Today Funding
Real Estate Loan
Our products are tailor-made for residential real estate investors. No Personal Income Verification
Single Rental Loan
Purchase a single property, or
Refinance a single property, with option to take cash-out. INTEREST RATE - $75K - $1.5MM MINIMUM PROPERTY VALUE- $100,000. TERM - 30-year fixed, full amortization. BORROWER MAXIMUM LOAN-TO-VALUE (LTV)- TYPE - Time Owned : Constraint
Refinance a single property, with option to take cash-out. INTEREST RATE - $75K - $1.5MM MINIMUM PROPERTY VALUE- $100,000. TERM - 30-year fixed, full amortization. BORROWER MAXIMUM LOAN-TO-VALUE (LTV)- TYPE - Time Owned : Constraint
≤ 90 days : 80% LTC
> 90 days : Full appraised value. WHEN DO WE USE LTV VS LTC? -
> 90 days : Full appraised value. WHEN DO WE USE LTV VS LTC? -
Purchase: Use lesser of LTV or LTC calculation
Refinance: Use LTC until property has seasoned for 90 days, then use LTV. CASH FLOW REQUIREMENT
Refinance: Use LTC until property has seasoned for 90 days, then use LTV. CASH FLOW REQUIREMENT
<$150K value: Max 70% P.roperty Debt-to-Income Ratio (PDTI)
≥$150K value: Max 85% PDTI. PROPERTY TYPE - Non-Owner Occupied:
≥$150K value: Max 85% PDTI. PROPERTY TYPE - Non-Owner Occupied:
Single Family Residences (SFR)
2-4 unit properties
Condos
Townhomes.
2-4 unit properties
Condos
Townhomes.
New Construction Loan
LOAN PURPOSE
Ground-up construction loans for developers and investors building 1-5 properties at a time
Lot financing can be included, if lots are in build-ready condition
Program includes exposure line of credit for experienced large volume investors, or single loan option
Lot financing can be included, if lots are in build-ready condition
Program includes exposure line of credit for experienced large volume investors, or single loan option
INTEREST RATE
6.99% and up
LOAN AMOUNT
$150K - $2.5MM
TERM
12 months (standard), with optional extensions
BORROWER TYPE
Individual, LLP, or LLC
MAXIMUM LOAN-TO-VALUE (LTV)
75% of ARV
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT
95%
WHEN DO WE USE LTV VS LTC?
Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING
Funding up to 95% of construction budget, up to 75% of land value
PROPERTY TYPES Non-Owner Occupied:
6.99% and up
LOAN AMOUNT
$150K - $2.5MM
TERM
12 months (standard), with optional extensions
BORROWER TYPE
Individual, LLP, or LLC
MAXIMUM LOAN-TO-VALUE (LTV)
75% of ARV
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT
95%
WHEN DO WE USE LTV VS LTC?
Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING
Funding up to 95% of construction budget, up to 75% of land value
PROPERTY TYPES Non-Owner Occupied:
Single Family Residences (SFR)
2-4 unit properties
Townhomes
Multi-family 5-20 unit properties
2-4 unit properties
Townhomes
Multi-family 5-20 unit properties
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