Fast & Efficient Financing
Finance It
Don’t miss your real estate opportunity to a restrictive traditional loan. Presidio Mortgage provides non-conventional financing for your unconventional life. Private money loans are made by individuals or private groups. Borrowers use private money when a conventional loan is inconvenient or unobtainable. We lend on real property. Our loan size is typically $100K to $3M and range from one to five years.
Types of Loans We Fund
Apartments and Mixed Use Loans
Loan-to-Value: 65-70%
Interest Rate: starting at 6.5%
Loan Term: 1 to 5 years
Land Loans
Loan-to-Value: 50%
Interest Rate: starting at 8%
Loan Term: 1 to 3 years
Home, Condo, and Townhome Loans
Loan-to-Value: 70%
Interest Rate: starting at 6.5%
Loan Term: Up to 30 years
Commercial Loans
Loan-to-Value: 65%
Interest Rate: starting at 7%
Loan Term: 1 to 5 years
“Without your assistance at a very critical point in time, I most likely would have lost the property […] I was able to recover about all I had put into the property. I actually came out ahead. This was nothing short of a miracle.”
We Can Help
There are a number of reasons why borrowers use private money loans.
At Presidio, we offer flexible and creative loan structures to help you reach your real estate goals.
Your loan will be evaluated within a matter of hours. We do our own underwriting. With no upfront fees and minimal paperwork, we can close in as little as three business days.
Do you need funds quickly? We can help if:
You worry about losing a deal or property due to not having financing
You need cash to move quickly on a foreclosure or short sale
There’s a short escrow period and not enough time to deal with a conventional lender
We can help if a conventional bank loan is not for you.
Self-Employed
Foreign National
Have loans on other properties
Had a recent short sale
Recent bankruptcy
Recent foreclosure
Less than stellar credit
Want to hold title in a LLC, Corporation or Trust
FAQs
What is the interest rate on a loan through Presidio?
There are a variety of variables (Loan-to-Value ratio, credit of the borrower, condition of the property, etc.) that determine the interest rate to fund a private money loan.
Do I need an appraisal on the subject property?
An appraisal is typically not necessary. We use comparable properties in the area, pictures and a drive-by to determine the property’s value.
What does my loan-to-value ratio need to be?
Loan-to-Value (LTV) is the single most important factor in determining whether we can or cannot fund a loan. To secure funding through Presidio, we usually require a LTV of 70% or under.
Are there points associated with the loan?
Yes, these are paid by the borrower at the time of closing. Typically, the origination fee is 1-1.5% of the loan amount.