Hard
Money.

A hard money loan also known as an asset based loan is traditionally used to finance the acquisition of a property, as well as improvements or renovations for real estate investors or as a short term financing solution for borrowers who can not qualify with a conventional bank.

Standard Loan Terms

Use: Purchase, refinance, cash-out, construction, renovation.

Max Loan Amount: $10,000,000 - $100,000,000

Max LTV (Loan to Value): 90%

Rate: Starting at 8.5%

Payments: Monthly Principal and Interest payments.

Term of loan: 30 Year and ARM (5/1 and 7/1)

Standard Closing Costs

Origination Fee: 1-5%

Underwriting Fee: $1,500

Legal: $750 – $1,500

Appraisal Fee: $500-$950

Title Insurance and recording fees: 1%
(Approximate)

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Standard Closing Time.

10 - 20 days.

EBSC Lending is a direct lender and does not rely on other institutions to close the loans. Once the title work and appraisal are ready, We will be too!

Standard
Requirements.

Credit Application

Last 2 bank statements (US bank account)
Copy of ID and Borrowing Entity docs (Can close under personal name or company)
Purchase Contract (If Purchase)
Property Insurance
Lease Agreement (if applicable)
Short term rentals allowed

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