Highlights
Program Overview
- Loan amounts: $50,000 – $10,000,000
- Up to $250M for larger projects (case-by-case basis)
- Leverage: Up to 90% purchase and 100% rehab
- Max ARV: Up to 75% of after-repair-value
- Terms: 12–24 months
- Extended terms: 18–24 months for expansions, additions, conversions, and ADUs
- Closings in as little as 5–20 days
- Rates and terms priced based on experience, leverage, and deal quality
Investor Profile
- Designed for both first-time and experienced investors
- Entity borrowers preferred
- Flexible structuring based on experience and deal quality
Eligible Properties
- Non-owner-occupied
- No maximum unit count
- Mixed-use properties
- Single-family homes
- Condominiums
- Townhomes
- Planned Unit Developments (PUDs)
Ineligible Properties
- Manufactured or mobile homes
- Co-ops
- Condotels
- Leasehold properties
- Highly specialized or unique assets