Loan Program Options

 

 

 

LOAN PROGRAMS

 

 

 

 

 

 

 

MULTIFAMILY 5+ UNITS

 

 

 

 

 

 

 

 

 

OFFICE

 

 

 

 

 

 

 

 

 

RETAIL

 

 

 

 

 

 

 

 

 

INDUSTRIAL / WAREHOUSE

 

 

 

 

 

 

 

 

 

Fix & Flip / 1 - 20 Units Residential

 

 

 

 

 

CONFORMING PURCHASE & REFINANCE PROGRAMS


3 Year Fixed - Conforming

Interest Rate Fixed initial 3 years, 30 year term, 30 year amortization, adjusts semi-annually starting in year 4, based off six month libor index, prepayment penalty, minimum credit score 640-650, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


5 Year Fixed - Conforming

Interest Rate Fixed initial 5 years, 30 year term, 30 year amortization, adjusts semi-annually starting in year 6, based off six month libor index, prepayment penalty, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


7 Year Fixed - Conforming

Interest Rate Fixed initial 7 years, 30 year term, 30 year amortization, adjusts semi-annually starting in year 8, based off six month libor index, prepayment penalty, minimum credit score 640-650, max LTV 75%,office, retail, industrial, multifamily, 1-4 units investment, no land


10 Year Fixed - Conforming

Interest Rate Fixed initial 10 years, 30 year term, adjusts semi-annually starting in year 11, based off six month libor index, prepayment penalty, minimum credit score 640-650, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


15 Year Fixed - Conforming

Rate Fixed 15 years, 15 year term, 15 year amortization, prepayment penalty, minimum credit score 640-650, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


30 Year Fixed - Conforming

Rate Fixed 30 years, 30 year term, 30 year amortization, prepayment penalty, minimum credit score 640-650, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


HARD MONEY / BRIDGE LOAN PURCHASE & REFINANCE


 1 Year Fixed Interest Only - Non-Conforming

Interest Rate Fixed for 1 year, interest only payments, loan due at end of one year, no prepayment penalty, no minimum credit score, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


2 Year Fixed Interest Only - Non-Conforming

Interest Rate Fixed for 2 years, interest only payments, loan due at end of year two, no prepayment penalty, no minimum credit score, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


3 Year Fixed Interest Only - Non-Conforming

Interest Rate Fixed for 3 years, interest only payments, loan due at end of year three, no prepayment penalty, no minimum credit score, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


3 Year Fixed P&I - Non-Conforming

Interest Rate Fixed 3 years, principal and interest payments, 30 year amortization, loan due end of 30 years, semi-annual adjustment starting in year 4, prepayment penalty, 650 minimum credit score, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


8 Year Fixed P&I - Non-Conforming

Interest Rate Fixed 8 years, principal and interest payments, 30 year amortization, loan due end of 30 years, semi-annual adjustment starting in year 9, prepayment penalty, 650 minimum credit score, max LTV 75%, office, retail, industrial, multifamily, 1-4 units investment, no land


Fix & Flip Line of Credit


The Fix & Flip Line of Credit is for experienced investors with 1+ completed flip projects in the last 24 months, and credit scores above 620. Max credit line is equal to 5 times borrower liquid cash in bank which an be used for multiple projects


$50,000 - $3,000,000


9 month term with two 3 month options to extend


Funding up to 90% of the purchase price


Funding up to 95% of rehab costs, max 75% ARV


Minimum 3 months interest payments


620+ Credit


Full-Doc Loan


SFR, 2-4 Units, Condos, Townhomes & Multifamily up to 20 Units. Must be non-owner occupied.

Fix & Flip Single Loan


The Fix & Flip Single Loan is for inexperienced or novice investors no completed flip projects in the last 24 months, and credit scores above 620.


$50,000 - $1,000,000


9 month term with two 3 month options to extend


Funding up to 85% of the purchase price


Funding up to 85% of rehab costs, max 70% ARV


Minimum 3 months interest payments


620+ Credit


Full-Doc Loan


SFR, 2-4 Units, Condos, Townhomes & Multifamily up to 20 Units. Must be non-owner occupied.


Fix & Flip NO DOC Loan


$50,000 - $10,000,000


12 month term with two 6 month options to extend


Funding up to 75% of the purchase price


Minimum 3 months interest payments


No Minimum Credit


Limited Documents Required


SFR, 2-4 Units, Condos, Townhomes & Multifamily. Must be non-owner occupied.


 New Construction


Ground-up construction loan for experienced developers and investors with and credit scores above 620.


$150,000 - $3,000,000


12 month term with up to three 3 month options to extend


Funding up to 75% of the purchase price / land value


Funding up to 95% of the construction costs, max 75% ARV


Minimum 3 months interest payments


620+ Credit


Full-Doc Loan


SFR, 2-4 Units, Condos, Townhomes & Multifamily up to 20 Units. Must be non-owner occupied.

 

 


MORE PROPERTY TYPES FINANCED

Self-Storage Facilities

Single-Family Flip Projects

Land Development

Warehouse

Equipment/Machinery

Mobile Home Parks

Raw Land

Resorts

Restaurants

Mixed Use

Convenience Stores

Gas Stations

Medical

Gold Mines

Car Wash

Hospitality

Hotel/Motel

Tavern

New Residential Development

Pawn Shops

Golf Courses

Marinas

Auto Body Repair

Industrial

Owner Occupied Business

Special Purpose Properties

Conversions