Pioneer In Lending For Over 29 Years!
Why spectrum
Lending Parameters
- $500K - $35M loan amounts
- 12 - 36 month terms
- Same day term sheet
- Residential and commercial properties including land and construction
- Up to 70% LTV for best in class assets
- Underwriting based on quality of asset
Hard Money Loans: FAQ
What do I need to do to become approved with Spectrum?
To become an approved broker with Spectrum you only need to provide your current NMLS # and proof of good standing, that’s it. Commercial loan originators do not need to be licensed to conduct business with us.
Do our fees go on the HUD?
Yes, brokers are always protected and their fees always appear on the HUD and are paid directly by the closing agent.
Is there premium pricing?
Spectrum does not offer premium pricing programs for hard money loans.
Can I use my closing agent?
Yes. Our attorney will produce closing documents and review title.
Do you have rate sheets and guidelines?
No. Every hard money loan is custom tailored and therefore we do not issue any generic rate sheets or matrix’s.
Our team
Robert Gutlohn, Lauren Gutlohn and Ross Gutlohn
