SFR PROGRAMS
Call for details on our new construction loan program for SFR and small apartment properties.
One Off Rehab Loans
- Loan amounts from 250k to $2.5M
- Term from 9 to 24 months
- Points from 2
- LTV lesser of up to 65% of ARV, 80% of cost (60% LTV, 75% LTC for apartment properties up to 30 units)
- Rates from 12%
- FICO minimum 620
- Borrower can be individual or LLC
Rehab Lines of Credit
- Loan amounts from $250k to $20M
- Minimum ARV $80,000, Loan amount of $50,000 per property
- Term of 9 to 12 months
- Lesser of maximum 65% of ARV or 80% of cost
- Rates from 10%
- Minimum 620 FICO
Long Term Rental Portfolio Loans
- Loan amounts from $250k to $25M
- Minimum loan per property of $50k
- Terms of 5, 10 or 30 years
- Points from 2
- LTV up to 75% with recourse, 60% for non-recourse
- Minimum 620 FICO
- Amortization is 30 years
- No prepayment penalty on 30 year loan, step down prepay on shorter term loans.