Hard Money Lender South Florida - Hard Equity Lender South Florida
WE ARE A DIRECT HARD MONEY LENDER.
WE MAKE LENDING DECISIONS WITHIN HOURS OF CONTACTING US.
WE ONLY LEND ON INVESTMENT PROPERTIES.
RATES AND FEES ARE ONE CLICK AWAY. SERVICES/FEES
CDC Financial Corp. is a licensed mortgage lender in the state of Florida (NMLS 381082). We underwrite, fund and service our own loans. We service the South Florida area only.
CDC Financial Corp. only lends on Investment properties to professional investors for "Bridge Loans". A bridge loan is a type of short term loan, typically taken out for 2 months to 2 years pending the arrangement of long term financing. Bridge loans are often used for real estate to quickly close on a property or take advantage of a short term opportunity. Bridge loans are typically paid back when the property is sold, refinanced with a traditional lender, the borrower’s creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur.
We do not lend to home owner's. We do not lend on primary-owner occupied properties. No foreclosure bailouts.
Our loan to value ratio (LTV) is based on a maximum of 65% of the purchase price or appraised value, whichever is less. The basic thought is the investor has to have 35% of his/her own money in the property plus closing costs.
NATIONWIDE MORTGAGE LICENSING SYSTEM / LICENSE NUMBERS
CDC Financial Corp. : NMLS 381082
Chris Cory : NMLS 368933
Please visist the NMLS Resource Center for consurmer access : www.nmlsconsumeraccess.org/