Collateral Types

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• Single Family Residential

• Multi-Unit For Sale Residential Projects

• New Construction and Fix & Flip

• Multifamily

• Commercial (Industrial, Office, Net Leased Retail)

• Development Land

 

Proceeds Uses

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• Acquisition Funding

• Construction Improvements

• Redevelopment

• Cash Out Refinance

• Refinancing

• Repositioning

• Bridge Financing

• Will Consider Creative Opportunities

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First Time Borrower Parameters

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• Loan to Purchase: Up to 80%

• Construction Financing: Up to 100%

• Loan to After Repair Value: Up to 65%

• Interest Rate: As Low As 10%

• Origination Fee: 2% – 4%

• Closing Time: 1 Week

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Repeat Borrower Parameters

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• Loan to Purchase: Up to 90%

• Construction Financing: Up to 100%

• Loan to After Repair Value: Up to 65%

• Interest Rate: As Low As 9%

• Origination Fee: 1% – 4%

• Closing Time: 1 Week

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ELITE PROGRAM

 

Parameters

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• Loan to Purchase: 90%

• Construction Financing: 100%

• Loan to After Repair Value: 70%

• Origination Fee: 1% – 4%

• Interest Rate: As Low As 8.99%

• Elite Plus: Well qualified borrowers may get 5% of the purchase price advanced as a construction draw at closing.

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Borrower Requirements

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• Credit Score: Above 650*

• Loan to Cost (LTC): Max of 94%*

• Completion of two projects in the last year or five in the last two years

• Property Types: 1-4 family houses, townhomes and condominiums

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*For credit scores below 650, multiple compensating factors exist”