Here, at AryMing Asset Funding, we make short-term, asset-based loans, sometimes known as hard money loans extended to real estate owners investors and builders.

TYPE

Non-owner occupied investor loans for 1-4 unit residential properties.

• Minimum $100,000 value
• Detached, 2-4 unit, townhouse, warrantable condo
• Multi-property allowed

LEASING STATUS

• Vacant acquisitions allowed
• Refinances must be leased

BORROWER BACKGROUND

• Minimum 650 FICO
• No foreclosures, bankruptcies, or short sales in past 36 months
• Entity or Individuals, with foreign national options
• Six months of reserves at time of close
• No borrower income verification required

BORROWER RECOURSE

Always required

MAXIMUM LEVERAGE RATIOS

• Loan-to-value (LTV): 80%
• Property debt-to-income (PDTI): 90%
• Loan-to-purchase price (LTPP): 85%

LOAN SIZE

$75,000 to $1,000,000

LOAN TERMS

• Fixed rates, starting at 6.125%
• 30-year term, initial IO available
• 3-2-1 prepayment

LOAN CLOSING

Aryming will draft loan documents and coordinate closing for Table Funding and Funding into Origination