T & C
Loan Terms
Terms & Conditions
-
Lending Programs:
All types of loans.
-
Loan Size:
$500k – $20M
-
Interest Rate:
8%
-
Term:
Short & Long-Term program tailored to fit different loan scenario (6 months – 30 years)
-
Repayment Type:
Principal & Interest. Interest only
-
Loan-to-Value/Loan-to-Cost:
100% of Stabilized Value
-
Origination/Exit Fee:
1%
-
Security:
First Mortgage Lien or Deed of Trust.
-
Recourse:
Non-Recourse.
-
Collateral:
Collateral and Non-Collateral. All Commercial RE Property Types, including Specialty Uses and Land.
-
Down Payment:
Borrowers are subjected to make a down payment at closing.
Checklist
Loan approval is subject to verification of all information you provide and satisfaction of various conditions including, but not limited to the following:
- Scanned copy of any Government Issued Identification (front & back).
- Scanned copy of a recent utility bill carrying your residential address.
- Fully executed purchase agreement (if applicable).
- Property appraisal (If applicable).
- Past 24 months of residence with complete address.
- Length of Time at each residence.
- Name and address of landlord (if renting).
- Employment History (if applicable).
- Employer’s names and address for last 2 years.
- Current Pay Stub.
- Dates of Employment.
- Two Years of W-2s (most recent)
About Us
Charmont Lenders Inc. is a private lender focused on investment purpose loans for the acquisition and development of residential, commercial, and land projects.