100% FINANCING ON INVESTMENT REHABS*
LoanSum provides Hard Money loans to purchase and
renovate single-family, multi family and commercial properties in the St Louis,
Missouri area. Our loan programs "see Terms and
Conditions" are determined on a case-by-case basis and approval is
based on the property, exit strategy and ability to make the interest payments.
At LoanSum, we can close your loan very quickly with minimal paperwork involved
(no tax returns or financial statements).
FLEXLOAN IS HERE!
4, 6 and 8 Month Terms now available for new and existing customers. LoanSum’s
new Flex plan addresses all the new refinance guidelines for seasoning and payment
history. No other lender in the Saint Louis market has the loan term flexibility
and cost savings of a LoanSum Flexloan. And when it comes to refinancing your loan
no other lender programs are more acceptable to the mortgage industry than a LoanSum
loan. Call 314-971-7999 for details.
- Account Approval within 24 hours
- Lending 100% Acquisition, Repair and Loan Fees*
- Loans up to 70% LTV (based on ARV)*
- Contractor on staff providing bid review and inspections
- 30 years combined Lending and Rehab Experience
Get Started is as easy as 1 2 3...
Step 1
CREATE AN ACCOUNT
Click "Create Account" and fill in the
required fields and submit to LoanSum to set up your account. Submitted applications
can be approved in less than 24 hours if your request is received during regular
business hours. If approved you will receive an email with your user name and password,
which will allow you access to the members section of the LoanSum website where
you will be able to submit loan requests, request pre-approval letters and much
more.
Step 2
SUBMIT LOAN REQUEST
As a LoanSum Approved Borrower you may submit a loan request for any property you
wish to purchase by first logging on to the LoanSum website and selecting "Submit
Loan Application"*. Submit the online application and we will start the loan
process.
Step 3
LOAN APPROVAL
Once LoanSum receives the online loan request and other required documents (see
Closing Checklist under Loan Program) we will
start the loan process. You will need to provide LoanSum with a signed contract
for the property, construction/repair estimates and a lockbox combination to allow
inspector access to property. Once LoanSum receives the appraisal and all required
closing documents we would be able to provide the funding needed to purchase property.
CALL 314-971-7999
MON-FRI 8:30am to 5:30p CST