Here are some Wisconsin specific facts from your #1 hard money lender:
HARD MONEY LOAN SIZES: From $15,000 to $50 Million on residential and up to $1B on
commercial loans
LOAN FEES: From 0 to 5 points is typical depending on loan risk. ($5K minimum in fees applies)
LOAN TERMS: From 1 month to 30 year terms
PAYMENT OPTIONS: Fully amortized, interest only or payment deferred monthly payment options are available
PROPERTY TYPES: All residential, commercial, land and related real estate properties are considered
MAXIMUM LOAN TO VALUE: Up to 75% on a single property or 100% using cross-collateralization
NO CREDIT NEEDED: We loan to any FICO score borrower, from 0 to 850
BROKERS: Referral compensation is available for mortgage brokers
CLOSING: Generally 3-30 days from receipt of all needed docs for underwriting
The main cities in Wisconsin are all covered for hard money, including: Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Oshkosh, Eau Claire, Janesville, West Allis, La Crosse, Sheboygan, Wauwatosa, Fond du Lac, Brookfield, New Berlin, Wausau, Beloit, Greenfield, Menomonee Falls, Franklin, Manitowoc, Oak Creek, West Bend, Superior, Sun Prairie, Mount Pleasant, Caledonia, Neenah, Stevens Point, Mequon, Watertown, Muskego, Fitchburg, De Pere, South Milwaukee, Grand Chute, Germantown, Marshfield, Pleasant Prairie, Cudahy, Wisconsin Rapids, Ashwaubenon, Menasha, Middleton, Howard, Onalaska, Beaver Dam, Menomonie and Kaukauna, WI.