Buy to Flip
Buy to Rent
Cash Out Refinance
Lending Area – Minnesota
Property Type – Residential single family houses, condominiums, town houses & 2-4 unit multifamily.
Loan Size – $25,000 to $500,000
Lien Position – First mortgage only
Borrowers – We don’t make loans to individuals for personal, family or household purposes.
Multiple Loans to One Borrower – Yes
OUR LOAN ADVANTAGES
Loan Term – Some lenders give you only 6 months to pay off the loan (and then charge you more points & a higher rate). We don’t rush you. We give you one full year allowing you time to do it right & saving you money if there are delays with renovation, resale, etc.
No hidden or junk fees – Many lenders charge you application fees, property analysis fees & repair draw inspection fees totaling $1,000 or more. We don’t. It’s your money & we help you keep more of it!
We have many loan programs to fit your needs. Are you an investor who buys, renovates & resells houses? Building a rental portfolio? Do you have properties with equity & want to get cash out for other investments? Are you a wholesaler who needs money for just a few days? New construction is booming again – need money to build a new house? We can provide the funding you need to benefit from the opportunities you find!
Here’s an example. You’ve located a single family home that’ll be worth $200,000 after you renovate it. You can buy it for $95,000. It needs $25,000 in repairs and your closing costs to buy it will be $1,000. The Berkley Group can lend you up to 65% of the after-repaired value ($200,000) which is $130,000 ($200,000 x 65%). We will wire $130,000 directly to the title company. After they pay $95,000 to the seller, deduct $1,000 for closing costs and deduct $5,070 for our loan discount points (3.9% of $130,000) there’s a remaining balance of $28,930 that’s held at the title company to be used by you as a repair draw account. In this example, you’ll have $28,930 which can be used for repairs, which you’ve estimated at $25,000, giving you $3,930 in excess funds for any unforeseen expenses. With a hard money loan from The Berkley Group you’ve purchased & renovated a property & made a nice profit on the resale – without bringing money to closing.
Don’t be short of capital when you need it. Get a Pre-Approval or Apply Now for a hard money loan from The Berkley Group. It’s fast. It’s easy. And you’ll have all the money you need for your next investment!
A hard money loan from The Berkley Group can help you buy a property that needs work, provide you funds to renovate it & give you time to get it rented & cash-flowing. You’ll now have a cash-flowing property in great condition that you can refinance with a traditional lender at a lower interest rate & for a longer term, locking in profits for you month-after-month, year-after-year.
Have access to the capital you need to build your portfolio. Get a Pre-Approval or Apply Now for a hard money loan from The Berkley Group. It’s fast. It’s easy. And you’ll have all the money you need to add that next rental property.
Or maybe you’re an investor who redeems on foreclosures. You’ve located a property that you can buy but it’s in foreclosure and the redemption period ends tomorrow at 4:30 p.m. It’s a great deal that will make you $50,000 but you need $175,000 tomorrow to redeem it. You have a relationship with a local bank & know they will lend you money, but they can’t do it in one day. Getting a hard money loan from The Berkley Group will get you the cash you need to redeem the property and give you time to obtain a loan from your local bank. You’ve saved your profit!
Having quick access to capital allows you to profit from last-minute opportunities when other investors can’t. Get a Pre-Approval or Apply Now for a hard money loan from The Berkley Group. It’s fast. It’s easy. And you’ll have all the money you need profit from any opportunity.
We work with investors who may have just completed renovating a property & have their money tied up in it. Many times they want to get cash out to buy & renovate another property. A hard money loan from The Berkley Group gives them access to the cash they need to make another investment & make more money.
Have access to the capital you need to make additional investments. Get a Pre-Approval or Apply Now for a hard money refinance loan from The Berkley Group. It’s fast. It’s easy. And you’ll be able to put your equity to work to make you more money.
Having difficulty finding properties to renovate? Maybe building your own opportunity is the answer. A hard money loan from The Berkley Group can provide the capital you need to buy an existing property, demolish it & build a new home. Get a Pre-Approval or Apply Now for a hard money loan from The Berkley Group. It’s fast. It’s easy. And you’ll have the money you need to build your next investment.