Practical Funding Solutions is a hard money lender that has been working with real estate investors for more than seven years nationwide. It has closed more than 30 deals on average during the past two years alone. Its rates range between 8 percent and 12 percent, and it lends up to 80 percent loan-to-value (LTV) ratio and 70 percent after repair value (ARV). it funds loans within three to five days. There are no available reviews online for this company.
|Business Name||Practical Funding Solutions|
|Business Established Year||2012|
Practical Funding Solutions Rates & Terms
|Types of Properties||Non-owner occupied real estate only|
|Loan Amount||No minimum and maximum amount indicated|
|LTV||Up to 80%|
|ARV||65% to 70%|
|Interest Rates||8% to 12%|
|Lender Fees||3 to 4 points|
|Loan Terms||12 to 36 months|
|Minimum Qualifications||Minimum 20% down|
- Past 2 tax returns (Form 4506-T)
- Past 2 months of bank statements
- Purchase & sales agreement
- Personal financial statement (attached)
- Borrower's authorization form (attached)
- Appraisal Nation payment authorization form (attached)
- List of rehab work needed and cost breakdown (if applicable)
|Typical Time to Funding||3 to 5 days|
|Other Financing Available||Startup funding|
Private and public financing
*Exceptions may be granted. Lender information is updated often; however, exact lender terms may have changed.
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States Currently Lending In
If you’re looking to fund your business you’ve come to the right place!
Business funding is available and our mission is to help business owners and entrepreneurs in West Florida, and nationwide, finance businesses of all sizes, whether private or public.Practical Funding Services has access to a number of different types of funding. Our bank funding experts work within secured and unsecured business lines of credit, equipment finance, revenue-based lending and crowdfunding. We also have access to experts in investor funding, private investors and private placement services, such as private money lenders and funds brokers. If your needs are more advanced, we can also provide options within trade sharing on the public markets, enabling access to hundreds of millions in funding. We only help acquire funding within the United States.We are very proud to be able to provide funding solutions to qualified business people like you. Our program is the best in the industry because it’s a business line of credit, not a loan. We are looking to build long term business relationships with our clients by providing funding solutions for the life of their business.