| NON-CONFORMING (Short-Term) | Max LTV | Loan Limits |
|---|---|---|
| Multifamily 5+ Units | 80% to 90% | $100k – $50MM+ |
| 1-4 Units | 80% to 90% | $100k – $50MM+ |
| Office | 70% to 80% | $100k – $50MM+ |
| Retail | 75% to 85% | $100k – $50MM+ |
| Industrial | 80% | $100k – $50MM+ |
Recourse and Non-Recourse options available.
$100k to $50MM+
A strong schedule of real estate owned is important but not required.
N/A
Less than 30 days. Many Bridge Loans can be closed in 7 to 21-days.
No prepayment penalty in most cases.
All Property Types: 1 to 3-year terms, interest only.
No minimum credit score requirement.
No minimum credit score requirement.
FULL or LITE-DOC UNDERWRITING Rent Roll (if applicable) P&L / Last 12 to 24-months (if applicable) Borrower 1003 or Personal Financial Statement Schedule Real Estate Owned Bank Statement(s) Verifying Down Payment/Reserves Minimum 3 Quality Property Photos No tax return options Scope of Work Budget Borrower Resume / Project History
Loan is fixed for 12 to 18-months with interest only amortization. Loan is due at the end of the 12 to 18-month term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, and condos. ICS Fix & Flip - Rehab Loans are short-term interim loans designed for properties needing minor to major renovations