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Builders

Spec-Builder Product Overview

Loan Purpose

Purchase, limited cash-out (includes delayed financing), or cash-out

Experience Minimum

2+ investment properties in last 3 years

Maximum Loan Amount

$3,000,000

Minimum Loan Amount

1-4 Units: $100,000, Multi-Family: $200,000

Eligible Properties

Residential, Non-owner occupied, business purpose only. Single Family Residences (inc. PUD), 2-4 Units, Multi-Family (cash flow requirements apply, see guidelines; 2+ experience required. If 5+ experience, then no unit limit.)

Eligible Properties with Special Consideration

Vacation properties (typically located at or near beaches, lakes or mountains) that are not supported by larger cities, economies and other industry besides tourism limited to 10% below the Max LTC. For example: Myrtle Beach SC, Pigeon Forge TN, Florida Keys FL, Martha’s Vineyard MA, etc.)

Ineligible Properties

Condos (case by case), Rural, Mixed-Use, Manufactured, Modular, Log Homes, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines

Borrower Type

Entity or Individual (see full matrix for details)

LTV Maximum ARV

85% (Multi-Family 70%)

Minimum FICO

660

Loan Purpose

Purchase, limited cash-out (includes delayed financing), or cash-out

LTC Maximum

85% (Multi-Family 70%)

LTV Maximum ARV

75% (Multi-Family 70%)

Production-Builder Product Overview

Loan Purpose

Purchase, limited cash-out (includes delayed financing), or cash-out

Borrower Type

Entity (request additional details)

Experience Minimum

30+ investment properties in last 3 years

Maximum Loan Amount

$150,000

Minimum Loan Amount

$1,000,000

Eligible Properties

Residential, Non-owner occupied, business purpose only. Single Family Residences (inc. PUD), detached condos, and 2-4 Units

Ineligible Properties

Condos (case by case), Rural, Mixed-Use, Manufactured, Modular, Log Homes, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines

LTV Maximum ARV

75%

Minimum FICO

660

Loan Purpose

Purchase, limited cash-out (includes delayed financing), or cash-out

LTC Maximum

85%

LOAN PRODUCTS

FIX N FLIP

Loans for investors who are buying distressed properties, rehabbing, and selling. Sensible, flexible, and fast

MULTI-FAMILY

Financing for investors looking to cash out or stabilize their multifamily property for the long term.

BRIDGE LOANS

Interim financing for investment properties where a fast close is needed & minimal or no rehab is planned

RENTAL TERM LOANS

Leverage our Rental Term loans to create cash flow for years to come.

NEW CONSTRUCTION

Loans for builders with shovel-ready lots or teardown projects. 1-4 unit and townhomes.

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