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Major Structural Rehab Financing for 1-9 Unit Residential Projects

No upfront fees, tax returns or income verification

Eagle Commercial Funding Capital Corporation is a Direct Private Commercial Lender in 45 States. We partner with Wall Street, Hedge Funds, Insurance Companies, Private Lenders, Family Offices, SBA, Table Funders, FHA-HUD, FNMA and FREDDIE MAC.

Loan amounts: $250,000 to $5 Million per property 

Nationwide except ND, SD, or VT.

Urban, suburban and rural locations 

Finance up to 85% of purchase price/loan payoff plus 100% of rehab (85% BLENDED LTC) to 70% ARV 

Fast, in-house draws  

Term: 12-to-24-months  

Competitive fixed interest paid on drawn balance

No prepayment 

Origination: See PRE-APPROVAL Term Sheet

Major Structural Rehab Experience requirements LTC and ARV based:

  1. 2 to 4 projects started and completed last 2 years: Blended LTC 80% to 70% ARV  
  1. Five+ started and completed last 2 years: LTC 85% to 75% ARV for 1-4-units and 70% LTC to 70% ARV for five 5+ unit multifamily  

Eligible properties: 1-9-unit non-owner-occupied residential; no minimum property condition 

Ineligible properties: rural, mixed-use, manufactured, condotels, farms, storage, commercial and land 

Vacation properties near beaches, lakes or mountains not supported by larger cities, economies besides tourism 10% below max LTC.  

Eligible projects: Structural renovations; properties not structurally sound; removal of exterior walls including roof; Adding additional story, detached ADU or more units; Adding/Subtracting square feet 

Ineligible projects: New or mid-construction; conversions (case by case); mid-rehab refinance paying off a loan; properties with extensive fire or water damage 

Credit requirements: 

  • 660+ mid FICO credit score 
  • No minimum tradeline required 
  • Multiple qualified guarantors: highest middle 
  • No bankruptcy, foreclosure, DIL, modification or short sales last 4 years 
  • Mortgage lates: no 30-day lates last 12 months or 60-day lates last 48 months 

Liquidity: cash to close plus reserves to complete project and pay monthly interest;

Liquidity verification: most recent statement from checking, savings, money market CD’s, and brokerage accounts; must be complete statements – no online screen shots 

Non-recourse for 25 to 50 bps

No seller notes or other subordinated debt permitted

Foreign nationals: lower leverage

Appraisals <6 months old considered

Ineligible borrowers: (1) financial crimes, (2) bankruptcy/foreclosure last 4 years: (3) Federal Tax liens must be cleared before closing 

Ineligible properties: Owner-occupied, rural exotic properties, mixed-use, raw land, commercial, manufactured, mobile homes, condotels, timeshares, farms, 2+ acres per lot (exceptions) or <700 square feet per unit, extensive water or fire damage. 

Loan exit strategy: profitable sale or longer-term hold to raise rents and capital appreciation

Clean title  

From initial application to loan payoff, we’re here for you.

Let’s Finance Your Next Deal!

To submit your online loan request, click the blue GET STARTED Link for PRE-APPROVAL Term Sheet within 48 business hours for qualified borrowers.  

No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL. 

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