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.