Single Family Hard Money Loans
Does Saratoga Capital, Inc Lend on Single Family?
YES and NO ….
- Saratoga Capital provides 1st or 2nd TDs on owner-occupied single family properties ONLY when funds are used for business purposes.
- Saratoga Capital provides private money loans secured by residential properties ONLY if the loan is for business purposes AND the loan is being made to other than a Natural Person i.e. a corporation, a partnership, an LLC, an estate etc.
- Saratoga Capital, Inc. WILL NOT make a consumer residential mortgage loan for personal, family, or household use. These types of loans would include purchase money loans, re-finance loans, home improvement loans, construction loans and loans for the purpose of purchasing consumer goods or services.
Please call Mary at 408-286-3696 for further information on hard money loans to be secured by a dwelling as defined in Section 103(v) of the Federal Truth in Lending Act.
THIS PROGRAM IS TO PROVIDE FINANCING FOR LOANS THAT ARE NOT COVERED UNDER THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT AND ARE SPECIFICALLY EXCLUDED OR EXEMPT FROM THE APPLICATION OF ABILITY TO REPAY REGULATION. EXAMPLES OF LOANS INCLUDE FOREIGN NATIONAL, BUSINESS USE, & NON-OWNER OCCUPIED LOANS.