See What Sets Us Apart As The Preferred Choice For Investors
We require a 680 credit score and three renovations completed in your history.
Origination Points: 2
Interest Rates: 8.75-11%, adjusted based on factors such as credit score, property type, borrower experience, renovation size, population density, and loan-to-value ratio.
Financing: Up to 80% of the Purchase Price and 100% of Renovation Costs.
Rate & Down Payment: Determined after appraisal, with potential adjustments based on appraisal data.
Loan Amount: Up to 70% of the appraised After Repair Value (ARV), capped at 85% of the purchase price plus renovation costs.
Term: 12 months
Processing Fee: $1,600
Minimum Down Payment: $35,000
Prepayment Penalty: None
Monthly Payments: Interest only, based on the purchase price and disbursed construction funds.
Entity Lending: We only lend to entities (LLCs, corporations, etc).
Getting Everything Ready for Closing
Appraisal & Closing
Appraisal: Required. We can close 5 days after receiving the appraisal.
Closing Timeline: Typically 10-14 days from appraisal order, faster if necessary.
Down Payment & Rate Adjustment: Post-appraisal data may impact the good faith estimate of the rate and down payment.
Supporting You Through Every Step
Construction Financing
Draws: Reimbursement for completed work from your construction reserve escrow. Each draw costs approximately $150 and takes about 5 business days to process.
Draw Amounts: Based on your submitted budget and approved by a third-party inspector.
Interest on Construction Funds: No interest charged on funds in escrow; interest begins only after funds are distributed
Required Documentation
For Appraisal:
Property Address.
Purchase contract and assignment agreement (if applicable).
Completed Application.
Renovation budget and summary (including final bed/bath count and basement details).
Showing instructions for the appraiser.
Required Documentation
For Underwriting:
Copy of Driver’s License.
Completed TDC budget and scope of work form.
Last three bank statements.
Completed track record form.
Title Company information (contact name, email, phone).
Insurance Company information (contact name, email, phone).
Full entity documentation (Articles of Organization, Certificate of Good Standing, Operating Agreement, voided check, and EIN form).
If track record entities differ from your current entity, provide the Operating Agreement showing your membership.
Key Terms:
For High Leverage Up to 105% LTC
We cap out loans at 70% of the Appraised After Repair Value | 5 Origination Points
12-15% Interest Rate
We cap out loans at 70% of the Appraised After Repair Value
5 Origination Points
12-15% Interest Rate
We believe good people who work hard achieve great success.
It is why we form strong relationships with our borrowers and commit to helping them succeed.
