"Jack Blythe is a pleasure working with. Jack ensured that I was updated throughout the closing of my deal. His thoroughness, professionalism, communication and attention to detail are exemplary and gave me assurances for the success of the closing of my investment property and indeed it was a success. If I can give more than 5 stars, I would."
Shaolin Preacher
Investor
LandLord Loans
Our mini-perm loan was designed for the occupied and cash flowing property that is not quite ready for funding through a permanent or conventional lender. The loan term is 60 months (5 years) and can be paid off at any time without penalty.
| Rates & Terms | |||
|---|---|---|---|
| Loan Amount | 70% of Market Value | ||
| Origination Fee | 3% of loan amount (payable at closing) | ||
| Interest Rate | 9% interest rate | ||
| Amortization | 20-year amortization | ||
| Pre-Payment Penalty | None | ||
| Term | 60 months (5-year) with a balloon | ||
| Qualifications & Requirements | Lender Specific Closing Costs |
|---|---|
| 620+ Credit Score | $450 Processing Fee |
| 3 Months Bank/Investment Statements | $350 Administration Fee |
| Liquidity = 20% Loan Amount on No-Cashflow Assets | $50 Wire/Courier Fee |
| Two Years Tax Returns | |
| Completed PIL Loan Application |