Our Products
Fix and Flip (Bridge Loans)
-
Residential (1-4 Units)
-
$50,000-$7,000,000
-
Maxium Loan to Cost: 90% of Purchase and 100% of Rehab
(Terms dependent on experience and credit score)
-
70%
-
12-18 Months at lender discretion)
Rental Loans
-
Single Family/2-4 Unit/Townhomes/PUD/Warrantable Condos
-
$75,000-$2,500,000
-
Maxium Loan to Cost:
o If owned < 3 months, 80% of Total Cost Basis
(Terms dependent on experience and credit score)
-
o Purchase/Rate Term Refinance: 80%
o Cashout Refinance: 75%
(Subject to Minimum Fico 660)
-
(GROSS RENT/PITIA)
1.10X
-
30 Years
-
o Leased Units: Lower (i) In Place Rent & (ii) Market Rent
o Unleased Units: 90% of Market Rent (Purchase Loans only)
New Construction
-
Residential (1-4 Units)
-
$50,000-$7,000,000
-
Maxium Loan to Cost:
o Up to 75% of the lower land value or purchase price/60% if unpermitted,plus 100% of construction
o Max 80% of total project cost
o LTC Catch Up Draw to raise intial advance to 75% at approval of required plans/permits post-closing
-
70%
-
12-18 Months at lender discretion)
Additional Products:
Stabilized Bridge Loans
Residential (5+ units)
Rental Portfolio Loans
Multifamily 5-8 Unit Residential Properties
** All loans terms and conditions are subject to lenders discretion, minmum credit score and project experience.