Hard Money Lending Program Overview

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PROPERTY TYPES: Residential (1-4 Units)

LOAN AMOUNT:  $50,000 - $5,000,000

MAXIMUM LOAN TO COST:

    ■ 85% of Purchase  

    ■ 100% of Rehab Costs

MAXIMUM LOAN TO ARV: 70%

TERM LENGTH: 12 months, up to 18 at lender discretion

RECOURSE: Full Recourse

 PROPERTY TYPES: Residential (1-4 Units)

LOAN AMOUNT: $50,000 - $5,000,000

MAXIMUM LOAN TO COST:

    ■ Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction

    ■ Max 80% of total project costs

    ■ LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing

MAXIMUM LOAN TO ARV: 70%

TERM LENGTH: 12 months, up to 18 at lender discretion

RECOURSE: Full Recourse

 PROPERTY TYPES:

Single Family/2-4 Unit/Townhomes/PUD/Warrantable Condos

LOAN AMOUNT

    ■ Min: $75,000 - $2,000,000

    ■ Max: $1MM for SFR

    ■ Max: $2MM for 2-4 unit

MAXIMUM LOAN TO COST

    ■ 85% of Purchase

    ■ 100% of Completed Rehab Costs

MAXIMUM LOAN TO VALUE: (AS-IS AND AFTER REPAIR) 70%

TERM LENGTH: 12 months, up to 18 at lender discretion

RECOURSE: Full Recourse

MINIMUM DEBT SERVICE COVERAGE RATIO (GROSS RENT/PITIA)

1.00x

MINIMUM GUARANTOR FICO:Mid-Score of 660

PROPERTY TYPES: Residential (5+ Units)

LOAN AMOUNT: $500,000 - $5,000,000

LOAN TYPES: Interest Only | Fixed/Adjustable Rate Mortgage Options

MAXIMUM LOAN TO COST: 

     ■ Purchase Loans: 75% of Purchase/As-is Value + 100% of Rehab Costs

     ■ Refinance Loans: 65% of As-is Value + 100% of Rehab Costs

     ■ Cashout Refinance: Subject to LTV guidelines based on mid FICO score

MAXIMUM LOAN TO STABILIZED VALUE:

     ■ Purchase/Rate-Term Refinance: 70%

     ■ Cashout Refinance: 65%

TERM LENGTH: Up to 24 months + Two 6-month Extensions

RECOURSE:

    ■ Loans ≤ $2MM: Full Recourse

    ■ Loans > $2MM: Full Recourse or

    ■ Limited Recourse with bad-boy carveouts

    ■ Completion Guaranty/Reserve Replenishment Guaranty when applicable

MINIMUM GUARANTOR FICO: Mid-Score of 680

Borrow as little as $5K and up to $100K with a fixed rate, five year pay back terms, and no annual fees. 

No Collateral Required 

No Business/Personal Statements or Tax Returns RequiredApproval and loan amount will be based on your personal credit score and credit history

A business checking account with the lender is required 

Must be a registered LLC and established in business for 2 years. 

Payment of evaluation fee, commitment and closing fees are required to obtain lending

• Pull out the cash to buy other properties

• Expand your portfolio

• Utilize the equity in the property to purchase more properties

• Unlock your hidden assets, get approved in as little as 24 hours

• Free up your cash to buy more stuff

•Up to 70% LTV of Purchase Price

•Credit Based

•Up to 30 Year Term Fixed