Program | New Construction | Fix and Flip | Rental Bridge | Permanent Rental | Multifamily |
Term | 18 mo | 12 mo | 24 mo | 360 mo | 18 – 360 mo |
Loan $ | $50k-$3M | $50k-$2M | $50k-$2M | $50k-$2M | $250k-$5M |
LTV/LTC | 75%/90% | 75%/90% | 80%/100% | 80%/100% | 75%/100% |
Rate | 8.25%+ | 7.49%+ | 7.49%+ | 3.25%+ | 4.5%+ |
More Info | More Info | More Info | More Info | More Info |
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