Worcester Financial is a private hard money 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.
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States Currently Lending In
Missouri
