* Minimum 10% cash contribution required from borrower, with subordinate financing allowed in 2nd position
* Wrap loans accepted with additional collateral (preferably free and clear or 40%+ equity)
* Loan terms from 6-60 months; interest-only up to 36 months or 30-year amortization
* 1% prepayment penalty for first 3 months
* Personal guaranty required, impounds may be required, formal appraisal optional
* Maximum loan-to-purchase price of 70%
* Property must be under contract
* Proof of funds letter provided
* Auction purchases not accepted
* Borrower's equity can come from: own cash, partner, equity in subject property, equity in other investment property, equity in primary residence, seller financing, gap lender, crowdfunding, or family

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* All rehab projects considered with 30% down payment required at project start
* One year interest-only terms with no prepayment penalty
* Full appraisal and 3rd party funds control required
* Interest charged on total loan amount, not draw amount
* Full renovation costs may be financed based on LTARV, work scope, and costs
* Course of Construction Insurance required
* Personal guaranty required
* Taxes and insurance prepaid at closing
* Experience required with minimum 1 completed value-add project
* Up to 80% LTC for renovation costs
* Interest charged on entire project cost amount
* 6-day typical turnaround for fund draws
* Maximum After Repair Value of 65%

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* Vertical construction only - land must be owned free and clear at closing (no land purchase funding)
* Full appraisal and 3rd party funds control required
* One year interest-only terms
* Interest charged on total loan amount, not draw amount
* Full construction costs may be financed based on LTARV, work scope, and costs
* Course of Construction Insurance required
* Personal guaranty required
* Taxes and insurance prepaid at closing
* Additional point charged for draw management
* Development experience required
* Minimum of 9 completed ground-up construction projects
* Up to 80% LTC for ground-up construction costs
* Interest charged on entire project cost amount
* Partially completed construction projects not accepted

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* Property types: 1-4 unit residential or 5+ unit multifamily
* Terms from 6-60 months (max 36 months for interest-only) with 30-year amortization option
* 1% prepayment penalty for first 3 months
* Personal guaranty and impounds required, appraisal may be waived
* Loan amounts from $30,000 to $2,000,000
* Interest rates from 10.50% to 15.00%
* Origination fees from 2% to 10%
* Maximum LTV and LTP both at 70%
* 1 month seasoning required
* Minimum DSCR of 1.00
* Maximum DTI of 50%
* Minimum credit score of 600
* Portfolio lending available for 1-10 properties

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* Appraisal fee charged only if appraisal required
* Construction draw fees set by third-party funds control
* Minimum origination fee of $2,000
* Additional fees available upon request

Mandatory Fees for New Borrowers:

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* Underwriting Fee
* Multi-Purpose Lender Fee
* Processing Fee
* Funding Fee
* Settlement Fee
* Appraisal Fee (if required)
* Inspection Fee
* Escrow Fee
* Title Fee
* Credit Report Fee
* Extension Fee
* Renewal Fee
* Construction Draw Fee
* Other Fees as applicable

Third Party Fees:

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* Documents Fee
* Appraisal Fee
* Inspection Fee

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