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Hard Money
Private Money

Richmond Mortgage Inc.

Hard Money, Private Money

How It Works

November 8, 2016 by Tech Admin

The Richmond Mortgage Inc. lending process is fast (1 hour to 24 hour approval), low doc, and NO credit check.

Fill out our five-minute online loan application or call us to start the process. (No credit application and NO credit check required.)

Our Lending Terms

  • Fix & Flip, New Construction, Long Term Rental
  • RMI offers commercial loans (registered business entities only); single-family and multi-family homes, commercial properties, and land as collateral.
  • Our maximum loan-to-value ratio (LTV) is 70% of the after-repair value on a single-family home. Higher loan amounts for long term rentals.
  • LTVs for multi-family homes, commercial properties, and land may vary.
  • APR: 8% to 12.5%.
  • Payoff timeline: 9 to 12 months. Extensions available. Long term loans available for rentals.
  • Pre-Payment: No pre-payment penalty
  • No up-front closing fees or points: You pay points when you sell or refinance your property, of 2% to 10% of the loan amount.
  • 2nd MORTGAGES NOW AVAILABLE
  • JOINT VENTURES NOW AVAILABLE

Where We Lend

  • Richmond*
  • Fredericksburg
  • Hampton Roads
  • Virginia Beach

*No loan minimum in this municipality. Projects in all other areas have a $50,000 minimum loan requirement.

Fill out the five-minute loan application or call Mike Krumbein at (804) 414-8690 or Lisa Girardi at (804) 414-0536 to kick-start the next step of your investment success story.

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Address:
P.O. Box 6784
Richmond, VA 23230

Mike Krumbein: 804.414.8690
Lisa Girardi: 804.414.0536
Fax: 804.288.1899

All rights reserved © 2016 Richmond Mortgage Inc.

Richmond Mortgage, Inc BBB Business Review

The information contained on this website is not an offer to purchase or sell securities. The information, documents, and pages viewable on this website are for informational purposes and are not an offer to sell or a solicitation of an offer to buy any securities in any company, and may not be relied upon in connection with the purchase or sale of any security. The information contain on this website is intended for an indication of interest only; it not an offer to sell or buy securities and is non-binding on the parties pending execution of a definitive agreement. Interest in an issuer company, if offered, will only be available to parties who are "accredited investors" (as defined in Rule 506 promulgated pursuant to the Securities Act of 1933, as amended) and who are interested in investing in the specific issuer company on their own behalf. Any offering or solicitation will be made by an issuer company only to qualified prospective investors pursuant to a confidential private placement memorandum, and the subscription documents, all of which should be read in their entirety by the proposed investor. The information contained herein is confidential and is intended only for the recipient and his or her advisors to whom access to this website, and the information accessible thereon, is furnished.

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Richmond Mortgage Inc.

Richmond Mortgage Inc.