You asked, we listened. At Patch of Land, we're constantly REthinking real estate, and that means constantly working to meet the new and evolving demands of our Real Estate Entrepreneurs. That is why we're now offering our Mid Term product, so you can get the funding you need, on the term you want.
Call 888-893-1326 for more information!
Get flexible financing for your real estate project, on the term that works best for you, from 24 to 36 months.
We prefund all our loans, with full funding for your project in as little as 7 days, so you don't have to miss another opportunity.
Our affordable mid term rates start at just 7%. And we're fully transparent, so you don't have to worry about hidden or junk fees.
Short Term Loans |
Mid-Term Loans |
|
Project Type | Single Family Residential Multi Family Residential |
Single Family Residential Multi Family Residential |
Loan Amount | $100,000 to $3,000,000 | $100,000 to $3,000,000 |
Loan Term | 1 to 18 Months | 24 to 36 Months |
Interest Rate | From 7.99% | From 7% |
ARV | Up to 70% | N/A |
LTV | Up to 80% | Up to 75% |
Closing Times | 1 to 2 Weeks | 1 to 2 Weeks |
Lien Position | 1st Deeds of Trust Personal Guaranty |
1st Deeds of Trust Personal Guaranty |
Proceed Usage | Purchase, Refinance, Renovation, Bridge, Double Escrow, Transactional Loans | Purchase, Refinance |
Renovation Financing | ✔ | ✖ |
Nationwide Reach | ✔ | ✔ |
Gone are the days of the traditional hyper-local loans. Scale your business with Patch of Land. We are your nationwide alternative real estate lender, with the ability to lend in 45 states.
Purchase? Refi? We've got you covered! Our mid term loans are available for real estate entrepreneurs looking to purchase brand new properties or refinance exisiting ones.
Our easy application process takes only minutes to complete! Just send us some background information about yourself and details about your project and funding needs.
Stay focused on your vision! We keep your payments low while you work on your project with interest-only payments for the duration of your loan term.
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©Patch of Land Lending, LLC, a subsidiary of Patch of Land, Inc., is the originator and lender of record. NMLS#1286539; CFL License 60DBO-45420; Oregon Mortgage Lender License #5384. We currently lend in all states except for the following: AZ, NV, SD, OR, MN. Origination fees and other fees may apply. This is not an offer to lend. Any financing will be subject to a credit evaluation, approval of the subject property, and other restrictions. 7 day funding window begins once all due diligence documents are submitted and requires clear title. Terms and conditions are subject to change. To qualify, a borrower must meet our underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must meet certain conditions. Your actual rate will depend on a variety of factors. Rates and Terms are subject to change at anytime without notice.