North Oak Investment
Kansas City's Premier Hard Money Lender
What is a Hard Money Loan?
Get Started Today!
The loan application takes 10 - 15 minutes to complete, and you'll be on your way to getting a Rehab Loan.
Not enough time right now? No problem. Start now, then save your progress and continue later.
Why Choose North Oak Investment?
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40 + years in the Kansas City market
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On-site staff available Monday-Friday
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KC's Premier Hard Money Lenders
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Superior Investor Funding
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Full Service Lending Company
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Experienced Real Estate Investors
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Internal, Private Funds ready for fast closings
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Asset-Based underwriting means more common sense and less hassle
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Credit problems not an issue
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Funding in as little as 3 days
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All approved loans will be funded
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We need your referral, so we will: Communicate, Educate, Facilitate
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Guaranteed Investment Loans
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Funding and Structuring of Loans for residential properties
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Experienced Hard Money Lender
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Asset-Based underwriting means we'll analyze your deal and stop you if you're not going to make money
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Servicing the greater Kansas City Area
How it Works
BORROWER CRITERIA
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No Minimum Credit
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No Minimum Liquid Assets
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No Minimum Income
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Recent Bankruptcy OK
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Must Provide:
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Most recent pay stub
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Last 2 years' tax returns
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Completed Loan App
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LLC's / Corps / Individuals
PROPERTY CRITERIA
LOAN TERMS
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No Minimum Value
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No Maximum Value
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Residential
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Single Family 2-4 Unit
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Townhomes OK
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No Condos
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No Manufactured
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No Owner Occupied's
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Commercial
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Case-by-case basis
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Rehab Loan Terms
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No Minimum Loan Amount
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No Maximum Loan Amount
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No Max / Min Repair Cost
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1st Position Lien Only
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Up to 80% Loan to ARV
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After Repaired Value
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0% - 20% Refundable Deposit
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Based on ARV
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Deposit decreases the more loans you've done with us
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Most 1st-time borrowers put 10% down (refundable)
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6 Month Term
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Up to 3 Month Extensions
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Construction Funds =
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Loan Amount, minus purchase price, minus our charges, minus other closing costs (realtor, taxes, gov. fees, title fees)
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What it Costs
YOU PAY TO OTHERS
FREE SERVICES
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FREE Application
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FREE Credit Check
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FREE Document Prep
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FREE Draws
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FREE Inspections
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FREE Loan Early-Payment
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FREE Interest on Un-Used $
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FREE Daily Service
YOU PAY TO US
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Transaction Fee
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2% of Loan Amount
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$2,950 Minimum
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Paid at closing out of loan
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Notary & Wire Fee
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$27 Flat Fee
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Paid at closing out of loan
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12% Interest
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No monthly payments
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No interest on unfunded balance
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Paid at closing of sale
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Extension Fee*
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*Usually not necessary
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All accrued interest at the time of extension must be paid by check
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$16.67 fee per day
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3 month maximum
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Fee paid at closing of sale
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No hidden fees, junk fees, doc prep fees or service fees.
You will be provided with a written statement of all costs prior to closing.
Kansas City Real Estate Rehab Loans
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Appraisal
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$400 +/-
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Paid at closing
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Hazard Insurance
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Amounts vary
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Paid at closing
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Title Charges
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$900 +/-
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Includes Mortagee's Policy
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Paid at closing
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Tax Prorations
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Amounts vary
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Paid at closing
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Recording / Transfer Fees
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$150 +/-
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Paid at closing
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Realtor's Commission
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Amounts vary
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Paid at closing
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Purchase Price
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Amounts vary
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Paid at closing
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