RATES
Rates as low as 9.75%
Interest rates based on loan to value (LTV), credit score and investment track record.
LEVERAGE
Up to 90% LTV
More leverage lets you do more deals. We'll customize a program for your growing business.
LOAN AMOUNTS
Loans up to $2.5 million
We fund loans between $75,000 and $2.5 million. No minimum property value.
PROPERTY TYPE
Residential Real Estate
Single family homes, townhouses, condos and 2-4 unit properties.
CREDIT SCORE
680 Min FICO Score
Borrowers must have a middle FICO score of 660 or greater to qualify.
BORROWER TYPE
Entity Only
You may purchase in through an LLC, GP, LLP, Corporation or Revocable Trust.
How it Works
Start by becoming familiar with our loan program and getting pre-approved for financing. A loan specialist is happy to answer any questions.
Once you've identified a property and have it under contract, submit a loan application along with a copy of your sales contract, scope of work and renovation budget.
We then create a single loan for you broken into two parts: 1) acquisition financing 2) renovation financing. The renovation financing will be released in draws after settlement.
Once you approve the terms, we begin processing your application with the goal to close in 3-4 weeks.
frequently asked questions
Can I hold onto a renovated property as a rental?
Yes, our Fix & Rent loan program is specifically designed for investors who wish to purchase and renovate properties in order to build a rental portfolio. Once the property has been renovated, we’ll work to refinance you into a 30-year rental loan.
Do I need to be a US citizen to qualify for financing?
Foreign nationals and non-permanent residents qualify for financing with a 5% LTV reduction for acquisition financing and 10% LTV reduction for refinances. An LLC must be established to borrow funds.
What documents will I need to qualify?
The most important documents you will need are the following:
- ratified sales contract,
- recent credit report (we can pull your credit),
- renovation budget and scope of work,
- entity documents (LLC formation, operating agreement, etc.)
How it Works
Start by becoming familiar with our loan program and getting pre-approved for financing. A loan specialist is happy to answer any questions.
Once you've identified a property and have it under contract, submit a loan application along with a copy of your sales contract, scope of work and renovation budget.
We then create a single loan for you broken into two parts: 1) acquisition financing 2) renovation financing. The renovation financing will be released in draws after settlement.
Once you approve the terms, we begin processing your application with the goal to close in 3-4 weeks.
Main Office
270 Madison Ave Suite 1008
New York, NY 10016
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