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Better Business Bureau
Loan Amount: $50,000 – $2,000,000 (larger amounts considered on a case-by-case basis)
Leverage: Up to 85% of purchase price and 100% of rehab costs
Interest: Starting at 11.00%
Points: Between 1-3Term: 12 months
LTV: Up to 75% ARV
Credit: Minimum 660 credit score
Recourse: Yes
Pre-Payment Penalty: None
Loan Amount: $50,000 – $2,000,000 (larger amounts considered on a case-by-case basis)
Leverage: Up to 75% As-Is Value
Interest: Starting at 11.00%
Points: Between 1-3
Term: 12 months
LTV: Up to 75% ARV
Credit: Minimum 660 credit score
Recourse: Yes
Pre-Payment Penalty: None
*Up to 90% Purchase
*No Appraisal Options
*No Minimum Credit Score
*12-24 Month Term
*ALL Asset Types Considered
*Up to 85% Purchase
*Up to 80% Cash Out
*No Seasoning on Rehabbed Properties
*No Minimum FICO
*30 and 40 year Terms
*Below Market Rates
*Close In 14 Days
We'll consider all commercial assets in both DSCR and rehab loans. Because of the complexity of commercial financing, we'll need to get on a call to discuss!
There are a lot of factors when it comes to land development loans. First and foremost, there is the cost of the property that will be purchased and broken up into smaller subsections that will be improved to make room for businesses of all kinds. In addition, there are the hard costs, which refer to the cost of the construction of the buildings that will house the businesses that rent them. These properties are often built in a generic manner so they can be tailored to the needs of a variety of business types. Finally, there are several soft costs that should be included in the lending for this type of real estate investment. These costs include sales commissions, interest reserves and more. Be sure you understand all of the associated costs so you obtain the appropriate amount of funding you require.
Loan Amount: $50,000 – $2,000,000 (larger amounts considered on a case-by-case basis)
Leverage: Up to 85% LTC (Loan to Cost for purchase and rehab)
LTV: Up to 75% ARV
AIV: Will consider as-is value to ensure it covers the land purchase price
Experience: Minimum of 3+ ground up deals completed previously
Interest: Starting at 11.00%
Points: Between 1-3
Credit: Minimum 660 credit score
Looking to avoid foreclosure? We can probably refinance you out of that troubling mortgage into a new loan.
Have a lot of equity in a deal and need cash quick? Hard Money is the way to go!
Get up to 100% of the construction cost covered. Also finance horizontal development when needed!
Need quick short term capital to acquire or renovate a multi family asset? We are here to help!
Need stabilized long term capital at a fixed rate to cash flow your multi family property?
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access . All loans are subject to full underwriting for loan approvals.