Hard Money / Renovations

Offers Criteria to Rehab Loans

• Non-owner occupied investment properties located in the United States.
• Max 85% LTV of the After Repaired Value (ARV), max 90% of purchase and rehab (total cost).
• Min 10% of total cost required from borrower as down payment (reference loan matrix for down payment).
• Full appraisal, and home inspection including renovation costs and survey required.
• Borrower credit below 600 needs senior approval.
• 2 months of bank statements required from borrower or borrower’s company
• No second mortgage allowed.
• Clear and marketable title required.
• Properties are titled in corporate name.
• Interest only monthly payments.
• No pre-payment penalty.
• Corp docs and operating agreement required.

Offers AS-IS Investment Loans (If property needs rehab, must be a Subject to Rehab loan)

• Non-owner occupied investment properties located in the United States.
• Max 85% LTV of the AS-IS Appraised Value (680+ credit score), 65% LTV of AS-IS Value (679 or below).
• Min 10% of purchase price.
• Full appraisal, home inspection and survey required.
• 2 months of bank statements required from borrower or borrower’s company
• Borrower must have reserves of three months’ worth of mortgage payment.
• Clear and marketable title required.
• Properties are titled in corporate name.
• Interest only monthly payments.
• No pre-payment penalty.
• Corp docs and operating agreement required.

Offers Foreign National Loans (Rehab and AS-IS Loans)

• Investment property only.
• Max 85% LTV of ARV or of AS-IS Value.
• Min 10% down payment of purchase price for AS-IS loan or 20% of total costs for ARV loan.
• Full appraisal and home inspection including renovation costs and survey required.
• Two months of bank statements required from borrower or borrower’s company.
• Borrower must have reserves of three months’ worth of mortgage payment.
• Clear and marketable title required.
• Properties are titled in corporate name.
• Interest only monthly payments.
• Corp docs and operating agreement required.

Our minimum time to re-pay is one (1) year; we do not have a pre-payment penalty, or ghost fees. Max terms for our loans are one, two or three years, depending on borrower and property type. Origination points are between 1.5-3.5% depending on the property type and state that the property is located in.