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Funded
Originated
States
Land Loans, Gap Funding, Primary-Residence, > 65% Loan-to-Value
* 35% minimum down payment required, seller financing in 2nd position may be considered
* Maximum loan-to-purchase price of 65%
* Property must be under contract
* Proof of funds letter provided
* Auction purchases considered
* Up to 65% funding of total project costs (purchase plus rehab)
* Experience required
* Minimum of 1 completed value-add project
* No renovation funds provided
* Maximum 65% LTC for renovation costs
* Portfolio lending not available
* Minimum of 1 property
Fees Charged:
* Site Visit Fee (refundable if loan not made without misrepresentation)
* Document Review Fee - $750
* Legal Fees - up to $3,000
* Inspection Fee - paid directly to inspector
* Title Review & Insurance Fees
* Appraisal Fee - paid directly to appraiser
* Environmental Report Fee (if required)
* Renovation Draw Fee - $1,000 per draw plus inspection costs
Third Party Fees:
* Legal Fee
* Settlement Fee
* Appraisal Fee
* Inspection Fee
* Title Fee
* Environmental Report Fee
* Renovation/Construction Draw Fee
Soviero Capital is a family-run direct hard money lender providing asset-based real estate loans. We offer same-day commitments with up to 65% LTV, no credit checks, and terms up to 3 years. We consider improved properties for purchase, refinance, and cash-out loans, with flexible guidelines when risk profiles are satisfactory.
