Capital Three Sixty LLC

7 Towpath Lane | Avon, CT 06001

Toll Free: 866.673.2300 | Tel: 860.673.2300 | Fax: 860.946.6226 | apply@capitalthreesixty.com

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© 2016, 2017, 2018, 2019 by Capital Three Sixty LLC

BROKER PROGRAM

Purchase and Rehab Loan Programs:

We offer multiple purchase and rehab loan options:

85% of Purchase Price and 100% of Rehab Cost to 75% of ARV:
 

Loan Amounts: $75,000 to $3,000,000

Loan to Value: 85% of the Purchase Price and 100% of Rehab cost

Interest rates: Depends on borrower profile

Loan Term: 12 months

Payments: Interest only monthly, no interest reserve required

Lien Position: First Only

Prepay: none

States: Available in ALL STATES (except NV, SD, ND, MN, OR, VT)


80% of Purchase Price, No Construction Escrow Required:

Loan Amounts: $75,000 to $3,000,000
Loan to Value: Up to 80% of the Purchase Price
Interest rates: Depends on borrower profile
Loan Term: 12 months
Payments: Interest only monthly, no interest reserve required
Lien Position: First Only
Prepay: none
States: Available in ALL STATES (except NV, SD, ND, MN, OR, VT)


Bridge Loan Purchase or Refinance:

Loan Amounts: $75,000 to $3,000,000

Loan to Value: Up to 75% of the Purchase Price

Interest rates: Depends on borrower profile

Loan Term: 24 months

Payments: Interest only monthly, no interest reserve requiredLien

Position: First Only

Prepay: none

States: Available in ALL STATES (except NV, SD, ND, MN, OR, VT)


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
Reasonable existing income
Reasonable cash reserves of about 10-15%
Reasonable net worth
Credit score – 600 or better, some exceptions apply
Ability to perform exit strategy required

Property Types:

Residential: Single Family non-owner occupied

Condominium: Non-owner occupied, must be warrantable

Multifamily: 2-4 unit non-owner occupied


Documents for Purchase and Rehab Loans:

  • Application

  • Rehab Budget Form

  • Valid ID

  • Purchase and sale agreement for the property, if already under contract

  • Sixty (60) consecutive days of statements of accounts for liquid assets

  • We will need the following documentation for the entity in which you will be vesting title: Certified Articles, Certificate of Good Standing, Executed Operating Agreement

  • Insurance policy quote for the property prior to closing

  • Contact information for your closing attorney or title company