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real estate funding

Effective commercial funding begins at Position 1

Position One Funding

Feature Program: Low-Doc, Stated Income

Loan Size: $100k - $5MM
Rate: 8.5% - 10%, on average
Term: 3/30 (30-year amortization, rate fixed for three years, converts to ARM after first three years)
FICO: 650 minimum mid-score
LTV: up to 70%
Turnaround: 4 weeks, + -
Loan Type: Refi, Cash-Out, Purchase
Docs Required for Consideration: 1003 application, Tri-Merge Credit Report
Properties: SFR (Single Family Residence), multi-family, Mixed Use, Office, Retail, Warehouse, Light Industrial, Self-Storage, Auto Service, etc. (no gas stations)


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These programs are typically suited for projects in the $250K to $5 million dollar range. Additional loan programs are ready and  available for situations up to $50 MM.

 



This is a hedge fund backed loan that may be used to rehab and resell residential property. Easy application process

 



 What about projects that may require a little more flexibility in order to work?  Take a look here at a program that may be perfect.

 


Construction and land loans are available for short and longer terms. This includes a loan program with no income requirement. Land loans to $1MM; construction loans to $5MM.


Are you a loan broker seeking to place your loan with a reliable funding source?  Consider us.

FREQUENTLY ASKED QUESTIONS

In what geographic areas do you lend?

Primarily in the United States. We can also get projects funded or refinanced in other parts of North America and Europe in select instances. 


On what types of properties do you lend?
We will consider most commercial properties. Properties that are income producing tend to be better suited to our liking but that is not always the case. We do not lend or fund land acquisitions or land note refinances.


Do you charge upfront fees?
No. The borrower may be responsible for actual cost items such as appraisals or environmental assessments if those items are not currently available, but again those are direct, actual expense items that are required to evaluate the value and legality of the deal.


How long does it take,  or how soon can a loan close?

Once all required documents have been submitted, a loan closes fairly quickly.  Hard money loans can can close in many cases in 10 - 14 business days or less.  Conventional loans can close in as little as  4 weeks. Please note that each case is different based on loan complexity.


Do you work with loan brokers?

Of course.  We accept loan submissions from brokers. Brokers are protected.

(c) 2004-2020 Position One Funding. All Right Reserved.

1.877-FUNDER-1 or 1.877.386.3371

Mon-Fri 8:30 a.m.-5 p.m. EST,
email: info@position1biz.com