(240) 474-9774

QUALIFICATION

• Short-Term: 620 Minimum FICO Score

• Long-Term: 680 Minimum FICO Score

• 3 Months of Cash Reserves 

• Down Payment

• Closing Cost

• No Derogatory Public Records in the Past 2 Years

LOAN TERMS

• Short term 12 Months (6-Months Extension Available)

• No Prepayment Penalty on 12 Months Loan

• Long Term - 30-Year Fixed Rate and 5/1 Hybrid ARM Options

• Prepayment Penalty: 5% for 3,5,7 or 10 years

• Interest Only Options Available 

• Rates Staring at 8%

FEES

• Cost of an Appraisal

• $25 Credit Check

• Points at Closing

• $995 Legal Fee at Closing

• Light Rehab Purchase: No to Exceed 65% of ARV

• Light Rehab Purchase: Max Up to 70%% of Purchase Price + 100% of Rehab Cost

Pricing 

• Short-Term: $250k – $10M ($1M Max per unit)/Mixed-Use)

• Long-Term: $250k – $3M ($1M Max per unit)/Mixed-Use)

ELIGIBLE PROPERTIES

• Multi-Family Real Estate - 5 to 25 Unit Apartments

REQUIRED DOCUMENTATION

• Loan Application

• 3 Months of Bank Statements

• Tax Returns

• Corporate Documents

MAX LEVERAGE  (Experience 3+ Fix/Flip/Rental  within 3 yrs)

• Light Rehab Purchase: No to Exceed 70% of ARV

• Light Rehab Purchase: Max Up to 80%% of Purchase Price + 100% of Rehab Cost

• Heavy Rehab Purchase: Min Up to 65% of ARV

• Heavy Rehab Purchase: Max Up to 70%% of Purchase Price + 100% of Rehab Cost