Cross-Collateral Loans
"GET CREATIVE, CLOSE MORE DEALS..."
By utilizing cross-collateral loans, borrowers can leverage the equity from properties that they already own. Potentially, they can take out a loan to cover the total cost of a purchase and have some extra working capital to make some improvments or market the property as well. Cross-Collateral loans are an excellent way to get addtional capital when 65% of cost is insufficient.
Cross-Collateral Loan Highlights
> Loan Amount to $20 MM
> Purchase | Cash Out Refinance | Rate & Term Refinance
> Single Family Residence, Multifamily, Commercial, Industrial, Special Use
> Maturity from 1 - 3 Years
> Interest Only Payments
> Up to 65% LTV/CLTV or less on the all collateralized properties
> The loan would be 1st position on the property being purchased. But can a 1st or 2nd position on the property currently owned.
> Turn-time can be as fast as 5-10 days
Why Savvy Investors Use
Cross-Collateral Loans
> Increase Sales, Close More Deals
> Increase Purchasing Power with larger loan amounts
> Purchase with less cash out of pocket
> 100% of the Purchase Cost