Loan Guidelines
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 (Non-Owner Occupants) |
| 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, New Hampshire, Rhode Island, Maine |
| Interest Rate: | as low as 10% – Interest Charged on Outstanding Balance |
| Origination Fees: | 2% – 3% – Split 1/2 at Close and 1/2 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 |
