(240) 474-9774

QUALIFICATION

• Short-Term: 660 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 12 MONTHS TERMS

 • Loan Amount: Short-Term: $250k – $2.5M ($1M Max per unit)

• Term: 12 – 18 Months (Extended Terms Available)

• No Prepayment Penalty on 12 Months Loan

• 9 acres is the max

• Rates Starting at 10.49%  

• Light Rehab Purchase: Light Rehab: Up to 85% of Purchase Price + 100% of Renovation Costs; Not to Exceed 70% of the ARV, loan capped at 90% total loan to cost (purchase + rehab)

• Moderate Rehab: Up to 85% of Purchase Price + 100% of Renovation Costs; Not to Exceed 70% of the ARV, loan capped at 90% total loan to cost (purchase + rehab)

• Heavy Rehab: Up to 75% of Purchase Price + 100% of Renovation Costs; Not to Exceed 60% of the ARV

ELIGIBLE PROPERTIES

Multi-Family Real Estate -5+ Unit Apartments

Mixed-Use Properties (Residential Space Must Represent 70%+ of the Property's Total Square Footage)

LOAN 30 YEARS TERMS

• Loan Amount: $250k – $2M for Multi-Family (5+)/Mixed-Use

• Term: 30-Years (Amortization Options Available

• Amortization Options: Hybrid ARM 5/1, 7/1, or 10/1; 30-Year Fixed; 5, 7, or 10 year Interest-Only

• Prepayment Penalty: 3-5 years, shorter prepay periods will have higher rates

• Minimum DSCR: 1.20   

• Rate: As low as 7.25 

• Purchase: Up to 67.5% of purchase price (720+ score with experience)