Lending Areas
Now lending in Oregon, Utah, & Idaho!
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Loan Types
PURCHASE
RATE & TERM
CASH OUT
REHAB COSTS
GROUND-UP CONSTRUCTION
Bridge/Transactional
A short term loan providing flexibility and time to meet obligations until more permanent financing is obtained.
acquisition + rehab
For the purchase + rehab of real estate. Rehab funds set aside for draws as the projects are completed.
long term Rental
For the financing of rental properties, up to 30 years fixed or adjustable rate terms with interest only periods.
GROUND UP CONSTRUCTION
From land purchase to mid construction projects. Construction funds are set aside for periodic draws during the project.
Lending Parameters
Property Types
Single Family Home
Townhouse
Condo
Multifamily
Mixed Use
InteresT Rates
Bridge: 8%+
Long Term Rental: 5.5%+
Origination Fees
0 to 2 points
Amortization
Interest only (bridge) and 30 years (long term rental)
Loan Amounts
$75,000 to $10,000,000
LTC (Loan-to-Cost)
Up to 95%
Typically 75% to 80%
LTV (Loan-to-Value)
Up to 70%
Typically 60% to 65%
Minimum FICO
660
Terms
6 months to 30 years
Loan Positions
1st Deeds of Trust
Closing Timelines
5 – 10 business days (bridge)
30-45 days (long term rental)