Single Rental Loans
Purchase or refinance a single rental property with our Single Rental Loan.
Our Single Rental Loan enables real estate investors to purchase a property to expand their rental portfolio. You can also use this loan to refinance a property for a better rate, or take cash out to access equity.
Key Facts About Our Single Rental Loan:
- Purpose: Purchase, limited cash out, cash out of a single rental property
- Individual Loan Size: $75K – $2MM
- Term & Amortization: 30 year fixed, full amortization
- Interest Rate: As low as 5.25%
- Max Loan to Value: Purchase: 80%; Cash-Out Refi: 75%
- Borrower Type: Entity (LLC, Corporation)
- Minimum Experience: NO prior experience required
- Eligible Property Types: Non-Owner Occupied: Single Family Residence, 2 – 4 unit properties, Condos, Townhomes, PUD
- Minimum Credit Score Required: 575
Misc:
- No W-2, paystubs, or tax returns required
- Foreign Nationals allowed (60% LTV max, eligible countries only)
- Interest-only payments
- Rural properties not permitted
Fix & Flip Loans
Get the financing you need for your fix & flip and fix & hold properties.
Tired of having to go through the time-consuming process of getting financing on each property you want to purchase?
Those days are gone!
Our Fix & Flip Exposure Limit Program allows investors to acquire and/or renovate multiple properties up to an approved Exposure Limit which acts similar to a Line of Credit (based on Individual & Business approval).
With our Fix and Flip Exposure Limit simply apply once a year, and get approved for an Exposure Limit Amount.
Use your Exposure Limit to:
– purchase multiple properties at a time
– pay cash for properties
– negotiate better purchase prices due to quick closing
– renovate multiple properties at a time
– save time – you don’t have to find financing for every property
Once you’re ready to put the a property on the market, we can put a mortgage in place, with interest only payments for up to 18 months. This frees back up the amount used on the Exposure Limit for that property so that you can move on to the next property… without having to wait for the first property to sell!
Because you don’t have to wait for Property 1 to sell before moving on to Property 2, most clients are able to flip 30% – 50% more properties per year!
What will that do for your bottomline?
Key Facts About Our Fix & Flip Loans:
- Purpose: Rehab loan for non-owner occupied residential investment property
- Individual Loan Size: $50K – $5MM
- Exposure Limit Amount: Business approval limits of $500k – $10MM
- Max Loan-to-Value (LTV): Up to 70% After Repair Value (ARV) LTV
- Max Acquisition Financing (LTC): Up to 90% LTC
- Rehab/Construction Financing (LTC): Funding up to 100% rehab budget up to % Approved LTV of Total Costs
- Borrower Type: Entity (LLC, Corporation)
- Minimum Experience: NO prior experience required
- Eligible Property Types: Non-Owner Occupied Single Family Residence, 2-4 units, Condos, Multi-family, Mixed-Use
- Minimum Credit Score Required: 600
Misc:
- Soft Costs included in financing (contractor’s fees, contingency fees, permits, surveys, etc.)
Bridge Loans
Grow your real estate investment business with us. Bridge loans are ideal for temporarily holding assets.
Need more time to turn a property or complete your light rehab project? Consider a Bridge Loan. Time is money… we offer both!
Key Facts About Our Bridge Property Loan:
- Purpose: To temporarily hold assets, floating the market
– Property as-is must be 100% complete and marketable or rent ready
– Purchase and refinance transactions eligible - Individual Loan Size: $75K – $2MM
- Exposure Limit Amount: Individual and Business approval limits of $500k – $10MM
- Max Loan-to-Value (LTV): Up to 90% LTV
- Max Loan-to-Cost: Up to 85% LTC
- Rehab Financing: Up to 100%
- Borrower Type: Entity (LLC, Corporation)
- Minimum Experience: Minimal real estate experience required
- Eligible Property Types: (non-owner occupied) SFR, 2-4 units, Condos, Multi-family, Mixed-Use
- Minimum Credit Score Required: 600
Misc:
- As-is appraisal only, no ARV
- Optional interest reserves
- 12 or 18 month property loan terms
New Construction Loans
Construction financing for infill, tear down, and spec homes in urban locales.
- Not for tract home projects or new subdivisions (10+ homes)
- Mid-Construction financing options available
Key Facts About Our New Construction Loan:
Purpose: infill, tear down and spec homes
– Ground-up construction loans for developers and investors building 1-5 properties at a time
– Lot financing can be included, if lots are in build-ready condition
- Individual Loan Size: $50K – $5MM
- Max Loan-to-Value (LTV): Up to 70%
- Max Acquisition Financing (LTC): Permitted: up to 75% LTC / Unpermitted: up to 60% LTC
- Rehab/Construction Financing: Funding up to 100% construction budget up to % Approved LTV of Total Cost
- Borrower Type: Entity (LLC, Corporation)
- Minimum Experience: (2) builds and (1) rehab experience required
- Eligible Property Types: Non-Owner Occupied Single Family Residence, 2 – 4 unit properties, townhomes, condos
- Minimum Credit Score Required: 600
