Credit Lines

• Loan amts from $25K to $150K

• Rates: 0% possible for 1st 6 months and final rate determined on a case by case basis (average is 8 to 12%)

• Approximate 3 week closing time

• No upfront fees 

• 700 min credit score with no derogs required

• Co-signers allowed

• No judgements or collections in unpaid status

• Absolutely no bankruptcies

• Limited recent credit inquiries, (12 in one year, no more than 4 per bureau)

• No income verification

• No business entity or seasoning of entity required

• Personal guarantee required

• Finance fee, payable from the line upon approval will be 8 to 10% of approval amount

• Max loan amount is up to $150K per person

• There are no repeating fees other than interest for usage of the line

• Funds may be used for any usage you deem fit

 

Commercial Loans

• Loans range from $25,000 to $1 million (minimum property value of $75,000)

• Credit rating from 400 and up

• Property types financed include apartment buildings, mixed use, retail buildings, office buildings, warehouses, auto repair shops, day care businesses, hotels, motels, office buildings 

• We the capacity to help with unusual loans and circumstances

We work in 44 states doing commercial originations

 

Construction and Land Loans

• Interest rate As Low as 8.0%

• LTV 65% of Cost, 50% of As-If Completed

• Lien position 1st Trust Deeds Only

• Loan amounts $500,000 and up

• Loan term 6 - 24 Months close time Documentation Appraisal & Tax Returns required in certain cases

• Undewriting 48 Hours 

• Closing As little as 7 days

• Geography Western United States

• Property types NOO Single Family Residence

• Multi-family

• Various Commercial

• Submission Requirements Submission Form or Online Submission Form

• 1003 Application or Online 1003 Application

• Credit Report or Verbal of FICO Score

• Resume of Borrower

• Status of the Purchase Escrow (if applicable)

• Description of Current Improvements

• Description of Future Improvements

• Proposed Floor Plan (if available)

• Short Executive Summary

• Credit Authorization

 

Blanket Loans

 

• Rates 5.5% to 13% fixed

• cash out refi allowed, no limit on amount

• No limit on properties owned

• No seasoning required

• Residential or Commercial properties

• Amortized 15 to 30 yrs

• 1 to 3 points typical depending on loan size and credit

• Term 5 to 15 yrs with option to extend

• 600 min credit score, lower on a case by case basis

• Foreign Nationals accepted

• Personal income and debt ratios are not considered

• $200K min loan amount, no max

•  Up to 75% LTV

• May be used to purchase a portfolio or refinance

• Non Recourse available

• Some are assumable

 

 

Fix and Flip and Rehab and Hold

 

• Pricing for 500 credit score to 700 plus

• 85% LTV on purchases up to 90% LTV on the Rehab portion

• 100% Rehab loans available in special case by case

• 15 to 30 year amortizations

• 3 month to 30 year terms

• Rates from 6.5% to 13% depending on credit

• Min loan amount $10K, no max 

• Loans with no pre pay penalty

• Up to 65% LTV cash out or purchase

• LLC or Corp is acceptable on title

• Full doc or no doc

• Cash flow of the subject property, not debt ratio, is most important

• No limit on properties owned or financed