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:
80% of Purchase Price and 100% of Rehab Cost up to 70% of ARV:
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Loan Amount: $250k-$5M
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LTV of Purchase price: up to 80%
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LTC of Rehab amount: 100%
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Max Loan to ARV: up to 70%
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Refinance and Rehab available at reduced LTV
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Minimum As-Is Appraised Value: $250k
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Collateral: Commercial apartments 5+, Mixed use with Apartments, Condo Conversions
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Term: 12 months
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Rate: Starting at 8.99%
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Points: Vary based on loan amount
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Credit Score: 650 Minimum
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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.
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Preferred borrowers can be Corporations or Limited Liability Companies
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Prior purchase and rehab experience preferred, but not required
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Reasonable cash reserves of about 10-15%
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Reasonable net worth
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Credit score 650 or better
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Ability to perform exit strategy required
Available in ALL STATES except: NV, SD, ND, MN, OR, VT, HI