Eligible Properties
Residential and commercial.
Close proximity to comparable properties for valuation purposes, preferred.
No agricultural.

Eligible Borrowers
Individuals, LLCs, Non-profits and Other Entities.

Reserves
Verifiable cash reserves.
Responsible parties should have a net worth which exceeds the loan amount.

Credit Requirements
660+ Credit Score

Loan Purpose
Acquisition & Construction Costs

Loan Types
Adjustable or fixed

Loan Sizes
$100,000 to $6MM
Amounts $6MM to $50MM based on the strength of the sponsor

LTFV
70% LTFV for fixed rate, in CA.
75% LTFV for variable rate.
Inquire for single-use properties

LTC
80% LTC for most Projects (90% on an exception basis).
95% LTC for Qualifying Pre-sold Projects
100% LTC for NNN Credit Tenants Deals

Loan Term
6mos, 12mos or 18mos
No payments during construction period with interest reserves option.
(Interest reserves must not exceed LTFV Guidelines)

Amortization
Interest-only.

Pre-payment Penalty
Optional

Fees
4 - 5 points, plus fees. Points are determined by the ratio of acquisition to construction costs.
9.99% Fixed, in CA only.
Prime + (0.00% to 1.00%) Variable Rate.