FAQ

Hard Money Loan

What are the interest rates?


Rates range anywhere from 9-12%




What documents are required?


Each loan is unique, but typically you will need to provide:

  • Application
  • Appraisal
  • Copy of insurance
  • Scope of work (if applicable)
  • Entity documents
  • Copy of ID




Do you have any pre-payment penalties


No, we do not work with lenders who charge prepayment penalties.




What are the associated fees?


Most lenders we work with charge less than $1,500 in fees





Rental Property Loan

What documents are required?


  • Two forms of ID
  • Application
  • Copy of insurance
  • Copy of leases, if occupied
  • Entity documents




What is Debt Service Coverage Ratio?


The DSCR is a calculation that evaluates the financial health of the property. This is calculated by taking the income and dividing by the expenses.




Do you offer blanket loans?


Yes, we are able to refinance more than one property into the same loan.




What condition does the property need to be in?


The property needs to be rental ready.





 

INFO

Tel:  551-427-2390

Email: ed@thofunding.com

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