Your Source for Hard Money! ...

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Specializing in Nationwide Commercial / Residential Hard Money
                           
 Bridge, Construction/Development, Entitled and Zoned Land, Gas Staions, Mixed Use, Condo Conversions, Warehouses,  RV Parks,  Marinas, Resort Developments, Rehabs, Luxury Residences, Apartments, Single Family Residential, Office Buildings, Industrial Buildings

Investor Rehab Program in 35 States - Up to 70% of the After Repair Value.  2 week funding.  Most major states.  Pre Qual letters upon approval.  Non owner occ., 640 min credit, full doc, 20K cash reserves req.
 
Investor Rehab Program Western States  So. Ca., Az., Nv., Co., Tx., Ut.  7 day funding, 48 hour pre qual letter, no credit required, 10% down on purchase price, 2 points. Non owner occ., rehab portion reimbursed after completion. 60% LTV on the After Repair Value.
 
Investor Rehab Progarm California Only - 10% down on purchase, 10% down on rehab portion, 70% LTV on ARV, 9.9 % interest for 12 months, 5 points, up to 1 mil, full doc, for experienced rehabbers, other terms available.
 
California Construction - Lot / Land Financiing up to 60%, Loan Completion Financing (nearly completed and out of money) 60-70% LTV, Owner Builder/ Spec, single family to apartments, 60-70% LTV, to 10 mil, cost of land and construction can be combined.
 
Commerical Projects - We can handle  large commercial projects and land development.  Email your scenario today.
 
Loan Amounts beginng at 50K for Rehabs
                                          200K for Non Owner Occupied
                                          300K for Commerical
                                          425K for Owner Occupied
                                                         Outside Calif.
 
LTV's    40-50%       Zoned and Entitled Land
              65% -70%  Commercial
              65% -70%  Rehabs
              65%           Construction
              65%           Residential
 
Pricing   Deal specific depending on risk
 
Special Southen California  Fast hard money for commercial and residential loans.  60% LTV and under.  Minimum loan amount 150K.  1 week to fund.
 
Bay Area Ca. Commercial and Residential, Resi rates starting at 10 % with 70% LTV, Jumbos, No fico requirement, 1st DT 250K, 2nd DT 100K
 
These are uncertian times for the hard money industry.  Although lending across all segments of real estate has tightened, money is available at 1st Hard Money Source.  Our goal us to provide our clients with a full range of hard money options for our clients.  If you have a legitimate need and sufficient equity in your property, we can help.  All hard money loan requests will be taken care of in a timely manner with integrity and professionalism.  When time is of the essence, we will move quickly to try and meet your time frame.  We are a no nonsense, no frills, get it done company, offering competitive rates and fees.  Brokers are welcome.  We prefer email.  dukehardmoney@charter.net.  Or call Duke at 805-441-2447.
 
 
 
 
 
 
 

Email or Call Duke Jones Today

805-441-2447     805-299-1841 Fax

 

dukehardmoney@charter.net

1st HMS (805) 441-2447
A hard money loan provider operating in the state of California
Copyright 2004 1st HMS  All rights reserved
Licensed by the California Department of Real Estate License Number 00696724