Brokers / Loan Originators
Service Area: Broward County, North Miami-Dade County and South Palm Beach County
Property Type: Residentail and small commercial 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: $50,000 to $500,000
Interest Rate and Points: Vary between 10% to 12% with 4%- 6% loan 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 1003 loan application signed by all parties. Missing information on the 1003 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