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?

  • 40 + years in the Kansas City market

  • On-site staff available Monday-Friday

  • KC's Premier Hard Money Lenders

  • Superior Investor Funding

  • Full Service Lending Company

  • Experienced Real Estate Investors

  • Internal, Private Funds ready for fast closings

  • Asset-Based underwriting means more common sense and less hassle

  • Credit problems not an issue

  • Funding in as little as 3 days

  • All approved loans will be funded

  • We need your referral, so we will: Communicate​, Educate, Facilitate

  • Guaranteed Investment Loans

  • Funding and Structuring of Loans for residential properties

  • Experienced Hard Money Lender

  • Asset-Based underwriting means we'll analyze your deal and stop you if you're not going to make money

  • Servicing the greater Kansas City Area

How it Works

BORROWER CRITERIA
  • No Minimum Credit

  • No Minimum Liquid Assets

  • No Minimum Income

  • Recent Bankruptcy OK

  • Must Provide:

    • Most recent pay stub​

    • Last 2 years' tax returns

    • Completed Loan App

  • LLC's / Corps / Individuals

PROPERTY CRITERIA
LOAN TERMS
  • No Minimum Value

  • No Maximum Value

  • Residential

    • Single Family 2-4 Unit

  • Townhomes OK

    • No Condos​

    • No Manufactured

  • No Owner Occupied's

  • Commercial

    • Case-by-case basis​

  • Rehab Loan Terms

  • No Minimum Loan Amount

  • No Maximum Loan Amount

  • No Max / Min Repair Cost

  • 1st Position Lien Only

  • Up to 80% Loan to ARV

    • After Repaired Value​

  • 0% - 20% Refundable Deposit

    • Based on ARV​

    • Deposit decreases the more loans you've done with us

    • Most 1st-time borrowers put 10% down (refundable)

  • 6 Month Term

    • Up to 3 Month Extensions

  • Construction Funds​​ =

    • Loan Amount, minus purchase price, minus our charges, minus​ other closing costs (realtor, taxes, gov. fees, title fees)

What it Costs

YOU PAY TO OTHERS
FREE SERVICES
  • FREE Application

  • FREE Credit Check

  • FREE Document Prep

  • FREE Draws

  • FREE Inspections

  • FREE Loan Early-Payment

  • FREE Interest on Un-Used $

  • FREE Daily Service

YOU PAY TO US
  • Transaction Fee

    • 2% of Loan Amount​

    • $2,950 Minimum

    • Paid at closing out of loan

  • Notary & Wire Fee

    • $27 Flat Fee​

    • Paid at closing out of loan

  • 12% Interest

    • No monthly payments​

    • No interest on unfunded balance

    • Paid at closing of sale​​

  • Extension Fee*

    • *Usually not necessary​

    • All accrued interest at the time of extension must be paid by check

    • $16.67 fee per day

    • 3 month maximum

    • Fee paid at closing of sale

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

  • Appraisal

    • $400 +/-

    • Paid at closing​

  • Hazard Insurance

    • Amounts vary​

    • Paid at closing

  • Title Charges

    • $900 +/-

    • Includes Mortagee's Policy

    • Paid at closing

  • Tax Prorations

    • Amounts vary

    • Paid at closing

  • Recording / Transfer Fees

    • $150 +/-​

    • Paid at closing

  • Realtor's Commission

    • Amounts vary​

    • Paid at closing

  • Purchase Price

    • Amounts vary​

    • Paid at closing

Firm numbers will be provided to you in writing prior to closing.

All of the above costs are paid at closing out of the loan proceeds, no out-of-pocket charges to you.

You're welcome to shop prices and choose your own vendors for all of the above, except for the appraisal.

Kansas City's Premier Hard Money Lender

8080 Ward Parkway, Suite 195
Kansas City, MO 64114
North Oak Investment
Open Monday - Friday  8:00 - 5:00