Are you building and need funding? Have several in-house options for you to look at . If any fits let have a chat.
GROUND UP CONSTRUCTION PROPERTY TYPE: Ground Up Construction Residential (1-4 units) LOAN: $50,000 - $5,000,000 TERM LENGTH: 12 months, Up to 18 at Lender Discretion MAX LTC: Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing MAX LOAN TO COST (TOTAL): 80% MAX LOAN TO ARV: 70% RECOURSE: Full Recourse Only
 
MULTIFAMILY BRIDGE PROPERTY TYPE: Small Balance Multifamily Residential (5+ units) LOAN: $500,000 - $5,000,000 TYPES: Interest Only | Fixed/ Adjustable Rate Mortgage options TERM LENGTH: Up to 24 months + Two 6-month extensions MIN GUARANTOR FICO: Mid-Score of 680 MAX LTC: Purchase Loans: 75% of Purchase/As-is Value + 100% of Rehab Costs Refinance Loans: 65% of As-is Value + 100% of Rehab Costs Cash out Refinance Loans: Subject to LTV guidelines based on mid FICO score MAX LOAN TO STABILIZED VALUE: Purchase/Rate-Term Refinance: 70% Cash out Refinance: 65% RECOURSE: Loans ≤ $2MM: Full Recourse Loans > $2MM: Full Recourse or Limited Recourse with bad-boy carveouts Completion Guaranty/Reserve Replenishment Guaranty when applicable
 
RENTAL PORTFOLIO PROPERTY TYPE: Single Family/2-4 Unit/ Townhomes/PUD/ Warrantable Condos 5-8 Unit Properties allowed up to 15% of loan amount LOAN: $150,000 - $50,000,000 TYPES: 30-yr Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) TERM LENGTH: 5, 10 & 30 Years

Views: 5

Comment

You need to be a member of Real Estate Finance to add comments!

Join Real Estate Finance

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service