About Our Loan Program
JRDWM is a from one side of the country to the other, private direct bank. Set up in 2010, we give transient fix and flip financing and long haul rental financing for land speculators. Our advances, regularly called hard cash advances, can be utilized for the buy or renegotiate of non-proprietor involved private and business properties, financing of remodelling task, and extension subsidizing. JRDWM loans to realtors, business temporary workers, engineers and entrepreneurs all through the nation.
FIX & FLIP LOANS
Short-term financing for the buy and recovery of non-proprietor involved properties.
Long-term financing for speculators who are holding properties for rental pay.
Short-term financing for residential, commercial & mixed-use properties.
OUR RENTAL LOAN PROGRAM IS DESIGNED FOR INVESTORS NATIONWIDE SEEKING A SIMPLE FINANCING SOLUTION FOR PURCHASE OR REFINANCE, WITH THE FLEXIBILITY TO REMAIN IN THE LOAN FOR UP TO 30 YEARS AND CASH-OUT UP TO 80% OF LTV.
A “bridge loan” is essentially a short term loan taken out by a borrower against their current property to finance the purchase of a new property.
Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.
Most bridge loans carry an interest rate roughly double the average fixed-rate product and come with equally high closing costs.
Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home.
Looking for Funding For Your Next Fix & Flip Project?
JRDWM ARV LOAN PROGRAM OFFERS FINANCING FOR UP TO 90% OF THE PURCHASE PRICE + 100% OF RENOVATION COSTS, NOT TO EXCEED 75% OF THE AFTER REPAIR VALUE. PLUS, RCN CAPITAL ONLY CHARGES INTEREST ON YOUR OUTSTANDING BALANCE, NOT ON THE REHAB HOLDBACK SO YOU DON’T PAY FOR THE FUNDS YOU AREN’T USING.
We get clear on your goals
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
12 Months (6-Month Extension Available)
$50k for Single-Family$25k per Unit for 2-4 Family$35k per Unit for Multi-Family (5+)/Mixed-Use
$50k – $2M for 1-4 Family, Condos, & Townhomes$250k – $5M for Multi-Family (5+)/Mixed-Use
As Low As 7.99% (Interest Only Charged on Outstanding Balance)