LOAN PROGRAMS
Buy to Flip
Buy to Rent
Transactional Fundin
Cash Out Refinance
New Construction

LOAN BASICS
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!

The Berkley Group makes private money loans and hard money loans in Minnesota to investors who buy, renovate & resell houses. If this is your business model, then you know how much capital it takes to have one or several projects going at the same time. And what do you do when a great deal comes along & you don't have the capital to buy it or you have all your money tied up in other projects? That's where a hard money loan from The Berkley Group comes in. We can provide you the money to buy & renovate the property so you don't miss the opportunity. In some cases, we can lend you up to 100% of the purchase price, closing costs and renovation costs, which means you bring no money to closing.

Here's an example. You've located a single family home that'll be worth $300,000 after you renovate it. You can buy it for $170,000. It needs $30,000 in repairs and your closing costs to buy it will be $2,000. The Berkley Group can lend you up to 70% of the after-repaired value ($300,000) which is $210,000 ($300,000 x 70%). We'll wire $210,000 directly to the title company. After they pay $170,000 to the seller, deduct $2,000 for closing costs and deduct $4,200 for our loan discount points (2% of $210,000) there's a remaining balance of $33,800 that's held at the title company to be used by you as a repair draw account. In this example, you'll have $33,800 which can be used for repairs, which you've estimated at $30,000, giving you $3,800 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!