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175 SW 7th Street, Suite 2205 Miami, FL 33130

Residential Fix & Flip [ 1 - 4 units ]

Lending Summary

LOAN TYPE Residential Business Purpose
Non-owner occupied
LOAN AMOUNT $75,000 to $5,000,000
MAX. TERM AMORTIZATION Up to 36 months
Interest Only
INTEREST RATE Starting at 8%
ORIGINATION FEE Starting at 2%
LOAN-TO-VALUE [ LTV ] Up to 75% of “as is” value not to exceed 90% LTC
Up to 70% LTARV on loans with construction reserves
Up to 65% LTV for cash-out refinance
RECOURSE Personal guaranty is required for entity borrowers and at least one guarantor must be owner of the borrower entity.
Individual borrowers are allowed.
LIEN TYPE 1st position trust deeds and mortgages
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