Interim Residential Rental Loans

RATES:

5.25% - 8.50%

LOAN TO VALUE:

Up To 80% LTV

LOAN AMOUNTS:

$80,000 - $1,000,000

BLANKET LOANS:

YES, UP TO 10 PROPERTIES

VESTING:

ENTITES ONLY
(CORP., LLC, LP)

LOAN POINTS:

Depending on the strength of the file,

EVALUATION** PROCESS:

Appraisal from our list (1004w/1007)

AMORTIZATION:

27 YEARS OR 25 YEARS

LOAN TERMS:

3 YEAR INTEREST ONLY
5 YEAR INTEREST ONLY

LENDING FOOTPRINT:

Nationwide Except: AZ., ID., MN., OR., SD., VT., ND., UT., AK

LOAN TO PURCHASE:

Up To 80% LTP

PROPERTY TYPES:

Non Owner SFR, 2-4 Units, TOWN HOMES, CONDO'S

MINIMUM FICO:

650 Fico

LIEN POSITION:

Senior Lien Position

LOAN PURPOSE:

Purchase, Cash Out, Rate & Term

TITLE SEASONING:

NO SEASONING

PRE PAYMENT PENALTY:

3% YEAR ONE, 2% YEAR TWO, 1% YEAR THREE

*We Only Lend on Investment Real Estate Only, We will NOT FUND a CONSUMER PURPOSE Loan.
**APPRAISAL MUST HAVE A 1004 & 1007 FORM OR BPO MUST BE COUPLED WITH RENTAL ANALYSIS
AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC
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