Debt Service Coverage Ratio (DSCR)
For stabilized 1-4 unit properties
- A variety of terms like 30 year fixed, 5/6 ARMs and 10/1 ARMS
- Fully amortized or interest only
- Long or short term rentals (STR)
- Up to 80% LTV on purchases and no cash out refinances
- Up to 75% LTV on cash out refinances
- Cash out seasoning in 90 days or less in certain scenarios
- Rates from 7.25%
- 5-4-3-2-1, 3-2-1 or no prepayment penalty options
- Low and no points options
- Property types: SFR, Condo, Townhome, 2-4 units, 5+ multifamily
Fix & Flip/Bridge
Short term loans for property acquisition and renovation
- 85-90% of purchase
- 85-100% of rehab
- 10.50-11.99%
- No appraisal required
- Close in 3 business days
- Fast and easy draws
- No prepayment penalties
- 6 - 24 month terms
- Property types: SFR, Condo, Townhome, 2-4 units, 5+ multifamily
Ground Up Construction
For shovel ready ground up construction
- Up to 85% Loan-to-cost
- Up to 70% of ARV
- Rates from 10.99-12.50%
- 12 month term with extensions possible
- No interest on undrawn funds
- 60% for land/75% if plans and permits in hand
Commercial Properties
For pure commercial and mixed use properties
- Property types: Mixed use, office, light industrial, automotive, day care, retail, mobile home parks, restaurants/bars, self-storage
- 250,000 minimum loan
- Up to 75% LTV
- Long term DSCR options
- Short term bridge options
- Lite doc all the way to full doc options