Eligible Properties
1 – 4 Unit Residential
CA, AZ, MO, NV, WA
Properties within close proximity to comparables for valuation purposes.
No agricultural.

Eligible Borrowers
Individuals, LLCs, Non-Profits and Other Entities

Credit Requirements
No FICO Requirement

Income Requirements
Recommend 50% DTI Ratio. No Verification

Cash Reserve Requirements
Recommend 3 Months PITI. No Verification

Loan Purpose
Acquisition

Loan Terms
6 months to 5 years.
No payments for 12 months possible with interest reserves
(Interest reserves must not exceed max LTV)

Loan Sizes
$100K to $6MM

LTV
60% LTV

Amortization
Fixed Interest-only.

Pre-payment Penalty
Negotiable

Appraisal
Ordered by Lender.
Outside appraisals subject to underwriter’s approval.

Fees
6 points
Plus $2,000 - $3,000 in lender fees
Current Hard Money Rates Apply: 12.99% - 14.99%
Up Front 3rd Party Fees for Appraisal & Inspection