Shawn Pearl

West Baton Rouge LA Hard Money Lender


About Me

CEO

 

Specialty Funding & Associates

January 2001 – Present (13 years 2 months)Baton Rouge, Louisiana Area

Generated new deals for a real estate and development company that focuses on multi-family residential projects, including real-estate commercial/residential investment properties. We offer the following below:

We are a private portfolio group. All of the loan programs are available in Maryland, Virginia, Washington DC and Florida. We do fix and flip loans in New York and New Jersey case by case, and Commercial loans in Delaware, Pennsylvania and The Carolina's case by case. I’d like you to take a look at the attached and if you think were a fit please complete the application and send it back to me or if you have any questions please contact me at one of the numbers below, thanks so much for your time and I'm looking forward to working with you.


NOTE: ALL CREDIT ACCEPTED! & NO UP-FRONT FEES OF ANY KIND!

I will need the following below for any deals you have and please see attached:


What I’ll need to get started on any deals is a 1003,Form (PLEAE REQUEST) Proof of Funds and a recent Credit Report, to move forward we just need a Rehab Budget (If Rehab) from a licensed contractor and a contract to order the appraisal.


REHABILITATION FLIP PROGRAM HIGHLIGHTS:


80 TO 125% OF THE PURCHASE OR UP TO 70% ARV

NO MINIMUM CREDIT SCORE

PREVIOUS BANKRUPTCY, FORECLOSURE & SHORT SALES ARE OK



0 favorites
MIN INVESTMENT/LOAN $100,000.00

NO DUE DILIGENCE OR LOAN COMMITMENT FEES

WE PROCESS, UNDER WRITE , CLOSE AND SERVICE ALL LOANS IN HOUSE

SAME DAY PRE-APPROVALS AND CLOSING WITHIN 7 BUSINESS DAYS OF APPRAISAL ORDER

ITEMS NEEDED FOR PRE-APPROVALS:

MINI APPLICATION (PLEASE REQUEST)
REHAB FROM LICENSED CONTRACTOR
PROOF OF FUNDS
MLS LISTING


Best Regards,

Shawn K. Pearl

CEO

SFA---Specialty Funding & Associates

specialtyfundingasso@aol.com

Office: 225.372.9780

Hours: 9:00am-9:00pm Mon-Sat

206.203.3177 Voice Mail/E-Fax

What is Hard Money?

A hard money loan is a collateral based loan against a hard asset - typically real estate - and is often referred to as private mortgage or private mortgage note. Unlike typical mortgage loans, hard money loans are provided by private sources (individuals and small lenders rather than large government or Wall Street backed sources). Hard money loans are often used if a person is having a difficult time getting approved for a conventional loan. The approval process for a hard money loan is usually much more streamlined than with a conventional loan because hard money lenders don't have to follow strict institutional lending guidelines, and because they look mainly to the collateral as security for repayment rather than the borrower alone.

Hard money loans can be used for both commercial and residential properties and, since private lenders use their own money, they are able to create their own flexible lending terms that will meet both their and the borrower's needs. Another advantage of hard money loans is that they are typically closed very quickly and with little documentation. Of course, since these loans are usually “outside of the box” and higher risk, the interest rates for hard money loans are usually higher then with a conventional loan.

If you are having difficulty obtaining conventional financing, or simply need a loan closed fast with creative and flexible terms, consider hard money.

Will my deal qualify for Hard Money?

Although here are many different types of hard money lending programs, the following can be used as general guidelines for determining whether your deal would be appropriate for a hard money lender. Even if your deal doesn't match exactly to these guidelines, feel free to apply anyway. My hard money team will let you know if your deal makes sense for one of our many hard money lenders:

  • Loans are usually up to 65% Loan-to-value (LTV) based off the After-Repaired-Value (ARV);
  • 100% of acquisition/construction can be financed no problem;
  • Both residential and commercial properties are OK;
  • Low credit scores? No income? That's OK too;
  • We welcome foreclosure/bank REO properties;
  • Interest only and "no payment" options are available;
  • All loans must be for business or investment purposes (sorry, no primary residences at this time);
  • We can handle cash-out refinances of land or existing structures;

If you have any questions about your deal or hard money in general, please feel free to contact me, or you may simply complete the application below and either me or my underwriting team will contact you.

For immediate consideration, please fill out the loan inquiry below.

 

Name: Shawn Pearl

Office phone: 2253729780

Cell Phone:

Email: specialtyfundingasso@aol.com

Address: 826 N. 12th Street

City: West Baton Rouge

State: LA

ZIP: 70767