Worcester Financial is a private lending company that offers short-term loans for fix and flip investors. Rates range from 11% to 16%, and they’ll lend up to 75% LTV or 65% ARV. The lender has been in business since 2016 and has funded less than 100 loans. No reviews were found online at the time this article was written.
Lender Information
Business Name: | Worcester Financial, LLC |
Business Website: | worcesterfinancial.com |
Business Address: | 1220 Washington Street, Suite 200 Kansas City, MO 64105 |
Business Phone: | (816) 291-4146 |
Business Email: | info@worcester-investments.com |
Business Established: | 2016 |
LinkedIn: | linkedin.com/company/16175829/ |
Facebook: | facebook.com/Worcester-Financial-1580837838903069/ |
Twitter: | https://twitter.com/WILending |
Worcester Financial, LLC: Rates & Terms
Types of Properties | Most property types considered except for raw land and owner-occupied residential properties |
Loan Amount | No minimum loan amount |
LTV | 75% |
ARV | 65% |
Interest Rates | 11% to 16% |
Lender Fees | 4 points origination fee No prepayment penalty Appraisal fee |
Loan Terms | 6 to 12 months |
Minimum Qualifications / Documentation | Not dependent on borrower’s credit Qualifications are asset-based First lien position |
Time to Funding | Less than 2 weeks |
Other Financing Available | Investment property loans Fix and flip loans Rehab loans |
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed..
States Currently Lending In
Missouri