We write “blanket loans” on residential income producing properties creating an avenue for investors to unlock equity, get out from under hard money and ultimately expand on existing portfolios. This is something that has never been done before and is wildly popular among the real estate investor community.
We lend on 5 or more residential rental units at a time. These rental properties consist of single family homes, condos, townhouses, 2-4 unit multifamily, apartment buildings and mixed use with up to 40% commercial or any combination of the above
Our loan sizes start at $500,000 and range up to $50 million
We offer a 5 and 10 year loan term with 30 year amortization
LTV’s up to 75% as long as the loan size meets a minimum DSCR of 1.20x
The typical turn time from a signed Term Sheet with expense deposit to closing is 45 days