Acquisitions and Purchases
We offer a variety of real estate acquisition loans which you can use to purchase a wide range of properties.
Truen & Michaels, LLC offers the best selection of bridge loans and conventional financing in all 50 states. No matter where your project is located, and what type of real estate project you are looking to finance, we can match you with the loan program which will help you achieve your goals.
Fix and Flip/Rehab |
New Construction |
Cash Out Refinance |
Rental Property Loans |
Permanent Financing |
|
---|---|---|---|---|---|
Experience Level |
Any | Any | Any | Any | Any |
Credit Score |
600 | 600 | 600 | 600 | 600 |
Interest Rate |
Low as 7% | Low as 7% | Low as 7% | Low as 7% | Prevailing Rates as low as 3% |
Points |
0% - 2% | 0% - 2% | 0% - 2% | 0% - 2% | 0% - 2% |
Advance Rate on Purchase |
Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
Advance Rate on Rehab or New Construction |
100% of cost | 100% of cost | 100% of cost | 100% of cost | 100% of cost |
Cash Out Refinance on Current Value |
Up to 100% | Up to 100% | Up to 100% | Up to 100% | Up to 100% |
Loan % to After Rehab Value |
Up to 80% | Up to 80% | Up to 80% | Up to 80% | Up to 80% |
Property Types |
Multifamily, SFR, Land, Medical | Multifamily, SFR, Land, Medical | Multifamily, SFR, Land, Medical | Multifamily, SFR, Land, Medical | Multifamily, SFR, Land, Medical |
Extensions Available |
Yes | Yes | Yes | Yes | Yes |
Cross Collateral / Blanket Loans |
Yes | Yes | Yes | Yes | Yes |
Loan Size |
Up to 10M | Up to 10M | Up to 10M | Up to 10M | Up to 150m+ |
Loan Terms |
12 - 24 Months | 12 - 24 Months | 12 - 24 Months | 12 - 24 Months | Up to 30 Years |
Our Bridge Loan and Hard Money Loan products are designed to provide fast cash to our borrowers. We offer the most competitive products nationwide, with a distinct focus on the New York-Tri State Area and South Florida. We can work with you to structure a loan fully customized to your needs.
Get short-term financing and fast cash when you need it. You can pay down your loan on a schedule which is right for you, with optional extensions available, and without worrying about big prepayment penalties.
We offer a variety of real estate acquisition loans which you can use to purchase a wide range of properties.
Build a new residential or commercial property using one of our construction loans. We can provide up to 65% financing for land acquisition and up to 100% of construction cost.
We provide immediate cash to consolidate debt or purchase a new property. Receive cash out up to 100% LTV for residential, mixed use and commercial properties.
We offer our flagship bridge product as well as 30-year term loans for investors for 1-4 family homes, mixed use buildings, multifamily, condominiums and SFR. Our loans provide Borrowers with proceeds up to 80% LTV for purchases and cash out refinance with prevailing rates as low as 3% for term loans and as low as 7% on our flagship bridge product.
Purchase or refinance mixed use properties. We offer competitive rates and can close immediately.
Our financing products make it easy to close fast on a multifamily assets. We also offer multifamily construction and rehabilitation loans.
We offer an assortment of lending products for every commercial real estate need. Whether you need to purchase real estate, rehabilitate a building, construct new property, or buy a vacant lot, we can offer a solution for every timeframe and scenario.
While many of our commercial lending products are short-term in nature, we do offer permanent financing for those who are looking for a long-term lending solution. For a long term financing solution loan terms of up to 30 years are available.
Our SBA Financing products can reach up to 90% LTV, with highly competitive rates.
Conventional financing – provide SBA Financing, up to 90% LTV for Owner Occupied properties.
We offer the most flexible financial products in the business. Whether you need help choosing a loan product or you are ready to apply now, please email info@truenmichaels.com to get started. We look forward to working with you.