Loan Documents for Private Money loans can vary greatly from traditional institutional loan documents. These documents may need to include multiple investors, and often have different compliance issues associated with higher cost Hard Money lending.
Loan Document Types
- Residential Senior
- Residential Junior
- Small Commercial
- Large Commercial
- Small Construction
- Large Construction
- Manufactured Housing
- Land
- Fixed Rate
- Variable Rate
- HELOC
- Land Sale Contract
The fees for the different types of Private Money loan documents can vary widely, but usually run about $550 for a standard set of compliant documents matching the specific loan purpose and type.
It is strongly recommended to use compliant documents specifically designed for Private Money lending. FCI Lender Services does not create loan documents in house, but rather refers clients to select special purpose vendors. Some of these selected vendors create per case documents, others provide software. Please go to Request Info to request more information on this.
