LOAN

TYPES

Fix N Flip

*Non-owner occupied*

  • Property types: SFR, Condo, Townhome, 2-4 unit properties, Mixed-Use

  • Will lend up to 75% of After Rehab Value or 90% Loan to Cost (Generally the lesser of the two)​

  • Funding up to 100% rehab budget and up to % Approved LTV of Total Costs

  • Borrower type: individual or entity

  • 12 months standard term with options to extend

  • Minimum 600 FICO

  • No interest charged on unused rehab funds

  • No pre-payment penalty

  • Very competitive rates.

Rental

*Non owner occupied*

  • Purchase or cash out refinance

  • Property types: SFR, Condos, Townhomes, 2-4 unit properties

  • 30-year fixed rate rental loans – 5, 7, 10 year options available

  • Borrower type: LLC or individual

  • Minimum seasoning requirements - 90 days

  • Minimum 620 FICO

  • Very competitive rates

New construction

*Non owner occupied*

  • Property types: SFR, 2-4 unit properties, Multi-family 5-20 units, Mixed-use, Detached or townhouse style condos. 

  • Ground-up construction loans for developers and investors building 1-5 properties at a time.

  • Financing can include the lot if the lot is in build-ready condition.

  • Includes exposure limit (LOC) for experienced large volume investors, with options for inexperienced investors.

Portfolio

*Non owner occupied*

  • Purchase or refinance 

  • Property types: SFR, Condo, Townhome, 2-4 unit properties, Multifamily (up to 20 units)

  • 30 year fixed with 5 and 10 year options available 

  • Interest only options available 

  • Borrower type: Entity only

  • Minimum 5 properties

  • Minimum 500k loan amount

  • Minimum seasoning requirements - 90 days

  • Minimum 620 FICO

  • Very competitive rates​

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