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Private money loans are usually funded by individuals who are seeking a higher rate of return on their money. They act as the bank. These loans still go through the state banking system and guidelines for lending. Private money loans are all about the property and some consideration is given to the borrower's credit worthiness. Loan to values are typically from 50% to 65%. Interest rates are higher and currently run about 12% to 15%. Loan costs are higher than regular loans. Closing could be as fast as 15 business days. We lend on any Type of Real Estate, Single Family, Multi family, Office, Strip plazas, Industrial, RV Parks, Manufactured homes, Mixed use properties, Raw land and Rural Housing & Land. Olympic Mortgage has it's own Private Money Department! Please call me if you have any questions 480-390-2123 or email me at Mani555@aol.com. Michael 'Mani' Bongiovanni - 8330 East Hartford Drive Suite 101 - Scottsdale, AZ 85255 Cell Phone: 480-390-2123 Fax: 480-609-4111 Email: mani555@aol.com :: Investment Loans 1 to 4 units :: Private Money Loans :: Commercial Loans :: Primary Residential Loans :: FHA Investor Refinance :: FHA & HUD Loans :: Reverse Mortgage :: Real Estate Investors :: Loan Programs :: ARM Loans :: Interest Only :: Zero Down :: Reverse Mortgages :: Home Equity Loan :: Loan Process :: Pre-Qualify :: Loan Application Instructions :: Purchasing :: Need Cash? :: Refinance :: Contact Us :: Tell-A-Friend :: About Us :: Appraisers :: ATTORNEY :: Identity Protection :: Title & Escrow :: FAQ :: Glossary :: Forms :: Rate Alert :: Request Loan Status :: Library :: Credit Report :: Marketplace :: We lend in the following states: AZ & WA. Mortgage Banker & Broker Bk-0904318 
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