You Name It, We Got It
Abbey Mortgage & Investments has extensive wisdom and experience with nearly every private money loan (hard money loan) that you can think of. We have created custom private lender loan packages for house flippers, real estate notes, business cash-outs, mini-perm loans, and everything in between. Find your loan today.
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No matter the situation, we can help fund it. With years of our time dedicated to providing high-quality private money loans, we’ve pretty much seen it all. Abbey Mortgage & Investments in Colorado can get you the funding you need to complete your project, fund your home, and more!
Owner Carry or Real Estate Secured Notes
We don’t have to be owner of the original loan to help. Many investors have paper they either originated or purchased and now would like to turn the paper into cash for other uses. If you find yourself in this position, we will want to review a copy of the Promissory Note, the property and other elements of this note purchase and value the future stream of payments and the underlying collateral to arrive at a cash price we will pay for this secured note. Yes, this generally implies a discount to the face value of the note. So if you absolutely, positively must have the full face value of the note, we probably can’t be of much assistance. However, if the cash today has value to you and your investment needs, we may be able to provide that cash in exchange for your notes.
Business Purpose Cash Out Private Money
Substantial equity positions in any investment property provide you with the flexibility to invest rapidly and take advantage of opportunities in today’s market. The cash out private money loan will provide funding for your use in new investments and allow you to make your move quickly — with cash. This allow you the time to decide if you want to pay off the private money loan or refinance it for the long term. Options abound! Loan to value will vary on this hard money loan, or private money loan, according to the property type, income stream, and other factors, but we will generally lend up to about 65% of the final value.
Easy In Fix and Flip 90/70 Program
The Easy In Fix and Flip 90/70 Program makes the acquisition a breeze. We will lend 90% of the acquisition price plus 70% of the fix-up cost of your fix and flip property. You provide the rest. The cost of this private money loan is typically 13% interest plus points and closing costs. Our loan terms provide a full year of interest-only payments, reducing the pressure to sell the home in an arbitrarily short time period. You also avoid sneaky fees in the fine print of some other Colorado hard money lenders’ programs, which are added into your payoff. Just pay our monthly interest on time and you are on the road to another profitable flip.
80% Loan to Cost Fix and Flip Loan
The 80% program is as simple as it gets. We will lend 80% of the Acquisition Price plus the fix-up cost of your fix and flip property. You provide the rest. The cost of this house flipping loan is typically 12% interest plus points and closing costs. Our loan terms provide a full year of interest only payments, giving you the time to make a smart and calculated decision. You also avoid sneaky fees in the fine print of some other hard money lenders’ programs, which are added into your payoff. Just pay our monthly interest on time and you are on the road to another profitable flip.
70% Loan to Cost Fix and Flip Loan
The 70% program is fairly straight forward. We will lend 70% of the acquisition price plus the fix-up cost of your fix and flip property. You provide the rest. The cost of this loan is typically 10% interest plus points and closing costs. Our loan terms provide a full year of interest only payments, reducing the pressure to sell the home in an arbitrarily short time period. You also avoid sneaky fees in the fine print of some other hard money lenders’ programs, which are added into your payoff. Just pay our monthly interest on time and you are on the road to another profitable flip.
Not everyone wants to fix and flip, and we are a local private mortgage company that can adjust to your needs. Some want to fix and hold, but today’s underwriting standards can make the permanent refinance or the prospect of selling a dismal experience. Our mini-perm private money loans will go out to three years in duration and provide for monthly amortizing payments until the balloon based on up to a 20-year amortization. Rates are quoted on a deal by deal basis but are intended to provide a cash flow cushion from the property. These hard money loans apply to any income producing investment property.
Cellular Tower Sites and Leases
Cellular phone sites and leases do not typically have the status of normal real estate. They can be sort of fickle. Cell companies merge, then merge systems, find redundancies, cancel leases, secure new leases to fill in weak spots and some still go bankrupt. All of the above means that they can cancel their lease with just a few months notice and, poof, they’re gone!
While that’s a good reason to sell your lease, they may continue for years and years. Of course, a more frequent reason to sell is a big bag of cash today, rather than checks here and there for months and years into the future. We will value the lease according to its location, type of site, whether the real estate is included or not, the carrier involved and the lease status relative to any debt on the property. We will move quickly and give you a price you will be happy to accept. Give us a call or email us anytime.
Fix & Flip Loans
Currently, there are huge opportunities for a fix and flip investors and fix and hold investors in both Colorado commercial and residential properties.
Our experience in this strong Colorado market niche, makes Lynx Loan Fund loans the perfect complement in this fast moving area of investment.
Fix and Flips in the residential world are known as Renovations or Repositionings in commercial real estate. Our experience with these properties makes Lynx Loan Fund a superior source of financing.
Importantly, our loan costs are up front, without the “gotcha” fees buried deep in the loan documentation.
Call or email Abbey Mortgage & Investments today for your opportunities and we will discuss your particular situation and how we can help you achieve your maximum return whether you will be fixing and flipping or fixing and holding.
We provide Spec or Pre-sold construction loans to builders who are in the business. Sadly, we will not do loans for owner-builders who plan on occupying the finished house. We lend 80% of the total construction budget based on the actual total cost to construct.
Draws are handled based on the budget and the construction progress achieved. It’s as simple as making a new draw as the bills roll in from the subcontractors. The term goes out for 10 months with easy extensions out to 14 months according to the terms of the loan’s documents. That’s ample time to complete even the most elaborate projects.
Non-Recourse Retirement Account Loans
Self-Directed IRA’s are often used to acquire real estate and may allow debt on the real estate owned by the IRA so long as the beneficiary is not a guarantor or cosigner on the loan. We can help solve that problem. With slight modifications to our loan terms, we will write these loans for the savvy investors using this tax advantaged method of owning real estate to add some leverage to their investment. We will go out to 5 years of interest only payments on these loans, with all the flexibility we provide on our other loan programs.