FIX & FLIP

 

LINE OF CREDIT

  • Up to $100MM for Experienced Investors (1+ completed flip in the past 2 years)
  • Loans from $50K - $2.5MM
  • 9 months, with option for 3 months extension
  • Up to 90% of the Purchase Price and 95% of Rehab (Max ARV 75%)
  • No Prepayment Penalty (3 months minimum interest)
  • Borrower can be Individual, LLC or Corporation
  • NOO Single-Family Residence, 2-4 Family-Units, Condos, Town Homes

SINGLE LOAN

  • Single Property Loan for Novice or Experienced Investor
  • Up to 85% of Purchase Price and 90% of Rehab (Max ARV 70%)

Multifamily 5+ Units - Freddie and Fannie Small Balance Loans 

 Product Snapshot:     Freddie Mac          Fannie Mae

  • Multifamily with 5+ Units
  • Loan Size $1MM to $6MM
  • Purchase, Rate-Term Refinance, Cash-Out Refinance
  • Up to 80% Leverage in Top and Standard Markets
  • Up to 70% Leverage in in Small and Very Small Markets (75% for Acquisition)
  • Non Recourse with standard carve-out provisions required
  • Step Down Prepay - Yield Maintenance
  • DSCR: 1.20X-Top-Mkt, 1.25X-Stanard-Mkt, 1.30X-Small-Mkt, 1.40X-Very-Small-Mkt
  • Amortization: Up to 30 Years, Partial-Term IO, Full Term IO may be available

RENTAL PROPERTIES

SINGLE RENTAL LOAN

  • Single Property Loans for both novice and season investors
  • Loan Amount $75K-$750K
  • Asset-based loans with no personal income verification
  • 30 Years Fixed, Full Amortization

PORTOLIO RENTAL LOANS

  • Blanket Loan for 7+ Rental Units to experienced investors
  • Loan Amount $700+
  • Asset-base loans with no personal income verification
  • Min DSCR 1.15X (1.20X for IO)
  • Multifamily 5-20 Units
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