Tweet
We are a direct funding company focused on secure loans:
- Commercial trucks, heavy-duty, medium, and light trucks.
- Construction Equipment.
- SUVs, RVs, and Busses.
- Boats, Yachts, Luxury cars, and LIMOs.
- Real estate, commercial and residential.
We focus on clients with subprime credit or that have been declined by traditional banks.
We pay, on the closing date, 5% to 10% commission to brokers.
Attached my lending guidelines.
If you have a client that cannot get approved by traditional means, please send it to us and we will have approval within a couple of hours. I just need a Credit Application, an Invoice from the seller, and a Spec sheet of the asset.
NO PREPAYMENT PENALTY | NO FICO MINIMUM | PAST BANKRUPTCY OK | NO CITIZENSHIP REQUIRED | START-UPS OK
COMMERCIAL TRUCK: LEASING PROGRAM
ALL CREDITS ARE ELIGIBLE FOR THIS PROGRAM, BUT DOWN PAYMENT DEPENDS ON THE CLIENT'S CREDIT SCORE:
- B CREDIT: 20%
- C CREDIT: 30%
- STARTUP, BANKRUPTCY, OR NO CREDIT: 40%.
- DEAL SIZE: $100,000 - $2,000,000
- YACHT 30’ - 65’ LENGTH
- AGE: 10 YEARS OR NEWER
- TERM: 2 - 10 YEARS
- LTV: 50 – 75% “COLLATERAL ACCEPTED”
- DEAL SIZE: $250,000 - $3,000,000
- CATEGORIES: PLANES, HELICOPTERS & JETS
- AGE: DEPENDS ON CATEGORY AND & MFG
- TERM: 2 - 10 YEARS
- LTV 50 – 75% “COLLATERAL ACCEPTED”
- DEAL SIZE: $100,000 - $250,000
- AGE: 5 YEAR OR NEWER
- “EXCEPTIONS APPLY”
- TERM: 12 - 48 MONTHS
- LTV: 50 - 80%
- DEAL SIZE: $60,000 OR HIGHER
- AGE: 2 YEARS OR NEWER
- TERM: 24 - 60 MONTHS
- LTV: 50 - 80%
RV GUIDELINES
- DEAL SIZE: $100,000 - $1,000,000
- AGE: 6 YEARS OR NEWER
- TERM: 2 - 10 YEARS
- LTV 50 – 75%
- DEAL SIZE: $80,000 - $500,000
- AGE: 3 YEAR OR NEWER
- TERM: 2 - 6 YEARS
- LTV: 50 - 70%
------------------------------
Rodolfo Davalos
Lending underwriter
East Harbor
E: rd@eastharborfinancial.com
P: 786-461-6487
www.eastharborfinancial.com
