Residential Loans

A residential business purpose loan is used to purchase an investment property or a cash out refinance where the funds are used for any business purpose. An investment property would be considered a property being fix up to sell or a rental property.

Residential Loan Terms

LOAN AMOUNT
$100,000 to $5,000,000

LOAN TERM
6 to 24 months with option for extensions

ASSET TYPES
1-4 SFR

GEOGRAPHY
California

LOAN PURPOSE
Acquisition, Flip, Rental, Cash-Out

LOAN-TO-VALUE/COST
Up to 70% LTV
(higher leverage considered on a selective basis)

RATES
Starting at 10.99%

LOAN FEES
Varies depending on loan profile and term

DSCR
Below 1.0 will be considered

AMORTIZATION
Interest only

RECOURSE
Non-recourse available

PREPAYMENT
No prepayment penalty

CLOSING TIME FRAME
3-5 business days