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Olena Smaliuk

Bliss Lab LLC
Hard Money LendersEMD Funders

About

I am partnered with HML.
Started EMD lending, time to time can lend GAP or can connect with other lenders (see criteria below).
Are you an HML? Yes
Do you fund EMD? Yes
Do you fund Gap? Occasionally

Lending criteria

EMD: 100% CoC return fee + personal guarantee.
20% of my TC fee is due up-front, with the remaining 80% and my EMD fee due at closing of escrow on purchase of the property.
Property must be under contract.
Please provide the following: IP, calculator, contract & HML terms.
GAP criteria: <70% LTV (newbies), <80-85% LTV ( > 5 deals).
There needs to be financial contribution form the borrower.
Projects with a timeline of 6 months or less.
No bankruptcy.
These are the four biggest requirements.
Everything else is case-by-case and project-by-project.

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