Collateral

• Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

LTV:

• Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV

Term:

• 12 – 18 Months

Minimum As-Is Property Value:

• $50k for Single-Family
• $25k per Unit for 2-4 Family
• $35k per Unit for Multi-Family (5+)/Mixed-Use

Loan Amount:

• $50k – $7.5M for 1-4 Family, Condos, & Townhomes
• $250k – $10M for Multi-Family (5+)/Mixed-Use

Minimum FICO:

• 620

Pre-Payment Penalty:

• N/A

Collateral

• Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

LTV:

• Purchase:
  Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
• Refinance:
  Up to 80% of the As-Is Value
• Cash-Out:
  Up to 75% of the As-Is Value

Amortization Options:

• 30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available

Property Values:

• “As Is” Appraised Value Must Be $100k or Greater

Loan Amount:

• $100k – $2M

Debt Service Coverage Ratio (DSCR):

• 1.10

Minimum FICO:

• 660

Collateral

• Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 70% of Square Footage)

Term:

• 12 – 18 Months (Extended Terms Available)

Loan Amount:

• Short-Term: $250k – $10M ($1M Max per unit)

FICO:

• Short-Term: 620 Minimum

LTV:

Stabilized Bridge

• Purchase: Up to 75% of the As-Is Value
• Refinance:Up to 70% of the As-Is Value
• Cash-Out:Up to 65% of the As-Is Value

Fix & Flip

• Purchase:Up to 80% of the Purchase Price + 100% of Renovation Costs
• Refinance:Up to 70% of the As-Is Value + 100% of Renovation Costs
• Cash-Out:Up to 65% of the As-Is Value + 100% of Renovation Costs

Collateral

• Non-Owner-Occupied Single-Family Properties; Condos; Townhomes

Term:

• 12 – 24 Months

Loan Amount:

• $100k* – $2M
  *Based on Max Loan Amount

Minimum Property Value:

• $150k**
  **As-Completed Value

Minimum FICO:

• 650

Collateral

• Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Multi-Family Apartment Buildings (5 – 9 Units)

Term:

• 3, 5, 7, & 10 Year

Amortization Options:

• 3 Year Term: 30Y Amort + 3Y Balloon, or 3Y IO + 3Y Balloon
• 5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
• 7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
• 10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon

Minimum Loan Amount:

• $55k per Individual Property

Maximum Loan Amount:

• $1.5M per Individual Property
• $20M Overall Portfolio

Minimum Property Value:

• The Minimum property value should be $100K

Individual Property Value:

• 1 Unit: $100k
• 2 – 4 Units: $125k
• 5 – 9 Units: $150k
  

Credit Score:

• 680

Minimum Occupancy Rate:

• 90%*
  *As Evaluated by Both Property Value and Unit Count

Minimum DSCR Requirement:

• 1.20