We only lend in First Lien Position. All residential properties must be Non-Owner Occupied to be considered for a loan.

Our Loan-To-Value limits are based upon the project’s classification:

One to Four Family Residential Rehab
Up to 70% of the After Repaired Value

One to Four Family New Construction
Up to 70% of the After Built Value

One to Four Family Acquisition (non-rehab)
Up to 65% of the ‘As Is’ value

Commercial Rehab
Up to 65% of the After Repaired Value

Commercial New Construction
Up to 65% of the After Repaired Value

Equity Cash Out
Up to 40% of the ‘As Is’ value

Raw Land Development into Finished Lots
Up to 65% of the After Developed Value

Terms:
Depending on the project our terms are from 3 months to 18 months
Never a Pre-Payment Penalty After 3 Months

Rates:
Depending on the project our interest rates are between 11% and 13%

Points:
Points are between 4 and 5 and paid at closing