LOAN AMOUNTS:
$50,000 TO $3,000.000 +
LOAN TYPE:
1ST POSITION LOANS FOR NON OWNER OCCUPIED (NOO) PROPERTIES ONLY
TERM:
6-24 MONTHS (LONGER TERMS CONSIDERED ON A CASE BY CASE BASIS)
INTEREST RATE:
FROM 7.99%
LTV:
UP TO 65 – 70% ARV
UP TO 85% ACQUISITION + 100% REHAB
LOAN ORIGINATION FEES:
VARIES DEPENDING ON LENGTH OF TERM
LOCATION:
LENDING THROUGHOUT CALIFORNIA, NEVADA AND TEXAS
PREPAYMENT PENALTY:
NO PREPAYMENT PENALTY
BORROWER CONTRIBUTION:
SELLER FINANCING, CROSS COLLATERAL (NOO ONLY), 2ND POSITION GAP LENDERS, ALL ACCEPTED AS DOWN PAYMENT
NUMBER OF LOANS/BORROWER:
NO MAXIMUM AMOUNT OF LOANS PER BORROWER
FIX-N-FLIP OR REHAB LOANS
Up to 85% of the Purchase Price + 100% of the Rehab Construction Costs, or 65 – 70% ARV
2.0 – 3.5 points on most 6-18 month loans
From 8.99% interest depending on LTV
Rehab portion of loan held in Fund Control and released on draws (same day release)
Interest is paid only on drawn amount of loan
No prepayment penalty, extensions available
CONSTRUCTION LOANS
Up to 100% Construction Loan amounts
Loan amount not to exceed 65% of finished value of property
From 3 points on most 12 month loans
From 8.99% interest depending on LTV
Loan is held in Fund Control and released on Draws
Interest is paid only on drawn amount of loan
No prepayment penalty, extensions available
REFINANCES
Up to 65% of current fair market value
2.0 – 3.5 points on most 6-18 month loans
From 8.99% interest depending on LTV
Cash Out Refi Loan will require a Use of Funds letter
Cash Out needs to be used towards business purposes
COMMERCIAL LOANS
Up to 65% of current fair market value
2.0 – 3.5 points on most 6-18 month loans
From 8.99% interest depending on LTV
Cash Out Refinance will require a Use of Funds letter
Cash Out needs to be used towards business purposes
