National Equity Lending Corp. is a mortgage brokerage specializing in direct private lending.
We provide non-conventional mortgage solution to borrowers who fall outside B lending guidelines. NELC’s alternative mortgage solutions focus on equity approvals without the need for strict debt service ratios, credit scores, or income verification in most cases.
Why fund your next deal with NELC
We offer flexible solutions without having to rely on set lending guidelines. Our team is committed to fast 24 hour turnaround time for commitment and getting deals funded as quickly as 48 hours. By using a common sense approach with each file, we approve and fund more deals than others.
What We Do
- First, Second, and Third mortgages for any purpose
- No credit or minimum beacon score requirements
- No income verification required
- Deposit financing
- Bank turndown rescue loans
- Bridge and inter-alia loans
- Short -Term Financing
- Flexible payment terms – interest only, prepaid and interest reserve available
- Terms for up to 24 months
Loan to Value
- Up to 75% Loan to value: Urban residential properties
- Up to 65% Loan to value: Small town, rural residential, acreages
- May consider higher LTVs on exception
- First and Second mortgages up to 1 Million
- Up to 65% LTV (May consider higher LTVs on exception)