Hard Money Asset Based Loan Guidelines
Hard Money Asset Based Loan Types
- Renovation Loan – Fix & Flips / Fix & Holds / Condo Conversion
- New Construction – Ground up
- Commercial Bridge
Property Types (Non-Owner Occupied)
- Single Family
- Multifamily
- Mixed-use
- Commercial
Loan Parameters
Borrower Profile:
Builders, Flippers, Investors, and Real Estate Developers
New Construction:
Yes! – We Fund 100% of Construction Costs
Loan Size:
$150,000 – $3,500,000
Loan Term:
12 – 18 months – Extensions Available at Lender Discretion
Lending Areas:
Massachusetts, Florida, New Hampshire, Rhode Island, Maine (other states on a case-by-case basis)
Interest Rate:
as low as 10% – Interest Charged on Outstanding Balance
Origination Fees:
As low as 2% – split 1 upfront and 1 at Exit
Loan To Value:
Up To 75% – As-Renovated
Payment:
Interest Only / Payments Due Every 30 Days
Closing:
Close in as little as 5 – 7 Days – Subject To Clean Title
Collateral:
First Mortgage, Real Estate Only
Credit Requirements:
Borrower Friendly Credit Requirements
Documentation:
Stated Income / Stated Asset
Appraisal:
Not Required unless a Commercial Property
Fix & Flip / Fix & Hold
Renovation Loan
SFR / Multi
Bridge Loan
Streamline Hard Money
Renovation Loan
Streamline Ground-up
Construction Loan
Streamline Commercial
Bridge Loan
Loan Amount
$100,000 to $7,000,000
$100,000 to $7,000,000
$150,000 – $5,000,000
$150,000 – $5,000,000
$150,000 – $5,000,000
Property Type
SFR & Multifamily
SFR & Multifamily
SFR, Multi & Commercial
SFR, Multi & Commercial
SFR, Multi & Commercial
Loan Term
12-18 mos
12-18 mos
12-18 mos
12-18 mos
12-18 mos
Interest Rates
As low as 9%
As low as 9%
10% to 12%
10% to 12%
10% to 12%
Origination Points
2 Points
2 Points
2 Points
2 Points
2 Points
Loan-to-Cost (LTC) %
Max 90%
Max 85%
Max 85%
Max 85%
Max 85%
Loan-to-Value (LTV/ARV) %
Max 70%
Max 80%
Max 70%
Max 70%
Max 70%
% of Construction
Funded
100%
N/A
100%
100%
N/A
Collateral Requirement
1st Lien Only
1st Lien Only
1st Lien Only
1st Lien Only
1st Lien Only
Monthly Payments
Interest-Only on Balance
Interest Only
Interest-Only on Balance
Interest-Only on Balance
Interest-Only
Borrower Experience
Min 1 Flip / 10+ = Best Rate
Min 1 Deal / 10+ = Best Rate
Min 1 Deal – Case-by-Case
Min 1 Deal – Case-by-Case
Min 1 Deal – Case-by-Case
Borrower Requirements
Held in LLC/ Non-Owner Occ
Held in LLC/ Non-Owner Occ
Held in LLC/ Non-Owner Occ
Held in LLC/ Non-Owner Occ
Held in LLC/ Non-Owner Occ
Credit Minimum
625
625
625
625
625
Appraisal Requirements
> $1MM = 7-Day Valuation
> $1MM = 7-Day Valuation
None
None
Yes
Your Title Goes Here
Easy application process that can be completed in minutes
Your Title Goes Here
Fast approval and money in your
hands as soon as 2 days
Your Title Goes Here
Payment plans that only charge
interest on the money drawn
RECENT TRANSACTIONS
Recent Projects Funded by EMCAP Lending
Loan Amount:
$312,500
Loan Type:
Renovation
Property Location:
Southern Maine
Loan Amount:
$685,000
Loan Type:
Renovation
Property Location:
Massachusetts
Loan Amount:
$630,000
Loan Type:
Renovation
Property Location:
Southern Maine
Loan Amount:
$196,000
Loan Type:
Commercial Bridge
Property Location:
Rhode Island