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
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Fast approval and money in your
hands as soon as 2 days
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Payment plans that only charge
interest on the money drawn
RECENT TRANSACTIONS
Recent Projects Funded by EMCAP Lending
Loan Amount:
$789,000
Loan Type:
Commercial Bridge
Property Location:
Massachusetts
Loan Amount:
$1,359,000
Loan Type:
SFR Construction
Property Location:
Florida
Loan Amount:
$1,050,000
Loan Type:
Commercial Bridge
Property Location:
Southern Maine
Loan Amount:
$647,500
Loan Type:
Construction
Property Location:
Southern Maine