Residential and Commercial loan Products

Our business partner is a direct private capital provider for residential and commercial real estate assets. We fund debt and/or equity structured transactions for unique or difficult situations. We have access to a conduit lending platform as well that allows us to fund deals that may not fit on our balance sheet but are still successful projects. This provides flexibility for you and allows us to always evaluate each deal individually and provide the best rate/terms available.

 

Residential Fix and Flip (Purchase and Refi)

Guidelines:

Criteria

Minimum Loan Amount

$75,000

Maximum Loan Amount

No maximum

Maximum LTV

80% to 90% of purchase price 100% of rehab 65% to 70% of ARV 85% of the as is value

Purpose

Purchase

Refinance

Lien Position

First only

Timing (estimated)

First deal:     10-21 days

Second deal:  5-10 days

Term

12 months

Location

Nationwide

Interest Rates

7.99-12

Rehab Holdback

100% of Rehab Funds

Origination Fees

1 to 5  points

Amortization

Interest only, no prepayment penalties

Recourse

Recourse

Borrower Entity

Entity Only

Minimum Credit Score

550 or higher