LV Lending is a private hard money lending company focused on first lien position mortgage loans for business and investment purposes on residential and commercial properties in Florida. They have been in business since 2014 and financed over $150 million in transactions. Rates range from 10.5% to 12% and they’ll lend up to 60% ARV. They have an 80 rating from Credio by Graphiq and were rated 5 stars based on 1 Facebook Review.
|Business Name:||LV Lending|
|Business Address:||175 SW 7th St. Suite 2101, Miami, FL 33130|
LV Lending Rates & Terms
|Types of Properties||Non-owner occupied properties only|
|Loan Amount||No minimum / maximum amount indicated|
|Interest Rates||10.5% to 12%|
|Lender Fees||Origination fee: up to 2 points|
Administration fee: $550
Prepayment penalty of 6 months interest
|Loan Terms||2 to 3 years|
|Minimum Qualifications / Documentation||First lien position only|
Credit and background check is done
Approval is asset-based, not credit-based
Proof of paid property insurance for at least 12 months
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
Popular Hard Money Lenders 2019
Investors who want competitive rates and fast funding for residential fix and flips
Landlords wanting to refinance or grow their rental portfolio
Short-term investors looking for a good residential fix-and-flip hard money loan option
Investors who want great customer service with a local bank feel from a 44-state lender
Fix and flippers who want an alternative to LendingHome, but with a commercial component
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