Loan Rates & Terms
Persevere Lending offers strategic, creative, and efficient loan programs for residential and commercial properties, and land in select locations.
Loan Amounts and Terms - $50,000 to $15,000,000, 12-18 months, interest only.
LTV - Up to a maximum of 75%. However, most deals are 65% and under. 40-50% maximum for land.
2nd Position Loans - Max 4 to 1 balance ratio (1st to 2nd) 1st must be low-rate conventional or arranged by us.
Property Types - SFR, Commercial, Land (in select markets) Programs - Refinance (rate/term & cash out), Acquisition,
Construction (ground up & completion)
Rates/Fees - TBD. Every deal will be evaluated independently on the equity protection, quality of the property & location, and creditworthiness and overall qualifications of the borrower.
Location - We are located in the East Bay of Northern California and have a strong investor presence in all the surrounding counties. We are licensed and active statewide in California and Tennessee, and have broker alliances in Hawaii, Nevada, Oregon, Colorado, Washington, Idaho, Alabama, Texas, New York, and Florida.
Speed - While we have closed loans in 48 hours from submission, the average closing takes 7-10 business days upon receipt of a complete due diligence package.
Advantages of Private Lending:
Speed & Efficiency
No Verification Issues
Not Based on Credit Score
Bankruptcy & Foreclosure Bailouts
Personal & Professional Service