Loan Requirements

Residential Bridge Loan

• Residential single-family 1-4 properties
• Multi-Family 5-20 units
• Non-owner occupied properties, investor only
• All loans secured by first trust deeds
• Borrower must be LLC or corporation
• All projects must include value-add rehabilitation
• Rehabilitation funds must be verified prior to closing
• Internal property valuation required
• $1,250 Underwriting fee
• Minimum purchase price amount, $95,000

Rehabilitation Loan

• Incorporated with 1st trust deed Bridge Loan
• Must not exceed 100% of the purchase price
• Interest charged on disbursed funds
• $600 Processing fee
• Periodic construction draws
• Licensed contractors required

Ground Up Construction Loan

• Advance up to 65% of the purchase price
• Interest rates starting at 9.5%
• 15 - 24 month term
• No prepayment penalty
• Two years tax returns
• Licensed contractors required
• Ground up construction experience (min. three deals)