Snowball Investments LLC was founded in 2017 with the goal of becoming a low cost (1 Point with no other fees period! ) , low interest rate, no pre-paid penalty short term loans to real estate investors. Our low cost comes from no marketing but purely relying on word of mouth. Word of mouth marketing by servicing our borrowers well by providing fast answers, great service, and reliable funding for our clients. We have been funding deals since 2012 but decided to do under a banner of Snowball Investments LLC in 2017. We love to support our community by funding local real estate investors who support in stabilized neighborhoods by improving properties, creating jobs, and help overall economy.
Max Leverage: 75% of “as-is” LTV not to exceed 90% loan-to-purchase-price (LTPP),
70% LTV for refinance loans with the strategy of fix and flip and fix to rent, 65% LTV for cash-out refinance.
Size Range: $75,000 to $2,000,000.
70% loan-to-after-repair-value (LTARV) on loans with construction reserves(determined by appraisal),
65% LTARV for fix and flip and fix to rent refinance loans,
55% LTARV for cash-out refinance.
Max Term: 24 months. Non-owner occupied only. Location: United States (excluding South Dakota and Minnesota). High-rise condominiums in Las Vegas or Florida will not be considered. First-generation condominiums or housing communities will not be considered. Seller financing or Junior liens allowed upto 100% of the ARV.
Address:525 Tribble Gap Road, suite 1823, Cumming, Georgia, 30028
Hard Money Lenders IO is a Florida-based Private Lending Company providing loans to real estate investors and entrepreneurs. We give quick and easy loans to help you overcome your financial barriers. We offer tailor-made loans to suit your specific needs.