Real Estate Investment Loans Made Simple

• Purchase a single property, or
• Refinance a single property, with option to take cash-out***

• Take cash out of an existing portfolio to buy more properties, or
• Refinance or consolidate multiple rental loans

• Exposure line up to $10MM for experienced investors (1+ completed flip in the past 2 years)****
• Single property loan to acquire and/or renovate a single property to resell

• Ground-up construction loans for developers and investors building 1-5 properties at a time
• Lot financing can be included, if lots are in build-ready condition
• Program includes exposure line of credit for experienced large volume investors, or single loan option

• Multi-family 5-20 units: $30,000 per unit
• Other property types: $50,000 per unit*****

• 5 years or 10 years with balloon
• Option to amortize over 30 years or make interest-only payments

• 80% LTV for Purchase
• 75% LTV for Refinance

• 75% LTV for a fully amortized loan
• 70% LTV for an interest-only loan******

Time Owned : Constraint

• ≤ 90 days : 80% LTC
• > 90 days : Full appraised value

Time Owned : Constraint

• ≤ 90 days : 80% LTC
• > 90 days : Full appraised value

• For Line of Credit: 90%********
• For Single Loan: 85%********

• For Line of Credit: 90% of construction costs********
• For Single Loan: 85% of construction costs********

• Purchase: Use lesser of LTV or LTC calculation
• Refinance: Use LTC until property has seasoned for 90 days, then use LTV

• Purchase: Use lesser of LTV or LTC calculation
• Refinance: Use LTC until property has seasoned for 90 days, then use LTV

• <$150K value: Max 70% Property Debt-to-Income Ratio (PDTI)
• ≥$150K value: Max 85% PDTI

• Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
• Interest Only Loan: DSCR of 1.20x

• For Line of Credit: Funding up to 95% of rehab costs, max 75% of ARV
• For Single Loan: Funding up to 85% of rehab costs, max 70% of ARV