Loans

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General Lending Guidelines

  • Non-Owner Occupied
  • Lending in CA
  • Individuals, LLC’s, Corps, Trusts
  • Asset driven
  • Stated income
  • Bad credit accepted

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Fix and flip: 80/80 Program

  • Up to 60% of ARV
  • 80% of Purchase Price and 80% of Rehab Financing
  • 10-11% Rate IO
  • 2-4 Pts (Depends on scope of work & loan size)
  •  Not credit driven
  •  Loan Amount Up to 5 Million

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Fix and flip: 85/100 Program

  • 60% Up To 70% of ARV
  • 85% of Purchase Price and 100% of Rehab Financing
  • 11-12.49% Rate IO
  • 2-4 Pts (Depends on scope of work & loan size)
  •  Not credit driven
  •  Loan Amount Up to 1.5 Million

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Buy and Hold

  • 80% LTV based on Purchase Price (20% down)
  • 7-8.99% interest rate (Depends on credit & down payment)
  • 2-4 year terms
  • 1-2 year pre-payment penalty
  • 2-4 points
  • Loan Amount Up to 2 Million
  • Required: 3 Months Interest Reserves
  • Qualified component ability to debt service *All stated income with verified assets (bank statements)

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 Construction

  • Up to 65% of ARV
  • Plans Must Be Approved
  • 12-13% Interest rate
  • 3-5 points Not credit driven
  • In Some Situation Fund Control In House
  • Up to 10 Million For Seasoned Borrowers
  • Minimum 600 Credit Score
  • Must Have Construction EXP

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