Residential - Purchases and Refinances:

Rehab Loan Program:

• Loans amounts for 65% of After Repaired Value (ARV)
• Interest rate: 12-13% only
• 3-4 points as a loan fee (based primarily on loan size)
• Loan term: 12 months (no prepayment penalty)
• *Our rehab program is typically an 80/20 split of total project cost. EXAMPLE: Purchase price is $80,000 and repairs are $20,000. Total Project Cost = $100,000. We bring in $80,000 and you bring in $20,000. Case by case basis.
• Loan amounts from $75,000 to $450,000
• Fast fundings, from 3 to 7 days

ITEMS WE NEED:

• Loan Application
• Credit Report
• Purchase contract and escrow instructions (preliminary title report if available)
• Corporate (LLC) Formation Documentation (if borrowing as an LLC)
• Recent Bank Statements
• Most recent Federal Tax Return
• Most recent paystubs (if applicable)

Long Term Loans on Income Producing Properties only, Residential 1-4 unit Investment Properties:

• 7.99-9.99%, no balloon, 30 year term, prepay penalty on a case by case
• 65% LTV
• 3-5 points as a loan fee

Requirements:

• Loan application or 1003
• 2 Years tax returns
• 3 months bank statements
• Copy of rent roll and/or lease agreements
• Income statement for property (if available)
• *If owned less than 2 years, need to know when purchased, how much, how much in rehab?

Commercial Bridge Loans – Purchases and Refinances:

• Property Types: Office, Industrial, Multi-Family, Self-Storage, Retail, Senior Housing, Medical, etc.
• Loan amounts from $250,000 to $100 MM
• Loan amounts for up to 75% of purchase price on
• Interest rates from 10% to 12% interest only
• Loan terms 2-5 year
• 4 points as a loan fee
• No upfront fees