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Enhanced Funding uses direct private money lending. We fund all types of loans secured by real estate ranging in size from $500,000 to $25,000,000.
Most of our loans involve borrowers or properties that do not meet bank lending criteria, but many borrowers come to us because they do not have enough time to obtain bank financing or they do not want to comply with the banks' complicated disclosure and application process. If you have been turned down by your bank or need to fund quickly, we suggest you submit your loan online to see if you qualify for financing through our program. We fund primarily on the value of the collateral and not based on the borrower’s credit or income.
For improved property, we typically loan no more than 65% of the current market value. With regard to raw land, we typically fund up to 50% of the current market value, although we can fund more if the property is ready for development. For construction loans, we typically fund 85% of the combined cost of the land and improvements, not to exceed 65% of the projected value. We can also cross-collateralize other properties to achieve the necessary loan-to-value and have no problem with a second lien mortgage behind our first lien. Borrowers may borrower personally or through their corporation or limited liability company.
Ready to apply or want more information? Please contact us at 800-380-0635 tell us when we should call you back, or send us an e-mail to info@enhancedfundingllc.com and we'll respond within 24 hours but generally much sooner. |
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