Collateral
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Greater than 70% of Square Footage)
Term:
12 – 18 Months (Extended Terms Available)
Loan Amount:
Short-Term: $250k – $10M ($1M Max per unit)
FICO:
Short-Term: 620 Minimum
LTV: Values are average and can be higher or lower depending on the Project.
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Stabilized Bridge
Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value
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Fix & Flip
Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs