Asset Based, Niche Programs
Hassle Free Quick Close Capital
No FICO I No Appraisal I No Income
No Payments I No Seasoning I No DSCR
Commercial, Residential, Land
REI Capital Mortgage Brokerage
LUXURY RESIDENTIAL to $50M
Loan Size - $3 - $50 million
Rates - from 8.99% I/O
Purpose - Purchase, Refinance, Rehab, Construction
Asset Types - Single Family Residential only
FICO - 660 mid score +
LTV's - 75% Purchase
LTC - 95% Build or Rehab
ARV - to 80%
Term - 12 - 24 months I No PPP
Borrowers - Domestic & Foreign Investors
Experience - Min 4 recent required
Lending Area - CA, FL, HI, other markets case by case
85% - 100% FINANCING
Deferred Payments, Points Rolled In
Loan Size - Up to $2.5M per loan
Rates - from 10.99% I/O
Points - Rolled into Loan
Purpose - Purchase, Refinance, Rehab & Construction Only
Asset Types - SFR, 2 - 4's only
CREDIT - 680 mid score + required; Soft Credit Pull
LTC - 85% to 100% (1st & 2nd Lien) 100% of Budget
ARV - 70% or less
Term - 12 months with No PPP
Borrowers - US & Permanent Residents
Experience - Min 4 "required" in last 5 yrs
Lending Areas
AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,IL
IN,KS,MA,MD,MO,MN,NC,NH,NJ,NV
OH,OK,PA,RI,SC,TN,TX,UT,VA,WA,WI
*Not all projects will qualify for the 100% program, actual leverage may be 85% - 100%; Deferred Payments, Points Rolled In & 100% of Budget always included
LAND LOANS
Loan Size - from $500k - $50M
Rates - from 8.99% I/O
LTV - to 50% max, higher with cross collateral & IR's included
Term 12 - 18 mo
FICO - None to 650 mid score +
Lending Area - Nationwide; Sunbelt States with stable, growing economy
Borrowers - Domestic & Foreign Investors welcome
Eligible Assets - Fully and Un-Entitled for SFR or Commercial Use
Clear Zoning, Infill Lots in strong markets
ASSET BASED LOANS
Loan Size - from $250k to $10m
Rates- from 10.99%
Purpose - Purchase, Refinance, Cash Out
Asset Types - Residential and Commercial & Commercial Construction (CA & CO)
Term - 12 - 24 mo
Lending Area - Nationwide
NO FICO
NO APPRAISALS
NO DSCR
NO EXPERIENCE CONSTRUCTION
(Residential only)
NO SEASONING
Loan Size - 250k to $5m
Rates- from 10.99%
Purpose - Purchase, Refinance, Cash Out
Asset Types - Residential SFR, 2-4's completed new builds, rehabs & homes listed for sale
No Seasoning
LTVs - to 80% Purchase I 75% Cash Out
Terms - 12 & 24 mo
FICO min 620
DSCR - Not required for 1 yr term
Lending Area - Nationwide
Prepayment Penalty - 0 for 1 yr term, 1 yr for 2 yr term
CA ASSET BASED
Loan Size - $250k - $5M
Rates - from 10.99%
Purpose - Purchase, Refinance, Cash Out
Rehab, Construction
Asset Types - Residential, Commercial
Cannabis Properties to $10M
Loan Term - 12 mo (extension option)
Prepayment Penalty - 6 mo
LTV - up to 65% 1st Position
Closing - as little as 5 days
No Minimum FICO, Soft Credit Pull
No Income Verification
No 3rd Party Appraisals
Defaults, foreclosure bail-outs & bankruptcies OK
Borrowers - All Welcome
No Rural Properties
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