Bridge Loan (No Rehab)
- Up to 80% LTV
- Rates starting at 9.5%
- 1 – 3 points
- 6 – 24 months
Rehab Loan
- Up to 90% LTC
- Rates starting at 9.5%
- 1 – 3 points
- 6 – 24 months
Ground Up Construction Loan
- Up to 85% LTC
- Rates starting at 10.5%
- 12 – 24 months
- 1 – 3 points
FEES
- $850 Processing Fee
- $450 First Trust Deed Servicing
- No prepayment penalty
PROPERTY TYPES
- 1 to 4 Unit Residential
- Condominiums
- Multifamily 5+ Units
OPTIONS
- 6 month extension starting at 1-2 points
TERMS
- Options available for 6 – 24 months
- Loan amounts up to $5 Million
- Non-owner occupied
GEOGRAPHY
- National presence
LOAN TIMELINE
1Obtain Quote
(1 Business Day)
(1 Business Day)
1Obtain Quote
(1 Business Day)
(1 Business Day)
- Borrower requests quote via website. Borrower must provide purchase price, ARV, and rehab amounts.
- Borrower receives automatic loan options via website.
2Loan Approval
(5 - 7 Days)
(5 - 7 Days)
2Loan Approval
(7 Days)
(7 Days)
- Borrower completes and submits loan app online. Appraisal is ordered and file is sent to underwriting.
- Underwriter reviews app to verify ARV and rehab, as well as the quality of the borrower and the deal.
3Loan Closing
3Loan Closing
- Loan committee approves and loan docs are sent to escrow within 24 hours.
- Once pre-funding conditions are met, loan is funded. A 24 hour notice from escrow/title is required prior to funding.