| Purpose |
Acquisition, Refinance, Cash Out, Rehab, Construction, Construction Completion (Commercial & Residential) |
| Loan Size |
Small Balance $50k -3.5M, Mid to Jumbo $3M - $100M, Commercial Construction $40M - $200M |
| Assets - Residential |
SFR, 2-4 Units, Warrantable Condo's, Townhomes, PUD's, Portfolios, Infill and Residential Development Land |
| Assets - Commercial |
Multi Family, Mixed Use, Office, Automotive, Retail, Warehouse, Self Storage, Light Industrial |
| Service Area |
Nationwide, State Specific Programs some exclusions may apply |
| LTV / LTC |
to 80% Purchase, to 100% Rehab & Construction, to 75% Cash out, to 65% Bridge |
| Credit (Program Specific) |
50% LTV < 600, No Fico Bridge, 100% Rehab min 680, Average 650 or better |
| Term |
12 mo - 30 yr Fixed, 12 - 18 mo Rehab & Construction |
| Experience |
Min 4+ Verifiable for 100% Rehab/Construction, Min 1-2 Rehab, Min 4 Construction, 0 for Rentals |
| Pre Payments |
0 to 6 mo Bridge, 5 years Term Loans |
| Amortization |
Interest Only Bridge & Fully Amortizing for Long Term |
| Rates |
Bridge from 9.99% - 12.99%, Fixed Rates from 6.99% |
| Points |
2% + |
| Close Time |
Prefer Loans that close in 30 days or less, average is 10 - 20 business days, as little as 5 for Bridge |
