RESIDENTIAL LOT / LAND LOAN
This program is designed for Borrowers in need of financing to purchase a residential lot. Residential lots must be eligible for present or future new construction. Construction financing is also available.
Loan amounts from $35,000 to $1,000,000
Loan amounts up to 75% of the purchase price in improved subdivisions, where construction will begin immediately after acquisition, otherwise up to 65% loan to value. Please call for a quote. (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
Foreign Nationals are eligible for this program
Deal directly with the Loan Officer/Underwriter
Pre-qualification typically within 3 to 5 business days
Closing typically within 21+/- days subject to receipt of required documentation
No minimum acreage requirement or maximum limitations
Loans are available to Borrowers with excellent to less than perfect credit
Residential zoned land
Limited income documentation available at 40% loan to value or less
Up to 5 year terms
COMMERCIAL LOAN
Fast pre-approvals within 3 to 5 business days
Loans available to Borrowers with excellent to less than perfect credit
We offer Non-Conforming (Non-Bankable) loans on commercial properties for:
Bridge Loans
Short Sales / Bank Workouts
Bankruptcies / Foreclosures
Limited Documentation Available
Weak personal financials
Property Types
Multi-Family (5 – 25 Units)
Retail Building
Light Industrial
Office Building
Medical Building
Mobile Home Parks
Other types considered
General Terms*
Loan Size: $100,000 to $2,500,000
Pre-payment: Allowed without penalty
Term: 1 to 5 Years
Loan to Value: Typically 55% to 70%, however, up to 75% possible on high quality properties and/or high quality Borrowers. (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
Minimum cash down from Borrower: 25% down on the purchase price plus closing costs
Owner and non-owner occupied commercial properties are eligible
CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.
Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.
Got a Loan Scenario? Email scenario to info@pmccanhelp.com.
Apply Online and get pre-approved www.pmccanhelp.com.
PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.
Visit Our Website: www.pmccanhelp.com
FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.
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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823
Platinum Mortgage Company 