Lending Parameters

Use

 Acquisition & Development of Real Estate

Rate & Points Starting at 11% & 2 Points*
Property Type  Single-family, Multi-family, condos/townhouses, Commercial (case by case) and New Construction
Occupancy  Non-Owner Occupied
Down Payment  Minimum 15% – 25% of Acquisition Price
Underwriting LTV not to exceed 70% of After Repair Value
Personal Guarantees Required
Eligible Borrower Type LLC’s or Corporation’s only
Pre-Payment Penalty   None
Yeild Mainenance  None
FICO  680+
Loan Amount  $150,000 – $5,000,000
% of ARV  Not to Exceed  70% LTV of After Repair Value
Appraisal Method  Broker In-House Valuation and 3rd Party Appraisals

*Rates and points based on deal and borrower experience 

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