Hard and Private Money Commercial and Residential Real Estate Funding

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Blazevic Funding offers hard and private money loans with no money down and with poor or no credit. Find cash flow properties and rehabs too.

Hard Money Loans

Please Note: Our Programs are for Members Only and are subject to change at any time with or without notice by mail, email, posting, or any other means of communication, and are additionally subject to availability of funds. Additional documentation may be required from client. Membership does not constitute a commitment to lend and is not an extension of credit.

Investors, we fund rehabbing, up to 65% ARV. Sellers can use this program to extend owner financing. Private Money and Hard Money Loans are considered for funding based primarily on your ability to repay, and the type of property and its value. Down payment may be required.

No Money Down Programs Available

Our members often purchase with “No Money Down.” This happens when the purchase price plus rehab money is 65% or less of the After Repair Value. These deals do exist, and you can buy with no money down, when you locate them.

PROPERTY TYPE:

Residential 1-4 Family, Non-Owner Occupied.
Condos case by case; must be certified.
Commercial projects, call to discuss.

LIEN POSITION:

First Mortgage only.

LOAN TERM:

6 Months. Case by case on extensions - will go back to underwriting for approval. Additional fees will apply.

LTV / ARV:

Up to 65% of After-Repair Value dependent on area. (some areas max 50%). Up to 100% financing.

RENOVATION FUNDS:

100% of renovation funds are typically advanced in 1 to 4 draws. No minimum or maximum on draws. Once inspector certifies work done, funds are dispersed within 48 hours.

FEES / PRICING OPTIONS:

Based upon the structure of the deal, will vary on project. Closing costs are the responsibility of the borrower

INTEREST PAYMENTS:

Case by case payments may be rolled into loan.

QUALIFYING DOCUMENTATION:

Rehab Loan Application including:

  • Credit scores do not matter however credit may be reviewed
  • 3 Sold MLS Comps within 60 days or file will be declined
  • Time on market for area within 180 days or file may be declined
  • Must show the ability to make a minimum of 6 monthly payments

LOAN DOCUMENTATION:
(for each loan)

  • If under a company name - Entity Documents (EIN#, Certificate, Articles of Organization/ Operating Agreement). Personal Guarantee will be required.
  • Purchase Agreement (signed by both parties).
  • Summary of Rehab Work to be Completed (document)
  • Additional Information May be Required

LOAN AMOUNT:

No minimum. Up to $300K, higher amount by exception.

More than one deal at a time may be allowed (case by case) however, down payment may be required on additional projects

Join The Blazevic Funding Group

  • Investment Expertise
  • Blazevic Funding group has over a decade of experience in helping investors...read more »

  • No Credit Check and Seller Financing
  • Turned Down For A Mortgage? Bad Credit? No Credit? Debt-To-Income Ratio Too High? We may have a solution for you! ...read more »

  • Cash Flow Properties
  • How would you like to have positive cash-flow properties in your portfolio, without many of the hassles associated with finding, screening, and retaining qualified tenants, and without the frustrations of dealing with property management companies?...read more »

  • Investor Rehabs
  • We have access to investor rehab properties and will fund the purchase and construction costs based on our rehab criteria...read more »

  • We Buy Homes
  • If you need to sell, contact us, we have many investors interested in purchasing properties, read more »

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