line of credit. These are revolving or non-revolving, giving you the ability to purchase REO or foreclosure properties quickly and with minimal fuss....even on the courthouse steps. Minimum FICO 620+ We love doing these lines because they represent to us the fulfillment of an investor’s hard work. Do some flips, build a solid track record and let’s get you into a line of credit to take down your pipeline of deals.


INV ESTOR LINE OF CREDIT

PROPERTY TYPE: TRANSACTION TYPE: INTEREST RATES: ORIGINATION POINTS: JUNK FEES:

SFR, 2-4 townhomes

units,

condos,

LOAN-TO-VALUE:

Up to 80% LTC max


SEASONING:

Min. 3 mo. assets sourced and seasoned

8 - 11%


$1m - $50m

Not to exceed 4%

RATE TYPE AND TERM:

Fixed rate I/O – 12 -24 mos.

None

PREPAYMENT PENALTY:

No

INVESTOR LINE OF CREDIT AVAILABLE NATIONWIDE

JOINT V ENTURE PROGRA MS Sometimes placing debt on a property isn’t the answer and you’d like to joint-venture up with a money partner. These programs bring full capitalization to your projects, quickly and easily paying a preferred return on the money invested by both partners and splitting the profits. Usually 50/50. This program is available nationwide on SFR and small multi-family properties under $1m. Time to close is usually 20-30 days, so no short fused deals here. No minimum FICO scores on these deals, but be prepared to submit a real estate bios along with a track record spreadsheet showing your deals for the last 24 months.

THE 75 – 90% JOINT VENTURE We have a few investors willing to partner up here with rehab investors of all experience levels. Expect a 7-12% preferred return and a 50/50 profit split after all the fees and expenses are paid. Expect 2-3 points in origination fees to set this up.

THE 100% JOINT VENTURE For our very experienced rehab investors, we offer a true zero down funding program. Expect to pay a 10-14% preferred return and a 50/50 split. Origination fees are 2-3 points.

NON-PERF ORMING NOTE POOL F INA NCING Are you in the non-performing note business. Have you been a note broker or buyer, have some deals under your belt and are looking for a solid source of money to take down your deals? This innovative term loan product is one of our newest flagship programs and completely unique. Use our loan to purchase pools of non-performing notes. Please submit investor Bio and track record spreadsheet along with breakdown of note pool you’re looking to purchase. The upside is you will have a solid tool to leverage your note pool purchases and take your investing game to the next level without relying on sourcing JV money from friends or family.

JUDICIAL STATES: max 65% LTC or LTV (BPO) NON-JUDICIAL STATES: max 75% LTC or LTV (BPO)

Floating Rate 9-11% Term is 3 -5 yrs. Interest Only

No minimum/$250m max Five (5) note MINIMUM in pool required for funding

1-4 points – Collateral, location and investor experience dependent

UNSECURED BUSINESS LINE OF CREDIT Done for you line of credit program offering to secure a minimum of $50k in business credit for you to use in your deals. This money can be used for whatever you like, working capital, marketing, purchasing real estate, buying notes, private lending etc.. Best of all, this is business credit with no effect on your personal credit reports. This is a full 12-month business credit building program designed to get you access to much needed cash. We offer two different programs, one with a refundable upfront fee and a pay-as-you go program. This service is supplied by a leader in this industry with excellent reviews by business people and real estate investor who have successfully used this program. $50k - $250k in unsecured business credit lines within 30 – 90 days. 0% interest rate on lines for the first 1218 mos. Then lines generally at 8-10%.

12-Month counseling program to build business credit included, with Dun and Bradstreet number, business trade lines and business loans.

PROGRAM #1 – Upfront Fee $3500 (Split payments available) – Refundable if unsatisfied within 60 days. No further payments to be made on the program.

PROGRAM #2 – Pay as you go. $1 upfront fee for credit monitoring service. You pay 10-11% of the amount of credit secured for you. Min FICO 720.

ABOUT Mark A. Rios founded Trisource Capital, LLC as a discretionary capital firm, supplying debt, mezzanine, preferred equity and other structured financial products to commercial owner/operators in the lower middle market and small balance space. Mr. Rios has an extensive background as a real estate investor, CA licensed realtor and licensed mortgage originator, since 2003. In early 2015 Mr. Rios founded Trisource Capital Investments to purchase nonperforming and performing notes nationwide, acquiring and trading one-off’s pools of single family, multi-family and commercial whole loan product for the company’s own portfolio. Private Hard Money Loan is an extension of Trisource Capital’s work in the mortgage loan business, lending on non-owner occupied SFR homes using money from Trisource Capital’s balance sheet, personal money and acting as direct intermediary to institutional capital providers to place the perfect loan with it’s perfect funding partner. TSC’s first $3m hard money fund to be launched in mid to late 2017.

WWW.TRISOURCECAPITAL.COM

STEP BY STEP TO F UNDING

STEP 1

Borrower calls, emails or submits a funding request online at PrivateHardMoney.Loan

STEP 2

We will price out your deal and submit for a preapproval within 24 hrs.

STEP 3

Borrower signs LOI/Conditional approval phase. Gathers docs for underwriting

STEP 4

Funding and closing occur within 30 days, depending on program

FACEBOOK: @TrisourceCapital TWITTER: @TrisourceCap

PHONE: (323)617-5037 MAIL: [email protected]

WWW.PRIVATEHARDMONEY.LOAN