Apex Mortgage Corporation
Apex Mortgage Corporation offers hard money loans for real estate investors with rates that start at 7.5%. They lend up to 65% LTV and typically fund loans within 3 weeks. They have funded over 1,000 loans since 1990. They are rated 3.7 stars based on 3 Google reviews, 3 stars based on 2 Freedom Mentor reviews, and 1 star based on 1 Yelp review.
Lender Information
| Business Name: | Apex Mortgage Corporation |
| Business Website: | apexmtg.com |
| Business Address: | 1 Walnut Grove Drive, Suite 300 Horsham, PA 19044 |
| Business Phone: | 877-697-4513 |
| Business Email: | glowry@apexmtg.com |
| Business Established: | 1990 |
| Google+: | N/A |
| LinkedIn: | linkedin.com/company/apex-mortgage-corp. |
| Facebook: | facebook.com/APEXMortgageCorp |
| Twitter: | twitter.com/apex_mortgage |
Apex Mortgage Corporation Rates & Terms
| Types of Properties | Single Family Residence 2 to 12-unit property Mixed use Office space Retail store Warehouse Storage Hotel/Motel Small commercial Apartment building |
| Loan Amount | $25,000 to $1 million (minimum property value of $75,000) |
| LTV | Up to 65% |
| ARV | N/A |
| Interest Rates | Start at 7.5% |
| Lender Fees | Prepayment penalty Environmental processing fee of $500 to $1,500 Points vary per borrower |
| Loan Terms | 3 years, 5 years to 25 years |
| Minimum Qualifications / Documentation | First liens only No bankruptcies in prior 4 months period Credit Score of ideally 650, but lower may be considered Subject to DSCR |
| Time to Funding | 3 weeks |
| Other Financing Available | Income Qualifying Business Loan Commercial Loans Income Producing Real Estate Loans Limited Income Verification Business Loans |
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
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States Currently Lending In
Arizona, Arkansas, California, Colorado, Connecticut, DC, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming
