INTEREST RATES AND TERMS
Property Types: investment properties, including non-owner occupied, single-family houses and multi-family units
Location: most states, primarily focused on Colorado, Maryland, Virginia, Washington DC.
Loan Size: $25,000 – $1,500,000
Loan-to-Value (LTV): Up to 70% ARV
Down payment: 100% financing available if project meets certain underwriting criteria. Borrower can receive better terms with a larger downpayment
Lien Position: 1st position
Loan Type: rehab & flip, investment rental acquisition, bridge financing, and transactional
Borrower Type: business to business loans on non-owner occupied properties
Borrower Credit: no minimum credit score; prior foreclosures and bankruptcies considered; loans based on asset value, borrower’s experience and ability to repay
Loan Term: 1 day to 12 months, longer terms available on a case by case basis
Interest Rates: 7.95%-15.95% based on borrower/deal qualifications
Loan Points: 1-5 based on borrower/deal qualifications
Repeat Borrower Discount: available
Prepayment: no prepayment penalty
Recourse: borrower must personally guarantee the loan
Repayment terms: interest only monthly payments, with principal due at loan maturity
Construction draws: released to borrower upon successful work completion, requires on-site inspection
Call today to get your Custom Rate Quote- 1.844.YES.ALOHA