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Sat-Sun Closed
9465 Counselors Way Suite #200, Indianapolis, IN 46240

Non Performing Loan Financing

There has never been a competitive financing vehicle for investors that are looking into acquiring nonperforming notes from various lending institutions….Until now…

General Understanding of the type of terms we offer for this unique financing options that are backed by collateralized by groups of non-performing residential mortgage loans across most areas of the USA:

  • All of this debt is Non-Recourse (w/standard carve outs)
  • Up to 75% LTV or LTC for judicial states whichever is less
  • Up to 65% for non-judicial states
  • Never a PPP (pre-payment penalty)
  • Minimum of 5 notes per loan

We offer very flexible terms:

  • Target - $500,000 – $250,000,000+
  • 3 or 5 years, monthly adjustable and Interest only, 1m Libor + market spread
  • Due Diligence Deposit: - $3,000 plus $100 per BPO
  • 620 minimum credit score
  • 3 months debt service reserve required (PI)
  • 1-3% lender fee payable upon closing

Judicial Foreclosure States

Non-judicial Foreclosure States that are handled at trustee sales

States that will use foreclosure laws:

Connecticut, Delaware, Florida, Hawaii, Indiana Illinois, , Iowa, Kentucky Kansas, Louisiana, Maine, New Mexico, New York New Jersey, North Dakota, Oklahoma, Ohio , Pennsylvania, South Carolina, South Dakota, Wisconsin ,Vermont

Alabama, Arizona Alaska, Arizona, Arkansas, Colorado California, DC, Georgia, Idaho, Maryland, Michigan Massachusetts, , Minnesota, Mississippi, Montana Missouri, New Hampshire Nevada, Nebraska, North Carolina, Oregon, Rhode Island, , Texas, Tennessee, Utah, Virginia, West Virginia, Washington, Wyoming

The process each state takes:

Lender or note holder files a lawsuit in the state court to initiate the foreclosures process.

The Lender or note holder will follow a very state specific procedure with notices recorded or mailed to the borrower.



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More in this category: « Rental Investor Financing

Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240


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CALL TODAY: 888-375-7977

About Rental Home Financing:

Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.

Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.

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Direct Money Lenders Inc. NMLS #144773