Loan Criteria
Seeking a loan for your next real estate project? Maybe you require financing for new growth in your business. Below are typical terms for the types of loans we offer:
Types of Loans:
- New 1st mortgage loans
- Bridge Loans and Renovation Loans
- New Construction Loans (no development)
- Non-recourse loans for self-directed IRA’s
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Loan to Value:
- Up to 75% of as-is property value
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Loan Amounts:
- $50,000 - $5M ($100,000 minimum property value)
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Location:
- Nationwide except: AZ, CA, NV, OR, UT, ND, SD, MN, VT
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Interest Rates:
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Loan Maturities:
- 6 month to 2 year terms (loan extensions permitted case-by-case)
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Types of Properties:
- Single family homes
- Duplex, triplex, fourplex
- Non-owner occupied houses
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Origination Fee Dependent On:
- Property quality
- Property location
- Borrower credit worthiness
- Loan amount
- Loan term
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Closing Costs:
- Standard third party costs apply such as title, appraisal, and legal
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