P23 Finance is a full service nationwide commercial mortgage company that works with hundreds of lenders, wholesalers, and contractors throughout the United States. With over 15 years of experience in the entire real estate industry (Investing, Construction, and Lending).
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We're one of the most flexible financing companies in the country, with over 10,000 loan programs to suit our investor's needs, and our rates are very competitive as well, starting at 4%.
***100% GROUND-UP CONSTRUCTION LOANS!!!***
Properties Allowed: Residential 1-4 Units
**100% Financing Up to 70% ARV, if land owned free and clear.
**90% acquisition / 90% construction, If land not owned free and clear . (70% ARV Max)
Rate: 11 - 12%
Points: 3 - 3.5
100% of Construction Funded in Draws
Want to flip a Property? Do you own a property free and clear, but can't find the funds to get it up to selling condition??? P23 Financing has the solution!
Minimum Loan Amount: $50,000
Minimum FICO: 600.
Rehab: Escrow Draw System Draws: Borrower requests draw. Inspector performs site visit. Disbursed upon receipt of report. Payments made for Installed Materials and Completed Labor.
Down Payment: 0% (10% of PURCHASE PRICE for new properties)
Permanent Financing we offer:
1. Bank Loans (conventional and SBA loans $1M+),
2. Bank Alternate Stated loans (these are not conventional banks and borrowers do not need to submit tax returns to qualify for these types of loans), and more...
3. ***REFINANCES!!!*** 600+ FICO, UP TO 75% LTV!!! ($50K min)
Temporary Financing we offer:
1. Renovation loans (1-4 unit investment properties and commercial properties),
2. Bridge Loans (1-4 unit investment properties and commercial properties)
3. Ground Up Construction loans (1-4 unit and commercial investment properties)...
-1-4 Unit Permanent Loan
-Nationwide Blanket Program
-SBA 504/7A Program
-Nationwide Small Balance
-Hard Money Bridge/Rehab Loans
-High LTV/LTC Loans
-All Commercial Property Types!
...and much more!
-Merchant Cash Advance
-Last Chance Program
-Purchase Order Loans
-Inventory Line of Credit
-Accounts Receivable Line of Credit
-Secured Business Term Loans
-SBA Business Loans
Apt Building / Multifamily Dwelling
Assisted Living Facility
Auto Dealership/Used Car Lot
Bed & Breakfast Inn
Commercial or Retail Building
Hotel & Motel
Mixed Use Property
Mobile Home Park
Rental Home Portfolio (5+)
Residential Condo Subdivision
Shopping / Strip Center
Skilled Nursing Facility
Special Use Property
Triple Net Property (nnn)