Terms

Rates:

Loan Term:

Six month balloon.
Extensions are available

Monthly Payments:

Interest only.
No amortization.
No escrow for taxes or insurance

Loan Size:

In most cases, we’ll start as low as $25,000 and go as high as $600,000.
For smaller loans, points are based on a minimum loan size of $50,000.

No Pre-payment Penalty:

Loan To Value (LTV):

Generally we lend at 65-70% of the After Repaired Value (ARV)

Financing of Closing Costs, Points and Interest Payments:

If your LTV is low enough, we can finance your loan costs.

Construction Draws

We’ll fund up to 100% of the renovation cost.
Renovation costs are paid out in draws, upon completion of the work.

Loans to LLCs

We will lend to LLC or corps, but we do require personal guarantees.