Services & Fees

INVESTMENT PROPERTIES ONLY

 

The following is a general guide of our LTV, rate, term and fees.  These figures are subject to change.  Please contact Chris Cory directly for a detailed quote / loan proposal.

 

 

LOAN TO VALUE RATIO:  Up to 65% MAXIMUM on select properties.

 

SERVICE AREA:  Broward County, North Miami-Dade County and South Palm Beach County

 

PRE-PAYMENT PENALTY: NO

 

INTEREST RATE:  10% to 12% fixed depending on numerous factors, such as; the property location, property condition, loan size and balloon term. All loans are Interest only.

 

FEES:   

            Application fee: $100 (required for a loan proposal)

            Lender Inspection fee: $150 or higher depending on the property size & location

            Lender Loan Origination fee: $2%-4% depending on the property, balloon, and loan size

            Lender Processing fee: $250

            Lender Document Preparation fee: $250

 

BALLOONS:  We offer 24 and 36 month balloons.  Your interest rate and fees will be higher with a longer balloon term.  Our typical investor loan term is 24 months.  There are no prepayment penalties.

 

APPRAISALS:  We require an appraisal on all loans.  All appraisals must be performed by 1st Appraisal Services, Hollywood, Florida (954) 966-4477.  Appraisal fees typically range between $350 and $450.

 

 

NATIONWIDE MORTGAGE LICENSING SYSTEM / LICENSE NUMBERS

 

         CDC Financial Corp. : NMLS 381082

         Chris Cory : NMLS 368933

 

 

 

 

Contact us.