Our mission as your agent:
It is the mission of 4Ward Community Development Corporation is to provide the keys to success in life through
money management, obtaining and maintaining good jobs and coping skills to survive in today’s society. We will
create opportunities for low income families and individuals who need support in job training, retraining and
training in the management of money. In doing so, we hope to help each individual save and prepare for buying
a home, starting a business and furthering their education in trade schools, college or apprentice programs. The
goal is to make resources, speakers and information available to them through seminars, classroom
training/meetings and workshops. We intend to provide a list(s) of resources to further their development in money
and budget management.
money management, obtaining and maintaining good jobs and coping skills to survive in today’s society. We will
create opportunities for low income families and individuals who need support in job training, retraining and
training in the management of money. In doing so, we hope to help each individual save and prepare for buying
a home, starting a business and furthering their education in trade schools, college or apprentice programs. The
goal is to make resources, speakers and information available to them through seminars, classroom
training/meetings and workshops. We intend to provide a list(s) of resources to further their development in money
and budget management.
Info for Buyers / Investors
FOR BUYERS AND INVESTORS
What you should know:
With conventional lending becoming increasing hard to obtain we recommend that our clients
explore this option; 100% financing is available for Construction, Business Acquisition and
Project Funding for all types of transactions. The rates are very favorable ranging from 5.50% to
9.50%. Interest only payments can be arranged.
The client is required to escrow pre‐paid interest at 10% of the requested loan amount with the
lender’s attorney within 5‐7 days after the client signs the LOAN COMMITMENT. The Loan
Commitment is subject to due diligence. At closing the pre‐paid interest will be released to the
lender with permission to draft the account monthly in order to pay interest. An important
feature of this transaction; if for any reason the loan is not funded the full amount on deposit in
escrow will be returned to the client, less the hard cost of appraisal, inspections and third party
due diligence.
This loan does not have strict lending guidelines. The lenders are very flexible, easy to work
with and accommodating. This program is also available internationally.
explore this option; 100% financing is available for Construction, Business Acquisition and
Project Funding for all types of transactions. The rates are very favorable ranging from 5.50% to
9.50%. Interest only payments can be arranged.
The client is required to escrow pre‐paid interest at 10% of the requested loan amount with the
lender’s attorney within 5‐7 days after the client signs the LOAN COMMITMENT. The Loan
Commitment is subject to due diligence. At closing the pre‐paid interest will be released to the
lender with permission to draft the account monthly in order to pay interest. An important
feature of this transaction; if for any reason the loan is not funded the full amount on deposit in
escrow will be returned to the client, less the hard cost of appraisal, inspections and third party
due diligence.
This loan does not have strict lending guidelines. The lenders are very flexible, easy to work
with and accommodating. This program is also available internationally.
We will work together
Features of the loan:
• No application fee, due diligence fee or pre‐closing fees
• Timing for Closing: 60‐120 days from escrow payment ‐ depending upon the project and
project preparation time
• To qualify, the client must have a minimum of 10% in cash available to be placed in
facilitating Attorney escrow trust account
• All fees and points are paid out of closing proceeds
• 10% due at contract signing (transferred from escrow) – Held as prepaid interest reserve
• Draw down schedule for construction
• Legal Services: Outside counsel approved by lender and paid by Borrower
• Third-Party Reports, such as inspections, appraisals, etc. Required for funding
• Recourse: Negotiable; Carve-out provisions always apply
• Balloon payment at end of term – up to 10 years
• No application fee, due diligence fee or pre‐closing fees
• Timing for Closing: 60‐120 days from escrow payment ‐ depending upon the project and
project preparation time
• To qualify, the client must have a minimum of 10% in cash available to be placed in
facilitating Attorney escrow trust account
• All fees and points are paid out of closing proceeds
• 10% due at contract signing (transferred from escrow) – Held as prepaid interest reserve
• Draw down schedule for construction
• Legal Services: Outside counsel approved by lender and paid by Borrower
• Third-Party Reports, such as inspections, appraisals, etc. Required for funding
• Recourse: Negotiable; Carve-out provisions always apply
• Balloon payment at end of term – up to 10 years
Hard Money Lenders
| 1800 sqft $160,000 |
| Condo $100,000 |
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| FEATURED PROJECTS |
757.490.3940
Info@4wardcdc.com
Info@4wardcdc.com
| 3 bdrm Home $175,000 |
