Business Purpose Loans are mortgage loans that can be taken out on your primary owner occupied residence
They are intended for business owners to use for Business Purpose Loans, not for household, family or personal uses. These are loans for which applicants do not need to qualify for credit or for income. Business purpose loans are unique because you only need to own a corporation ( LLC, Inc. or Subchapter S ) to qualify.
Getting a business purpose loan is a terrific alternative for a business owner. Call now and speak to one of our friendly loan consultants to learn more about them – Call 561-221-1124 inBoca Raton, FL and throughout South Florida.
$$ MILLIONS TO LEND $$
NEW SBA Streamline 30 Day Closing Loan Program:
550+ credit scores and flexible underwriting!
Loans from $50,000 to $350,000 amortized over 10 years
No collateral (real estate or equipment) required!
Collateralized loans up to $5.5mm amortized over 25 years
6.5%% to 8.5%% rates payable monthly with no prepayment penalty!
1 year minimum time in business; most industries considered, i.e. Day-care, Assisted living, etc.
Working capital, Real Estate or Business Purchase, Debt Consolidation, Equipment or Inventory Purchase, Marketing, to Hire more employees, etc.
If you are self employed and have an LLC or a corporation, we can do a business purpose loan for you.
You don’t have to qualify for credit or for income yet will still remain in full compliance. The only stipulation is that the loan has to go directly into your business and not be used for personal items. So if you have a free and clear home and a corporation – we won’t have to escrow taxes and insurance and you won’t have to worry about the RESPA guidelines.
Robert and daughter Tia on grad.day
Trusting firm, done a lot of business with Lord & Mortgage and plan to for years to come! - Marc E.
- Leo E. 11/5/2018
Everyone working there is great. I have had many mortgage & business loans through them and refer them to everyone I know. They have been in business a long time and are a fully licensed Lender. I would never deal directly with any other private money lender as they are not licensed and their attorneys are very one sided in favor of their client, not the borrower. The unlicensed lender can use an in-house or 'free' appraiser that will come in very low on the appraisal after offering '90%% financing'. I'd rather deal with the owner Robert, who is a very upfront Lender on all loans from conventional, reverse mortgages, SBA, Subprime, investment and private hard equity and stated income. Any private investor should look to work through his company. They are all very knowledgeable and can offer the most options. They can cross-collateralize properties in order to get 100%% to 200%% financing for a new purchase or to get a maximum loan amount on a refinance.
- Patricia Rathgeb. 10/20/2018
Robert Neadel did a great job
every thing was explained
and all questions were answered
I highly recommened lord mortgage
- william weingarden. 9/2/2018
Very knowledgeable, very fast, and very helpful
- Grace Odunmbaku. 7/21/2018
I feel that Lord Mortgage is very diligent in providing the absolute best possible service and highest quality private loans possible. I have always had excellent results with the loans that they have placed on my behalf. I would highly recommend investors looking to provide bridge loans on real estate properties give them a try.
- Douglas Call. 0/3/2018
I have known Lord Mortgage & Loan for 6 years. I am always impressed with the knowledgeable staff. David knows his stuff and so does Robert Neadel. When I need to fund a deal, this is my go to lender. they are fair, knowledgeable, and get things done quickly. They offer a wide range of services from FHA Loans to Hard Money Loans. Personally I need hard money loans quite often and Lord Mortgage & Loan has been there when I need them. I am so glad I found this company and I would highly recommend Lord Mortgage & Loan for all of your lending needs. Thank you so much guys and keep up the excellent work!
- Anson C. 9/26/2017
I have been treated well by at Lord Mortgage. I have done 2 mortgages with Lord which have helped me out tremendously as I was having trouble qualifying for a conventional mortgage. I have equity in my home and Robert has gotten me the financing I have needed twice. Very easy to company to deal with, highly professional and Robert is a gentleman. I recommend Lord Mortgage to anyone who needs financing.