We provide construction loans for ground up, fix and flip, and value add assets.  If borrowers go to perm debt, they will not be charged a second set of fees when the construction loan is completed and the DSCR loan is closed.  Most importantly, this product eliminates the risk of having to find a takeout solution when the asset is stabilized.  To secure a construction or construction to perm loan, borrower credit will be checked, and a fresh appraisal will be ordered.  Both vertical and horizontal development scenarios considered.

Loan Amount: $1,000,000+; smaller loans considered

Property Location: Nationwide

Property Types: Single Family, Townhouses, Condominiums, Multifamily, Mixed-Use

Occupancy: Investor Only

Loan Structure:  6-18 months; extension options available

LTV Max: 65%; higher with exceptions

LTC Max: 85%; higher with exceptions

Borrower Type: LLCs, Trusts, Individuals, others considered

Prepayment: Yes, no penalty

Lender Fees: 1-3%; one time fee, no fee for DSCR

Loan Rate: 10%+

Credit Score: 640+

Deposit: $1,500 (appraisal and processing fee)

Recourse: Non-Recourse w/ bad boy carveouts

Guidelines

Application