Lending Programs

Fix & Flip 

BASIC LOAN CRITERIA 

• Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
• Loan Amount:
  • $50k – $2M for 1-4 Family, Condos, & Townhomes
  • $250k – $5M for Multi-Family (5+)/Mixed-Use
• Term: 12 months (6-Month Extension Available)
• LTV:
  • Purchase: Up to 90% of Purchase Price + 100% of Renovation Costs; Not to Exceed 75% of the ARV
  • Refinance: Up to 72.5% As-Is + 100% of Renovation Costs; Not to Exceed 67.5% of the ARV
  • Cash-Out: Up to 65% As-Is + 100% of Renovation Costs; Not to Exceed 60% of the ARV
• Rates: Starting at 8.25%  
• Credit Score: 650 min

---

Short-Term Bridge for Rentals
BASIC LOAN CRITERIA

• Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
• Term: 24 Months (12-Month Extension Available)
• Loan Amount:
  • $50k – $2M for 1-4 Family, Condos, & Townhomes
  • $250k – $5M for Multi-Family (5+)/Mixed-Use
• LTVs:
  • Purchase: The lesser of Up to 75% of the As-Is Value or Up to 80% Loan-to-Cost
  • Refinance: Up to 70% of the As-Is Value
  • Cash-Out: Up to 65% of the As-Is Value
• Rates: Starting at 8.75%
• FICO: 650 Minimum

---

Long-Term Rental
BASIC LOAN CRITERIA

• Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
• Term: 30 Years
• Amortization Options: 30-Year Fixed; Hybrid ARMS (5/1, 7/1, 10/1); 5 & 10-Year Interest-Only
• Loan Amount: $50k-$2M
• LTV:
  • Purchase: Lesser of up to 80% of As Is Value or up to 80% Loan-to-Cost
  • Refinance: Up to 75% of the As Is Value
  • Cash-Out: Up to 75% of the As Is Value
• Rate: Starting at 3.85%
• Credit Score: 620 min
• Prepayment Penalty: Prepays Adjustable up to 5 Years
• DSCR Requirements 1.10x