Loan Programs

SFR, CONDO AND 2-4 UNITS

1st Liens

• Up to 75% LTV.
• Rates from 9.99%.
• 12 - 24 months loan term.
• Minimum 600 FICO, lower - exception only.

2nd Liens

• Up to 65% CLTV.

MULTIFAMILY

1st Liens

• Up to 75% LTV.
• Rates from 9.99%.
• 12 - 24 months loan term.
• Minimum 600 FICO, lower - exception only.

2nd Liens

• Up to 65% CLTV.

RETAIL, INDUSTRIAL, OFFICE

1st Liens

• Up to 75% LTV.
• Start rate - from 9.99%.
• 12 - 24 months loan term.
• Minimum 600 FICO, lower - exception only.

2nd Liens

• Up to 65% CLTV.
• 1st lien must be conventional bank & must agree to junior lien.

RESIDENTIAL (1-4 UNITS)

Up to 85% LTC but not to exceed 65% LTARV

• From 10% rate.
• Minimum score - 640.
• 12 months. Longer term possible depending on scenario.
• "No-experience" flippers - case by case.
• Marketable location.

GENERAL GUIDELINES

1st Liens

• Purpose: Purchase and refinance. transactions Loan Amounts: $150K - $25MM.
• Term: 12 months, interest only. Longer term available in some cases (up to 24 months).
• Credit Score: Not credit score driven.
• Prepayment Premium: Case by case.
• Broker Fees: Case by case but minimum is 2 points.
• Lender Fees: Average of $2,500.
• Other Fees: Valuation, due diligence fees - depending on transaction.

UNDERWRITING GUIDELINES

• Experience: First Time Investor MAX 65% LTV.
• Income Verification: Simple documentation.
• Down Payment: No source
• Appraisal Process: Contact your Account Executive to learn about our streamlined process and cost. Impounds None.
• Foreign Investors: 65% maximum LTV.