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Benworth

Private Lending Guidelines for
Residential & Commercial Property

Private Lending Guidelines for Residential & Commercial Property

  • Purchase
  • Refinance
  • Construction
  • Second Mortgage

Easy Qualification.

Easy Qualification. Fast Funding.

Fast Funding.

Download PDF

Loan Amounts

  • $40,000 to $10 million

Terms

  • 24 months, extension options available
  • Interest only payments
  • Rates as low as 9.5%
  • Origination fee as low as 2.5
  • No prepayment penalty
  • Escrow may be required

Loan-to-Value (LTV) Ratios

  • 65% on Refinance
  • 65% on Purchase (higher LTV considered)

Qualification

  • Any credit score
  • Borrower must document ability to repay
  • Property must be in Florida
  • Corporate title optional

Fees

  • $450   Underwriting
  • $350   Processing
  • $14.11   Credit ($20.33 with a co-borrower)
  • $25   Insurance Servicing
  • $85   Tax Servicing
  • $15   Flood Certificate

Title Charges

  • $750   Doc prep
  • $750   Attorney fee

Construction Loan

Financing Up To

  • 60% of Land Acquisition costs
  • 70% of Construction Budget
  • 80% of Construction Budget when land is free and clear of any mortgage

Advantages

  • Funding in a few days
  • Interest Reserve Optional
  • Foreign National Financing

Second Mortgage

Max Loan $25,000

  • Maximum loan $25,000
  • CLTV 70%
  • Zero Prepayment Penalty

Flexible

  • Up to 5 year terms
  • Rates less than most Credit Cards
  • Funding in a few Days
  • Terms 12-60 months

We need just a few things
to start your deal

We need just a few things to start your deal

• Form 1003 •
• Contract (for purchases) •

hjimenez@BenworthCapital.com
Inquire NOW
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  • The David William Hotel
    700 Biltmore Way, Suite C1
    Coral Gables, FL 33134
  • 305-444-9730

  • 221 Avenida Ponce de Leon,
    Suite 1401,
    San Juan, PR 00917
  • 787-945-0624

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© 2023 Benworth Capital Partners, LLC & Benworth Financial, LLC. All rights reserved.

Benworth Capital Partners, LLC is a licensed mortgage lender, NMLS #374363 House Equal Housing Lender.
Benworth Capital Partners PR LLC NMLS #2234263 House Equal Housing Lender.
Benworth Financial, LLC  is a licensed Consumer Finance Company #CF9901387.

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