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DISCOVER LENDING OPTIONS
 No Appraisal Program 

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Description:

Only Bridge (For Acquisition) and Cash-Out Refinance Loans (No Rehab Loans)

The primary benefit of a no-appraisal loan is cost savings.  This loan is especially valuable for Real Estate Investors who are eligible and fit the criteria.

 

Real Estate Investors are responsible for the costs of an appraisal, which tends to cost several hundred dollars at a minimum. When no appraisal is necessary, this is a cost that's avoided.

 

Park Rock Capital's No Appraisal Program is truly a bridge loan designed for investors who want to close deals fast within days.

 

Property types can vary from non-owner-occupied residential to mix-used properties.

 

Experience Level

Any

Borrower Type

Business Entity (LLC, Corp., etc.)

Credit Score

620

Interest Rate

12%

Points

4%

Personal Guaranty

Yes

(Purchase Financing)

LTPP 

65% - 75%

(Rehab or New Construction)

LTC

No Rehab Loans

(Loan % to After Rehab Value)

LTARV

N/A

Interest Reserve

6 months

Bankruptcy
Foreclosure/SS/DIL

48 months

Pre-Payment Penalty

6 months

Extension Available

Yes

Processing Fee

$1.500

Loan Size

$75K - $2M

Loan Terms

6 months - 12 months

Property Types:

Single & Multi-Family, Mixed-Use (50% residential), Condo & Modular

Single-family. 1-4 family, Multifamily (non-rent control markets), Mixed-use, and possibly some rental income-producing commercial

Restricted Geographies

NY, NJ, CT (NY bordering towns.areas) and Miami metro area(Florida)

SIMPLE PROCESS - FAST CLOSING
TRUSTED SERVICE - GREAT TERMS

CONTACT A LOAN SPECIALIST TODAY!

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EDWARD SHAMLIAN

Relationship and Sales Manager
e. edward@parkrockcapital.com
o. +1.201.785.6229 x-222

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GISELLE CINTRON

Head of Originations
e. giselle@parkrockcapital.com
o. +1.201.785.6229 x-230

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Park Rock Capital is an asset-based direct lender. 

 

We are able to assist you on your next real estate investment — quickly and competitively.

 

Our highly experienced team works with real estate investors throughout the U.S and lends across major U.S. metro markets.

GET LOAN AND FINANCING TODAY!