We Work With Brokers
Our loan parameters are as follows, in general (there are always exceptions so when in doubt, please submit the application):
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Brokers points paid directly at closing: YES.
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Preferred collateral: that with a low loan-to-value ratio; can be real estate or any other type of property that has verifiable value.
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Loan terms: our standard loans are made from 6 months to 1 year; in some cases, we are pleased to build into the loan documents, the right to extend the loan term up to 2 years.
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Prepayment penalties: NONE.
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Monthly payments: interest payments only.
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Fixed or floating rate: borrowers’ choice.
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Consumer loans: NO.
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Cross collateralization allowed: YES.
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Multi-state collateral: YES.
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For other terms, please contact us directly.
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Please review the page on this website entitled Hard Money to better understand the types of loans that we review.
NOTE: The broker is never to make representations about being our employee or independent contractor, and is not able to bind LaunchPad Café, LTD. to any contract, agreement, or transaction.
In all cases, if there are multiple loans to close, the graduates of our Hard Money Broker Connections™ course will always be given preference. If you would like information about this executive broker course, please contact us directly.
Best regards,
LaunchPad Café, LTD.
steve@ymd.c85.myftpupload.com