SBA/USDA LENDING
Property types: ALL Owner occupeid business
Loan type: Refi and Purchase, ground up and Rehab
loan sizes: $350,000 – $5,000,000
Loan to value: 90% (can be higher depending on other collateral factors)
interest rate: WSJ Prime + 2.75% (6.25% as of today)
Amortization: 10 years or 25 years
Loan Term: 10 years or 25 years
Adjustments: Quarterly (floats with Prime)
Prepayment Penalty: 5-3-1 or None
Recourse:Yes
FICO: 600 or better (lower case by case)
HARD MONEY LENDING
Loan type: Refi and Purchase, ground up and Rehab
loan sizes: $500,000 – $25,000,000
Loan to value: 65% (can be higher depending on ARV) (can lend off APPRAISED VALUE not just purchase price)
interest rate: 8-14%
Origination fee: 3-7%
Amortization: Interest only
Loan Term: 12-24 months
Prepayment Penalty: 0-12 months guaranteed interest
Recourse: case by case
FICO: N/A
Equipment Financing
Property types: ALL (including industrial)
Loan type: Refi and Purchase, ground up and Rehab
loan sizes: $500,000 – $25,000,000
Loan to value: 65% (can be higher depending on ARV)
interest rate: 6-11%
Amortization: Interest only
Loan Term: 12-24 months
Prepayment Penalty: 12 months guaranteed interest
FICO: 620 or better
HARD MONEY LENDING
Property types: Multi family, ALF, Independent living, Student housing
Loan type: Refi and Purchase
loan sizes: $1,000,000 – $50,000,000
Loan to value: 80% (85% for affordable deals)
interest rate: Tier Pricing (3.5%-5.5%)
Amortization: 30 years
Loan Term: 7-30 years
Prepayment Penalty: Yield maintenance
FICO: 670 or better (case by case)
Stated Income and Stated Assets
Property types: ALL (including industrial) , NO land
Loan type: Refi and Purchase, ground up and Rehab
loan sizes: $3500,000 – $10,000,000
Loan to value: 70-75%
interest rate: 8.5-9.5%
Amortization: 30 years
Loan Term: 3 years
Prepayment Penalty: 5% per year (can be bought down)
FICO: 620 (down to 50% LTV) and 670 (for up to 75% LTV)
Full Recourse
Mezzanine/Subordinate Lending
Property types: ALL (including industrial) , NO land
Loan type: Refi and Purchase, (must have cash flow)
loan sizes: $1,000,000 – $20,000,000 (higher case by case)
CLTV: up to 85-90%
interest rate: 11-18%
Amortization: 30 years
Loan Term: 3-5 years
Prepayment Penalty: Yield maintenence
No Doc Lending
AR/Factoring
types: ALL Business to business invoices
Loan type: PO and AR funding
loan sizes: $100,000-15,000,000
LTV: up to 80% of the approved AR
interest rate: 1-2% per month
Amortization: case by case
Loan Term: 3-5 years
Prepayment Penalty: $5,000 if paid off early
Residential Lending (Portfolio case by case)
Property types: SFR and INV 1-4 units
Loan type: Refi and Purchase, no construction or rehab
loan sizes: $250,000-25,000,000
Loan to value: 65-90%
interest rate: 3.75-5.5%
Amortization: 10-30 years
Loan Term: 3-30 years
Prepayment Penalty: none
FICO: Down to 550
Residential Blanket Loans
Property types: 1-4 units (must be leased)
Loan type: Refi and Purchase, no construction or rehab
loan sizes: $7500,000 – $15,000,000
Loan to value: 70-80%
interest rate: 6.5-7.5%
Amortization: 25 or 30 years
Loan Term: 5 or 10 year fixed
Prepayment Penalty: Yield Maintence
FICO: 650 or better
Land Loan/Development Product
Property types: Land or built real estate
Location: Nationwide
Loan type: Refi or Purchase, (Horizontal or vertical loan sizes: $2,000,000 – $35,000,000 (can go higher case by case)
Loan to value: 80-85%
Loan to ARV: 65% (max allowable)
interest rate: 12%
total fees: 12%
Amortization: interest only
Loan Term: 12-18 months
Prepayment None
Recourse: None
FICO: N/A
Construction Lending
Property types: ALL (including industrial)
Loan type: Refi and Purchase, ground up and Rehab
loan sizes: $500,000 – $25,000,000
Loan to value: 65% (can be higher depending on ARV)
interest rate: 6-11%
Origination fee: 2-4%
Amortization: Interest only
Loan Term: 12-24 months
Prepayment Penalty: 12 months guaranteed interest
Recourse: case by case
FICO: 650 or better
Rehab Lending Product
Property types: SFR, 1-4 unit, mixed use investment properties only
Location: Nationwide
Loan type: Refi and Purchase, no new construction
loan sizes: $100,000 – $5,000,000
Loan to value: 80% of the acquisition cost and 100% of the rehab cost.
Loan to ARV: 65% (max allowable)
interest rate: 9.99-11%
Amortization: interest only
Loan Term: 12-18 months
Prepayment Penalty: 3 months guaranteed interest
FICO: 650 or better
USDA Lending Product
Property types: All commercial non residential properties are considered
Location: Nationwide in USDA eligible zones.
Loan type: Refi and Purchase, and new constructiong
loan sizes: $1,000,000 – $20,000,000
Loan to value: 75% of the acquisition cost and 100% of the rehab cost.
interest rate: Prime plus 2.75%
Amortization: 10-30 years
Loan Term: 10-30 years
Prepayment Penalty: 10 year step down
FICO: 650 or better