Rate and Terms
Silverado Funding LLC is a private lender, providing funding for real estate entrepreneurs in need of expedited financing to acquire properties at substantial discounts. Our lending services extend to contractors, builders, real estate entrepreneurs, and investors. Loans are short-term with a 1 year maximum. Interest rates and points vary by geographical area, differing loan conditions and transaction type.
Silverado Funding Loan Terms
| Rate: | 11% – 12% |
| APR: | 12% – 13% |
| Points: | 1-6 |
| Term: | 6 months- 1 year, interest only |
| Doc Prep: | $1,500 – $1,800 |
| Prepaid Interest: | 90 days – 180 days |
| Appraisal Fee: | Paid by borrower – usually $900-$1,000 |
| LTV: | up to 75% of estimated after-repair value (ARV) |
| Borrower’s equity position | 10% (3 months of interest collected out of this amount) |
| Rehab / Construction Funds: | If applicable: funds will be held by lender and released in draws based on Disbursement Procedures. |
| Min Loan Amount: | $50,000 in Oregon |
| Max Loan Amount: | 1 million |
| Exit Strategy: | Must have a well-researched plan for resale or refinance |
| Extension Period: | |
| Additional Points (Prorated): | 1-6 |
| Term: | 90 – 180 days, interest only |
