Soft Money Loan
A soft money loan requires more underwriting than a hard money loan, allowing it to have lower rates and greater security. It is based on both the borrower’s credit score and the property’s LTV, and is usually a term loan rather than a bridge loan.
In the context of lending, the term ‘soft money’ implies that this type of loan falls somewhere between a hard money loan and a traditional mortgage.
- Investment Properties Only: Single-Family, Condos, Townhomes, Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse
- Rates Starting at 6.99%
- $100K – $5M
- Up to 80% LTV
- Blanket Loan Options Available
- Fixed rates/Adjustable
- 5/1 ARM, 30 Year Fixed
- Interest Only Option Available
- Foreign Nationals Eligible
- No Prepayment Penalty Option Available