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A loan that is just like a bank or credit union loan – but better because we’re able to negotiate terms with more flexibility based on your individual needs and current ability to repay.
Benworth Private Loans are funded by capital from private investors. This makes the qualification requirements a lot more flexible and the closing process quicker.

For Benworth, this means loans with terms of up to 2 years to purchase or refinance property. For a second mortgage, borrowers can take up to 5 years to pay back the loan. 

It compares the size of a loan to the value of a property that you want to buy or already own. You can calculate this by taking your current loan balance and dividing it by the current value of the property.

For Benworth, this means loans with terms of up to 2 years to purchase or refinance property. For a second mortgage, borrowers can take up to 5 years to pay back the loan. 

No difference at all. The difference is only in the words that you use to describe the loan.

The past is in the past. A bank’s previous decision will not affect your ability to qualify for a Benworth Private Loan.

The amount is primarily based on the value of the property compared to the loan amount. See our loan calculators for an idea of how much you can borrow.
If you’re looking to purchase property, do any of these scenarios sound like you?
  •       You’re looking for short-term financing until another property is sold or leased.
  •       You’re waiting for a lump sum payment from an investment or legal matter to buy a property for cash.
  •       You want to close on a transaction quickly to avoid competitive bids, secure a property or lock-in an attractive price.
  •       A bank or credit union has declined your request for a loan.
  If you said yes to any of the above, a Benworth private loan may be right for you.   If you’re looking to refinance or get a second mortgage, do any of these scenarios sound like you?
  •       You need cash to upgrade your property.
  •       You just bought a property and are looking for cash to do some renovations.
  •       You own property and are looking for cash to cover the cost of repairs or upgrades.
  •       You need cash for a large purchase, tuition or other life event.
  •       You just bought a property and are looking to buy some new furniture or home electronics like a really big screen TV.
If you said yes to any of the above, a Benworth private loan may be right for you.

Hard money loans are ideal for situations such as fix and flips, land loans and construction loans. This type of loan is also ideal for foreign investors seeking low-documentation loans, borrowers with less than perfect credit or buyers who need to close quickly. Hard money loans can be funded within days instead of weeks.

Yes! Unlike with a traditional loan, qualifying for a private loan is based primarily on your ability to repay the loan and less on your credit score. Even if you’ve experienced adverse credit events, a short sale or even some types of bankruptcies, you may still qualify for a Benworth Private Loan.

You just need to have sufficient equity in the property you’re using as collateral. Calculate your borrowing ability.

First, a faster approval process means you’ll usually get a loan decision within hours.

 

Additionally, with faster closings funds are usually available in a matter of days. In many instances, you can get a competitive edge by having the funds available to secure a favorable price on real estate.

The rate is also fixed. That means you can plan to repay a fixed amount every month instead of a variable amount. And if you want to pay the loan off early, no problem. While some lenders charge a penalty for prepaying the loan, Benworth Capital doesn’t charge a prepayment penalty.

While some lenders charge a penalty for prepaying the loan, Benworth Capital doesn’t charge a prepayment penalty.

As we don’t have to perform extensive credit checks or review your credit history, a loan decision can be made much more quickly.

The documents you’ll need will vary by loan type. What we can tell you for sure is that it won’t be a lot. You’ll need a valid government ID to validate your identity. If you’ll be holding the property in an LLC or other legal entity, we’ll also need articles of organization at closing.

No, but you can if you choose to.

No worries. Benworth Capital Private Loans don’t require a lot of documents which may not be issued in your country. We will just need a valid government ID and other documents to verify your identity.

You can get a hard money loan for residential and commercial property in Florida, including single-family residential, commercial, land and industrial.

 

You can borrow funds to purchase residential property, acquire property to operate your business, or invest in income-producing real estate projects.

You would need to give a down-payment that’s equal to 35% of the property value.

Your loan-to-value ratio must be no more than 65%.

 

Here’s a quick way to calculate:

Current loan balance divided by Current Value of property = LTV

Multiply the LTV by 100 to get a ratio (or percent)

 

If your LTV ratio is too high, you can pay down your current loan amount to qualify. Or consider a second mortgage for an amount up to $25,000.

Your loan-to-value ratio must be no more than 70%. Here’s a quick way to calculate: Current loan balance divided by Current Value of property = LTV Multiply the LTV by 100 to get a ratio (or percent)   If your LTV ratio is too high, you can pay down your current loan amount to qualify.

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A Licensed Lender

Benworth Capital is a top provider of alternative credit solutions for residential, commercial and second mortgages.

About Benworth

At Benworth Capital, we see things different than banks. Whether you’re buying, refinancing or borrowing money by using the equity in your property, we see the potential. That’s why we have become the top provider of alternative loans in Florida since we opened our doors in South Florida 2008. Loans are funded by private investors who, like you, see opportunity.

© 2020 Benworth Capital Partners, LLC & Benworth Financial, LLC. All rights reserved.
Benworth Capital Partners, LLC is a licensed mortgage lender, NMLS #374363 Equal Housing Lender
Benworth Financial, LLC  is a licensed Consumer Finance Company.