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Colton J. Richardson
(248) 847- 9100
Commercial and investment
Experienced Developers | First Time Home Flippers | Rental Portfolios
Call or Email to Learn More
Colton J. Richardson
(248) 847 9100
Colton@ParadymeFunding.com
Don't, see what You need?
Contact me with your project and I will see if there are any existing solutions available, or if we have investors interested and willing to consider other possible solutions.
Fast turn around times can be the difference in winning and losing an opportunity. Don't get held up with others delaying your projects or contractors.
Competitive rates and pricing! Backed by private equity we have options available for you now, and as you business scales! Do the most with your capital!
Easiest approval process! You will know exactly what is going on at all times. Don't get left in the dark or delay projects. Whether its applying, getting answers or receiving disbursements, we believe it shouldn't be difficult.
Fix & Flip
- Description: A fix and flip loan is designed for real estate investors who purchase properties, renovate them, and then sell them quickly for a profit or another exit strategy such as a debt servicing loan.
Advantages:
- Quick approval and funding process.
- Flexible terms and repayment options.
- Can finance both the purchase and renovation costs.
Suited for:
Real estate investors looking to buy distressed properties, renovate them, and sell them for a profit within a short period or rent them.
Or
Call (248) 847- 9100 for more info
DSCR
- Description: A Debt Service Coverage Ratio (DSCR) loan assesses a borrower's eligibility based on the cash flow generated by an investment property, rather than solely relying on the borrower's income. Real estate investors often utilize DSCR loans to qualify for mortgages and acquire investment properties. The DSCR is calculated to determine the financial viability of the property. A higher DSCR indicates a more favorable ratio. If the DSCR is above 1, it signifies that the investment property generates positive cash flow and possesses sufficient net operating income to cover its debts. Conversely, a DSCR below 1 indicates negative cash flow, implying that the property lacks the necessary income to meet its debt obligations. Generally, a DSCR above 1.25 is considered a desirable benchmark, indicating a strong financial position for the investment property.
Advantages:
- Focuses on the property's income potential rather than the borrower's personal income.
- Can be used for commercial properties, such as apartment buildings or office spaces.
- Offers competitive interest rates.
Suited for:
Borrowers who own or want to invest in income-generating properties, such as rental properties or commercial buildings.
Or
Call (248) 847- 9100 for more info
DSCR =
Net Operating Income
Total Debt Service
Bridge
- Description: A bridge loan provides short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. Short term, typically 12-36 months.
Advantages:
- Quick access to funds for time-sensitive transactions.
- Flexible repayment options.
- Can be used for both residential and commercial properties.
Suited for:
Borrowers who need temporary financing to facilitate the purchase of a new property while waiting for the sale of their current property.
Or
Call (248) 847- 9100 for more info
Construction
- Description: A construction loan is used to finance the ground up construction of a property. If you are looking to build a home, homes, or commercial unit, utilize this to get access to capital and then refinance or sell!
Advantages:
- Funds are released in stages as the construction progresses.
- Interest-only payments during the construction phase.
- Can be tailored to the specific needs of the project.
Suited for:
Borrowers who are planning to build a new property or undertake significant renovations, such as developers or homeowners.
Or
Call (248) 847- 9100 for more info
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