Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
Term:
12 – 18 Months
Minimum After Repair Value:
$100k for Single-Family
$100k for 2-4 Family
$350k for Multi-Family (5+)/Mixed-Use
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $2.5M for Multi-Family (5+)/Mixed-Use
Minimum FICO:
660
Rates:
As Low As 9.99% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty:
N/A