Highlights
Program Overview
- Loan amounts: $100,000 – $10,000,000+
- Up to $250M for larger projects (case-by-case basis)
- Leverage: Up to 90% LTV
- Max ARV: Up to 75% of after-repair value
- Terms: 12–24 months
- Closings in as little as 5–20 days
- Competitive rates and points based on deal strength
Borrower Profile
- No experience required
- Designed for stabilized and transitional assets
- Flexible structuring based on deal quality and exit strategy
Eligible Properties
- Non-owner-occupied
- 1–4 unit residential
- Multifamily properties (no maximum unit limit)
- 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