Rental Property Loans
Long-term loans are used for the purchase or refinance of rental real estate properties. These are loans for stabilized properties and typically have fixed rates and terms of 15-to-30-years.
Rehab (Fix & Flip) Loans
A rehab, fix & Flip, or renovation loan are like a construction loan, providing financing for the purposes of purchasing and repairing or upgrading a property. These loans can either be short term, typically one year, or can be offered as a short-term loan with permanent financing that takes effect upon completion of the project.
New Construction Loans
Construction loans are short term financing for the development of new properties. Their term is 12 months or can be tailored to a construction timeline. They can include the purchase of land and the cost of construction and are for developers who act as their own builder or owners who hire a builder. They are for properties built to sell or held to rent by restructuring into longer term financing.
Bridge & Hard Money Loans
These short-term loans are typically of 6-to-36-month terms. They can be used for property acquisition, turn-around, re-positioning, value adding, stabilization, pre-construction, tenant improvements, rehab, partner buyouts, debt consolidation and when timing is critical. They can be used on properties that are partially or fully vacant or in need of repair. Underwriting is focused on the value of collateral and the exit strategy of the loan.
Key Features
- No Tax Returns Required
- No Income Verification
- Experienced or beginner investors
- No minimum credit scores options
- Interest charged only on drawn funds
- No sourcing or seasoning of down payment
- Amortizing and interest only payment options
- Deferred interest payments possible
- Purchase, rate & term and cash out refinance
- No sourcing or seasoning of down payment
- Credit lines options available
- Cross-collateralization loans
- Foreign national eligible
Eligible Properties
- Single-family
- Multi-Family
- Condos
- Townhouses
- Mixed-Use
- Apartment Buildings
- Office Buildings
- Industrial
- Retail
- Hospitality
- Subdivisions
- Building Lots
- Storage
- Warehouse
- Medical
- Senior Housing
- Shopping Centers
- Business owner occupied and specialty properties
