COMMERCIAL PURCHASE & REHAB FUNDING
Available in major markets nationwide, commercial purchase and rehab loans from $250,000 to $5,000,000 for multifamily and mixed use properties. The advantages of our commercial rehab financing include:
70% of Purchase Price and 100% of Rehab Cost up to 65% of ARV:
-
Loan Amount: $250k-$5M
-
LTV of Purchase price: up to 70%
-
LTC of Rehab amount: 100%
-
Max Loan to ARV: up to 65%
-
Refinance and Rehab available at reduced LTV
-
Minimum As-Is Appraised Value: $250k
-
Collateral: Commercial apartments 5+, Mixed use with Apartments, Condo Conversions
-
Term: 12 months
-
Rate: Starting at 8.99%
-
Points: Vary based on loan amount
-
Credit Score: 650 Minimum
-
No pre-payment penalty
Borrower Parameters:
A borrower seeking a hard money loan must meet the following generally stated minimum requirements. Specific minimum requirements are set following our receipt of a loan application.
-
Preferred borrowers can be Corporations or Limited Liability Companies
-
Prior purchase and rehab experience preferred, but not required
-
Reasonable cash reserves of about 10-15%
-
Reasonable net worth
-
Credit score – 650 or better
-
Ability to perform exit strategy required
Available in ALL STATES except: NV, SD, ND, MN, OR, VT, HI