Age Restricted Housing (80%+ of households must have a 55+ resident)
*$1 Million to $15 Million (including preferred equity and mezzanine financing); property’s first mortgage must be financed with us to qualify for this program.
*No minimum credit score required (asset based lending)
*No tax returns or income verification
*Interest reserve can be built into loan so no monthly payments
*finance/refinance 75% of purchase price; 85% to 90% by adding mezzanine financing or preferred equity to capital stack
*Term: 6 to 36 months
*No prepayment penalty
*7.5% to 8.5% (subject to underwriting)
*1st lien required
*Foreign nationals welcome for USA properties
*Loans funded in 20 to 30 days
To submit your online loan request, please click the blue GET STARTED Link to receive your PRE-APPROVAL Term Sheet within 48 business hours. No upfront fees, Social Security Numbers, credit checks or credit cards are required for PRE-APPROVAL.