| HARD MONEY LOANS PRIVATE FINANCING |
| OFFERING HARD MONEY FINANCING SOLUTIONS YOU HAVE BEEN LOOKING FOR! |
| FAST REAL ESTATE LOANS FROM PRIVATE LENDERS |
| MetroSource Financial is your connection to private lenders who offer real estate loans for business purposes on the following terms: |
Private Loan Amount:$50,000 to $2 million
Private Financing Purpose: Any legitimate business purpose: Purchase, Rehab or Construction,
Bridge Financing, IRS Liens, Partner Buy-out, etc. Typically to extinquish a problem or to take advantage
of an opportunity.
Bridge Financing, IRS Liens, Partner Buy-out, etc. Typically to extinquish a problem or to take advantage
of an opportunity.
Collateral: The following types of Real Estate: Single Family, Apartments, Commercial, Mixed Use, Land.
You can cross-collateralize properties (use multiple properties for the same loan to qualify for larger loan
amount) or have someone put up additional collateral for you. We lend in Illinois and other states.
You can cross-collateralize properties (use multiple properties for the same loan to qualify for larger loan
amount) or have someone put up additional collateral for you. We lend in Illinois and other states.
Private Loan Term: These loans are designed to be used as a short-term financing solution: 1 -12 months.
You must have a reasonable exit plan.
You must have a reasonable exit plan.
Loan Monthly Payments: Interest only
Private Financing Rate: 2.50% - 3.00% per month
Points: 5 to 10 points
Private Loan Prepayment Penalty: Might apply if loan term is shorter than 4 months.
Loan to Value: First mortgages up to 70% of your property value. Second mortgages are considered
if there is an existing small first mortgage.
if there is an existing small first mortgage.
Approvals: You will get a pre-approval of your private loan in less than 24 hours after physically
viewing your collateral.
viewing your collateral.
Funds Availability: Typically within 1 week in Illinois after title work is completed.
Other Costs: Lender's attorney cost of $1,000 to $3,000, plus Title Insurance and title company closing
costs.
costs.
| Email Margaret Mocowski with a brief description of your situation, your loan request, and your contact information. We will reply promptly. Email: Margaret Mocowski We are located in Chicago, Illinois. |
