Brokers / Loan Originators

 

Property Type: Residentail Investment and small commercial properties on a case-by-case basis (call our office).  We do not lend on wood framed properties or properties that have a predominate flat roof.

Loan to Value:  65% maximum (on the lesser of the purchase price or appraised value)

Pre-Payment Penalty: None

Loan Limits:   $150,000 to $2,500,000

Interest Rate and Points:   Vary between 8% to 12% with 2%- 4% lender originator points 

Mortgage Lien Position:  First Lien Only, we do not provide second mortgages.

 

 

HOW DO I SUBMIT A LOAN FOR CONSIDERATION?

 

STEP #1:  Submit a fully completed loan application signed by all parties.  Missing information on the application form will delay the review process.  In addition, submit a fully executed sales contract (if applicable).

 

STEP #2: Submit documentation (property tax card, water bill, etc.) that shows the investor buyer/borrower currently has a primary homestead property.  We do not lend on primary properties.  We only lend on Investment properties.  Prior to closing the buyer/borrower will have to execute a Non-Homestead Affidavit that indicates the subject property loan will not become the primary dwelling of the buyer/borrower.  If a current buyer is in foreclosure on his/her primary property we will not provide financing to purchase another property. 

 

STEP #3:  CDC Financial Corp will review the above information and contact you within 24 hours.  If acceptable, we will require a non-refundable fee (varies $150-$250) to inspect the subject property.

 

 

 

NATIONWIDE MORTGAGE LICENSING SYSTEM / LICENSE NUMBERS

 

         CDC Financial Corp. : NMLS 381082

         Chris Cory : NMLS 368933