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| Private Lending Services for Borrowers |
| Benworth offers the outstanding service, knowledge and expertise required to quickly and efficiently obtain non-traditional and traditional residential mortgages, commercial mortgages and construction financing. |
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| Benworth’s private lending products offer advantages that are not usually available at commercial banks, mortgage companies and other traditional lenders. Our underwriting standards are based primarily on the borrower’s ability to repay a loan. Loan approval decisions rely less on credit scores and more on the value of the property in relation to the loan amount. This makes it possible for borrowers with isolated credit incidents, or even individuals who have declared bankruptcy, to qualify for a loan. Since most of our loan products require low documentation, they are attractive to foreign nationals who seek to acquire property in South Florida. |
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| We take this approach to lending because we understand that the acquisition of real estate is part of a much bigger picture. And like you, we see the possibilities. |
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| Private Lending Products |
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Short-Term Loans (for periods of up to 5 years) |
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| Advantages of a Benworth Private Loan |
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Loan decisions within 24 hours* |
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Receive funding quickly – as quickly as 2 days |
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Borrow as little as $40,000 or as much as $4 million |
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Eliminate prepayment penalties |
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Repay a fixed amount every month, instead of
variable amounts |
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Interest only payments |
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| Benworth Short-Term Lending Solution |
Benworth provides financing for assets backed by real estate for periods ranging from 24 months to 5 years.
This may be the right solution for you if you are: |
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Waiting for a lump sum payment from an investment, legal matter or sale of an asset |
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Looking for temporary financing until another property
is sold or leased |
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Seeking to close on a transaction quickly to avoid competitive bids, secure a property or lock in an attractive price |
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| Private Lending Guidelines |
| Property Location |
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Florida |
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| Purpose of Loan |
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Purchase primary or secondary residence |
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Acquire property to operate your business |
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Invest in income-producing residential or
commercial property |
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Build a custom home |
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Construct a small residential or commercial
income-producing project |
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| Loan to Value (LTV) |
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Loan to value is a ratio used to assess the
risk of a loan |
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Loans must have a LTV ratio of no more than 65%
to qualify for a Benworth Private Loan |
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LTV = Loan Amount ÷ Current Appraised Value
of the Property |
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