Learn about key aspects of our programs here.
For more information, visit our FAQ page or search by topic in the search bar below.
FIX & FLIP
Have you found the perfect fixer upper and know just how to make it a neighborhood gem? We've got you covered with our 1-year interest only loan product. We'll even cover rehab costs.
RENT & REFI
Looking to hold property and rent it out? We offer 2-year bridge loans with 1-year extensions so you have enough time to season the property for conventional financing.
Our process has four simple steps.
Submit a loan application using a webform on our website.
Within one business day, you will be notified via email whether your loan was approved or denied for
underwriting. If approved, you will be instructed to submit the required documents.
AUTHORIZE CREDIT REPORT
Authorize us to order a credit report.
PAY valuation FEE
Pay the valuation fee using your debit or credit card.
Submit Required Documents
Submit the required documents using a webform on our website.
Rehab Scope of Work (find template here)
Purchase Contract (for purchases)
HUD from Purchase (for refinances)
Operating Agreement for Entity
Articles of Organization/Incorporation for Entity
Certificate of Good Standing for Entity
Government Issued Photo ID for Signatory/Guarantor
Bank Statement(s) Showing Funds to Close plus 3 Months Interest
Guidelines Acknowledgement (find form here)
Schedule of Real Estate Experience (find template here)
Homeowners Insurance Policy
Once we receive all of the required documents, including valuations and title, we underwrite the loan, communicate term updates (if any), then set a closing date.
Below are some of the key components of our loan program.
Loan Amount: Up to $2,500,000
Loan-to-Value (As-Is Value): Up to 80%
Loan-to-Value (After-Repair Value): Up to 70%
Rehab Financing: Up to 100%
Loan Rate: Starting at 7.99%
Rate Type: Fixed rate, interest only
Interest Payments: Monthly or zero payments until maturity (your choice)
Origination Fee: 2%
Property Type: SFR, PUD, Condos, 2-4 Units
Property Area: Urban, Suburban
Property Use: Residential Only
Property Plan: Rehabilitation or Maintenance Only
Loan Type: Purchase or refinance
Loan Term: 12-36 months
Closing Time: Within 7 days from full file receipt
Extension Term: Up to 12 months
Borrower: Business entity only
Credit Score: At least 640
Owner Equity: At least $20,000
Derogatory Incidents (>$10K): Resolved 5 years prior
Eligible States: AL, AR, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MS, MO, MT, NE, NH, NM, NJ, NY, OH, OK, PA, SC, TX, VA, WA, WV, WI, WY
Ineligible States: AK, AZ, CA, NC, ND, NV, OR, RI, SD, TN, UT, VT