General loan terms and conditions
Liberty Funding & Investment is a direct financier based in all 50 states, Canada, Australia, United Kingdom and other countries., Our lending strategy was established to provide short/long to intermediate term financing.
We understand that a flexible and dependable financing partner is a key component to a successful investment strategy. By delivering a flexible array of lending solutions in a quick, efficient and client-focused process, we are committed to becoming your partner and growing your business to its full potential.
WE OFFER:
* Personal loans
* Business loans
* All related Real Estate loans
* Trucking (Truck purchase & Equipment purchases)
* Debt consolidation loan
* Refinance and Cash-Out.
* Constructions loans.
* Project Management
* Business Start-up/Expansion
TERMS & RATES:
* Up to 95% PP and Rehab
* 4% interest rate
* No Prepayment Penalty
* 1-30 years repayment plan
* No Co-signer needed
* Construction Cost up to 100% of all cost
* Origination fee
* Close in 1-3 business days
* No Pull on credit
* Loan amounts $50,000.00 - $5,000,000.00
LOAN TERMS AND CONDITIONS:
(1) Borrower must have an active bank account in his/her personal or company name which will be used to receive the loan funds transfer.
(2) The borrower is to provide these shortlisted documents for verification.
i. Filled application form
ii. Valid ID card (front and back)
iii. Recent utility bill
iv. Three (3) months bank statements
v. LLC certificate of registration.
(3) Borrower will start the repayment of his/her loan 2 months after the loan has been transferred. This period is referred to as the grace period before repayment.
(4) There are no early repayment penalties attached to this loan.
(5) This borrower credit is not a requirement for this loan approval.
(6) Interest: Interest rate shall be 4% annually irrespective of the loan amount on a monthly repayment basis.
(7) Loan Process: It takes a turn around period of 2-3 business days from application till funding.
(8) Loan origination: You will be required to make an upfront down payment for the loan origination fee after your request has been approved for funding by the management. This one time origination fee covers all charges regarding this transaction before funds disbursement.
(9) The loan funds will be disbursed via bank wire to the borrower recipient account after completing the application process in full. Please note that we are eligible to make both domestic and international wire transfers.
(10) The loan funds disbursement will be a single draw of the entire requested amount, NOT in separate draws.
REQUIREMENTS:
1. Borrower must be at Least 20 years of age.
2. The Loan will be granted regardless of your credit score not less than FICO 500 minimum.
3. There is no prepayment penalty.
4. Borrower do not need a Co-Signer for this loan.
5. Borrower must be a Citizen or have a residential permit of where you are applying from.
6. Borrower must have a Government issued ID CARD preferably a Driver’s License, Social Security Card, Passport.
7. Credit Report (to verify debt).
8. For real estate loans (scan a copy of contract agreement from sellers).
9. Recent utility bill receipt (not older than 90 days).
9. Recent bank statement of account.
10. Borrower is responsible for the loan origination fee.
LOAN PROCESSING:
1. Application Form:
To be completed and duly submitted from the website (Apply Now)
2. Supporting Documents to be sent:
Identity such as International Passport, Driver's License and any Utility Bill including bank statement of account for the past 3 months.
Signing of Loan Contract Agreement:
In completing the signing of the loan contract agreement, Borrower would proceed with the lender preferred escrow company for the final closing.
NOTE: all fees are paid after approval and documents signed with the loan company.
This term sheet sets out the general guidelines of the loan program, and it is designed as an aid to prospective borrowers, or other clients.
This term sheet does not represent or imply a contract or an offer to lend funds. An offer to lend funds may only be made by written commitment letter issued by the Lender to a prospective Borrower. This term sheet is subject to change at any time without notice at sole discretion of the Lender.
We sincerely trust you will be satisfied with the terms, rates and conditions of our loan programs.
Should you have any questions you would like to ask so as to know, feel free and do not hesitate to do so in order to give you a clear clarification.