Unlock The Capital You Need To Expand Your Real Estate Investor Vision
Transitional Multi-Family Residential and Commercial and Commercial
Multi-Family and Mixed Use (5+ units)
Loan Amount:
$5,000,000 - $30,000,000+
Loan Types:
Interest Only
Adjustable Rate Mortgage
Maximum Loan to Cost:
Total Loan Amount divided by Total Project Costs <=85%
Maximum Loan to Value:
Total Loan Amount divided by After-Repair Value <=75%
Term Length:
Initial Term: 12-36 months
Extensions: up to Two 12-month Extensions
Recourse:
Limited Recourse with standard “bad-boy” carve-outs
Reserve Replenishment Guarantees when applicable
Environmental Indemnification Completion Guaranty when applicable
Minimum Guarantor FICO:
Mid-Score of 700
Eligibility Criteria:
Minimum 50% Occupancy by Unit Count
Capex <=25% of Purchase Price or As-Is Value Residential and Commercial Mortgage Company mortgage lending