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
Recommended:
50% DTI Ratio. No Verification

Cash Reserve Requirements
Recommended:
Monthly carrying costs x [project term (unless interest reserves) + 3 months]
No Verification

Loan Purpose
Acquisition & Construction costs

Loan Term
6, 12, 18 months, or longer.
No payments for 6 months possible with interest reserves
(Interest reserves must not exceed max LTV)

Loan Sizes
$100K to $6MM

Construction Draws
Typically 1 - 4 draws, upon inspection approval

LTFV
Interior remodeling: kitchen remodel, bath upgrades, new appliances, paint & carpet, etc.
60% LTFV

Major Remodeling or New Construction
50% LTFV

LTC
100% LTC

Amortization
Fixed Interest-only.

Pre-payment Penalty
Negotiable

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

Fees
Current Hard Money Rates Apply: 12.99% - 14.99%
6 points
Plus $2,000 - $3,000 in lender fees
($5,000 lender fee on loan amounts exceeding $500,000)
3rd Party Fees for Appraisal & Inspection, due upon acceptance of Letter of Interest