Category: Uncategorized

Fix & Flip

Posted on by Edward Rogers

Fix & Flip

Fix & Flip Highlights

  • Loans from $50k to no max amount
  • Financing up to 90% of purchase price, 100% of rehab costs, 75% ARV (As Repaired Value)
  • Asset-based loans with no income proof needed
  • FICO down to 500 available
  • No limit on number of open loans at one time with a borrower
  • 12 and 18 month loan terms, with fixed rates as low as 6.75%
  • Ground up construction loans for builders and investors
  • Financing up to 100% construction costs, 75% land value

    SBA Loans

    Posted on by Edward Rogers

    SBA Loan
    SBA loans fund a variety of business needs including:
    • Business acquisition
    • Fixed asset purchases-equipment, vehicles, and machinery
    • Start-up business expenses
    • Refinancing of existing debt
    • As little as 10% down
    SBA 7(a) SBA 504
    SBA Loan Amounts SBA 7(a) loans have a maximum of $5 million.
    SBA Express loans have a maximum of $350,000.    		 SBA 504 loans have a maximum loan amount of $5 million; your loan maximum is dependent on the size of the project.
    SBA Loan Terms Maturity terms for a 7(a) loan depend largely on the ability of the applicant to repay and the purpose of the loan. Below is a list of maximums based on purpose:

    • 25 years for real estate
    • 10 years for equipment
    • 7 years for working capital
    		 Maturity terms for a 504 loan are available at 10 years and 20 years.

    Non – Prime Programs

    Posted on by Edward Rogers

    Non - Prime Programs
    Bank Statement Commercial
    • Alternative Solutions for Owner-Occupied Properties
    • Income qualified through 12 months of consecutive business bank statements
    • No tax returns or 4506T required
    • Loans from $250k $2MM
    • LTV’s up to 80%
    • Amortization’s up to 30 years
    Lite Doc Small Balance Commercial
    • No tax returns or 4506T required
    • Loans from $250k $5MM
    • LTV’s up to 80%
    • Amortization’s up to 30 years
    • No seasoning requirements
    • Cash-Outs available
    30 Year Fixed Commercial
    • Loans from $250k $5MM
    • LTV’s up to 80%
    • Rates starting at 6.50% for 30-yr fixed term
    • Minimum FICO-650
    Foreign Nationals
    • LTV’s up to 65%
    • No US credit required
    • No seasoning of funds required
    • No other US investment experience required
    Property Types
    • Investor 1-4 unit
    • Multi-Family (5+ units)
    • Mixed-Use
    • Commercial (Office, Retail, Warehouse, Self-Storage, Automotive)

    Prime Programs

    Posted on by Edward Rogers

    Prime Programs
    FHA
    • Low interest rates plus fully non-recourse and assumable financing
    • Terms of 35-40 years
    • 80% LTV cash-out, 85% LTV with no cash-out, 90% LTV for affordable housing
    • No minimum loan size and up to $100 million
    • Financing for acquisitions, refinancing, new construction (40yr term), and substantial rehab
    • Eligible properties include market rate multi family, affordable multi family, healthcare, green energy retrofitting
    Fannie Mae / Freddie Mac
    • Competitive, tiered pricing for nationwide acquisition or refinancing needs
    • Loan amounts start at $1 mil with terms of 5-10 years and non-recourse
    • Fixed rate, Arm and Hybrid Arm options
    • Market rate and affordable multi family lending
    • Senior housing min $5 mil with loan terms from 5-30 years
    • Small loans from $1-7.5 mil and up to 80% LTV
    CMBS(Commercial Backed Mortgage Securities)
    • Loan amounts from $2,000,000 to $100,000,000
    • Terms of 5-10 years with amortization from 20-30 years
    • 70-75% LTV depending on property
    • Eligible properties include market rate multi family, office, retail, hotel, self-storage, mixed-use, industrial
    • Non-recourse
    Single Family Rental Portfolio Program
    • Single-family homes, townhomes, and 2-20 unit multifamily properties; minimum 5 units (in the same locale)
    • 5-, 7-, and 10-year fixed-rate terms available with 30 year amortization
    • $1 mil loan amount minimum
    • 75% Max LTV
    Bridge Loans
    • Non-recourse Bridge Loans starting at $5 million with up to 80% leverage
    • Typically interest-only payments from 1-3 years
    • Fannie Mae, Freddie Mac, FHA or CMBS loan exit
    • Generally non-recourse