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Multifamily & Mixed-Use Cosmetic Rehab Loans 

Purchase or Refinace with Rehab

$500,000 to $20 Million Nationwide

4.75%+ interest only on funds drawn

Origination varies Non-recourse (for 25 bps to 50 bps)

680+ middle FICO credit score

No tax returns, income verification or upfront fees

Finance 85% LTC (purchase price, loan payoff, hard and soft costs) up to 75% ARV

24 month term with two 1 year extensions

5+ units class A, B and C rental properties

No prepayment penalties

DSCR: in place not applicable; take-out DSCR 1.20X+ with agency debt assumption of 2 year proforma NOI and local property type cap rate

Liquidity required: 9 months payments + 20% of rehab budget

Net worth: equal or greater than loan amount up to $5 Million

Bankruptcy: none past 7 years

Foreclosure, short sales and deed in lieu: none in last 4 years

Foreign nationals eligible at lower leverage for USA projects

Subordinate debt not permitted

Fast underwriting and loan closings

To submit your online loan request, please click the blue GET STARTED LINK for your PRE APPROVAL Term Sheet within 48 business hours. No credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL. LO

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