Underwriting Guidelines

Where we lend

Loan programs are currently available in AZ, CA, CO, DC, FL, GA, MD, NC, TN, TX, VA & WA. Call (800) 208-2976 for the latest availability.

Loan Amount

$100,000 – $2,500,000

Loan to Value (“LTV”):

Our maximum loan to value is 85%.

Loan to Construction(“LTC”):

Our maximum loan to construction is 85%.

Loan to After Repair Value (“LTARV”):

The maximum loan to value is 75% of the as repaired value of the property.

Minimum Down Payment:

Borrowers are required to contribute a minimum of 20% – 30% equity for each loan. This must be in the form of cash consideration, not “created” equity.

Personal Guarantee:

Personal guaranties are required for all loans for the entire loan amount. If a borrower is an entity, then a personal guarantee is required by the entity owner(s). If the borrower is an individual, then the guarantor cannot be a spouse.

Allowed Collateral:

 

Single family residential, detached
Single family residential, attached
Town homes, detached
Town homes, attached
Condominiums
Multi-family rental properties (1-4 units)
Mostly constructed properties

Prohibited Collateral:

 

Mobile homes
Commercial properties
Partially constructed properties with significant unfinished work