Soft Money & Low Docs
SOFT MONEY LOAN BY TD FUNDING SOLUTION
Soft money loans are a combination of traditional lending and hard money lending. With soft money loans, you are still expected to pledge your assets as collateral for the loan. However, your credit is also taken into account giving you a longer repayment term and lower interest rate.
THE ADVANTAGE OS SOFT MONEY
Like hard money loans, soft money loans are not required to meet specific nationwide or state standards. Soft money lenders like TD Funding Solutions can create our own loan criteria and terms because funding comes from private investors, instead of a big corporation.
Therefore, with soft money loans, the credit standards are not as restrictive as those implemented at traditional banks. The other difference between conventional banking and soft money lending is that proof of income isn’t required.
As a private lender in Dallas, Texas, TD Funding Solutions offers both hard money and soft money loans to meet a wide range of financial circumstances. We’ll work with you to obtain the loan that best meets your individual needs. With creative financing, rapid funding and flexibility in loan options, our borrowers can rest easy knowing that we’re there to help them in every way possible.
A soft money loan is a more traditional loan with a below-market interest rate. This type of loan has longer repayment periods and interest holidays. A car loan would be a good example of a soft money loan. Some auto loans offer 0% APR for an amount of time (interest holiday) and repayment periods extending from two to six or seven years. A soft money loan is usually provided by a certified lending institution, like TD Funding Solutions.
Soft money is
Soft money is Asset based lending, for income producing properties or value-add bridge loans for income producing properties with limited or no focus on credit, and of course, a fast close. With the right property and the right deal you can now get hard money financing, at less disastrous pricing. Welcome to Soft Money Lending by
- $100,000 – $5,000,000
- Up to 75% LTV
COMMERCIAL PROPERTY TYPES
- multifamily (5+ units)
- mixed use, office
- retail, warehouse
- automotive services
- groups of condos owned by business entity
- light industrial,
- warehouse, etc