REI Programs Overview

Fast & Flexible Direct Capital

Purpose: Purchase, Refinance, Cash Out, Fix & Flip, New & Mid Construction (Residential)

Properties: Residential, Commercial, Land

*No Rural Residential or Commercial

Residential: SFR, 2-4 Plex's, Condo, Townhomes, Multifamily, Portfolios, Land with Residential Vertical Construction (No Development or Horizontal)

Commercial: Retail, Mixed Use, Storage, Office, Warehouse, Automotive, Day Care, Residential Senior Care Home (Residential Zoning only), Light Industrial, Restaurant (no stand alone, Strip Mall or Mixed Use only), Mobile Home Parks (no Rural, roads must be paved)

Loan Size: $50k - $6.5M, Portfolio's to $10M (min unit value 80k+)

LTV: 80% Purchase, 75% Refi, 70% Cash Out, 90% CLTV on Residential & Commercial Purchases with Seller Carry (min 3yr loan term required on 2nd mtg)

LTC: to 90% Purchase & 100% Budget

Term: 12 mo - 30 yrs, Bridge & Long Term Capital

Seasoning: No Seasoning on Properties Listed for Sale

Lending Area: Nationwide excluding AZ, ID, ND, NV, MN, OR, VT, UT

Rates: from 5.9% Fixed & 9.5% I/O; Quoted Daily 

Interest Only Option Available on 30 yr Loans

Points: from 1 - 2%

Funding: 12 - 20 days business days

Credit (mid score): 640 Rehab, 660 Rentals and Bridge, 680 Construction, No FICO on <50% LTV Residential & Commercial

Soft Credit Pull Only, No Hard Inquiries

Experience: Rentals 0, Rehabs 1-2, Construction 4+

Borrowers: US Entity & Individuals (Investor Only)

*No Min Sq Ft, No Tax Returns, No DSCR options on Residential & Commercial