NEW ROAD, SAME DESTINATION When it comes to financing high-dollar investment properties, taking the unbeaten path will reveal a whole new world to discover. Jumbo private money loans are in demand now in today’s market, more than ever, and this type of loan offsets the major pain points of a true non-conforming conventional mortgage. Easy Qualification: Lower FICOs, stated income and stated assets make the approval process a breeze. Debt-to-income (DTI) is not an issue, and yes, this means no W-2s are needed! Higher Leverage: Expect up to 80% loan-to-value (LTV), compared to conventional lenders’ 65% max LTV for jumbo loans. Equity Options: With healthy equity, cross-collateralization is a great opportunity to recapitalize and continue to grow your real estate wealth. Private lenders such as CIVIC Financial Services can cross up to 10 properties under one single loan (with no limit of loans). Portfolio Growth: With DTI not an issue, investors can take out multiple loans – extending leverage without tying up cash. Faster Turn-Times: A jumbo loan takes much longer than the average conventional mortgage. With a jumbo private money loan calling for less documentation and less stringent requirements, investors can expect a much faster process. Hybrid Appraisals: Getting a full appraisal on a jumbo loan can be complex, time consuming, and expensive (over $3,000!). Hybrid appraisals, offered by lenders such as CIVIC, start at just $399 for up to a $3 million loan amount – resulting in faster value, and a faster process.
WHEN REAL ESTATE INVESTORS Go Big, Lender Spotlight:
Jumbo CIVIC THINKS
Whether it’s acquisition, recapitalization, or lowering costs – it’s no secret that hard money can be a true and valued source for real estate investors’ goals. High-priced homes require jumbo loans, and CIVIC Financial Services has its clients covered. Dive into the details of an actual CIVIC jumbo loan and take a peek inside this one-of-a-kind property!
LOAN AMOUNT: $9,000,000 LOAN TYPE: CASH OUT REFINANCE
OTHER TERMS: 12 MONTHS OF INTEREST PAYMENT RESERVES Newly constructed for today’s modern living, this property, along with its sweeping ocean views up the coastline is a true one-of- a-kind home of luxury. Upon its completion, the borrower and talented developer was in need of capital. While prepping to get this stunning 8,900 sq ft. contemporary estate on the market, he was looking to use the capital to reimburse his investors. Without requiring all of the documentation and time that a traditional jumbo loan would take, CIVIC was able to provide this savvy investor with a fast and simplified process to get the deal done within his timeline!
THINK BIG, GO JUMBO Jumbo private money loans are secured by real estate , and this, in and of itself, opens the door for investors to grow their real estate investment portfolios without tying up assets. This funding source allows you to tap into luxury and competitive markets, only without all of the steep criteria and slow timelines. So when a high-dollar opportunity presents itself, make sure you’re jumbo private money loan is teed up and ready to go.
CIVIC Financial Services, LLC is a leading institutional private money lender specializing in financing non-owner-occupied investment properties. CIVIC helps investors leverage opportunities to grow their real estate portfolios and build wealth through real estate. For more information, please visit www.civicfs.com. ©2021 CIVIC Financial Services, LLC. All Rights Reserved. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. CIVIC Financial Services, LLC reserves the right to amend rates and guidelines. NMLS ID 1099109. Loans made or arranged pursuant to a California Finance Lenders Law License 603L321. AZ Mortgage Broker License 0928633. OR Mortgage Lending License ML-5282. See www.civicfs.com/Licensing.
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