COMMERCIAL CONSTRUCTION LOANS

Apply for a Commercial Real Estate or Construction Loan
Minimum Loan Request: $1,000,000 Maximum Loan Amount: NONE Your loan request is a good fit for us if it meets the following guidelines:
Eligible Property Types
  • Apartment Buildings
  • Apartment Conversions
  • Condos Converted to Multifamily
  • Condo Projects
  • Hotels
  • Mixed Use
  • Mobile Home Parks
  • Modular / Manufactured Home Parks
  • Multifamily Buildings
  • Multiple Units on Same Lot
  • RV Parks
  • And more
ELigible Types of Borrowers
  • Owner, Non-Owner Occupied or Investment
  • Sole Proprientorship, LLC or Corporation
  • Foreign Nationals
  • Visa, Green Card, or None
  • Borrowers in Bankruptcy
  • Borrowers in Foreclosure or Bailouts
  • Owned by sole Proprietorship, LLC or Corporation
  • Borrowers in Probate / Trust
  • Trust, Living Trust, Non Revoke
  • Attorney in Fact
Eligible Types of Loans
  • Owner User, Non Owner Occupied or Investment
  • C-PACE (100% construction financing, available in eligible states and certain counties)
  • Purchase Money
  • Refinance
  • Cash Out (No Cap)
  • Property Listed for Sale
  • Foreclosure / Bankruptcy Bailouts
  • Mezzanine Debt / 2nd - Purchase
  • Properties in Probate / Trust
  • Mezzanine Debt / 2nd - Refinance / Cash Out
  • Purchase Plus Construction
  • Purchase Plus Rehab
  • Refinance Cash Out Plus Construction
  • Refinance Cash Out Plus Rehab
Private Money Program - Asset Based Lending
  • LTV up to 70% (75% - 80% LTV case-by-case)
  • Loan Term: 1, 2, 3, 5 and 7 years
  • Interest only or Amortized over 30 or 40 years
  • Interest Rate: Risk Base Pricing
  • No Prepay Penalties
  • Cross Collateralize for Maximum Loan Amounts
  • NOT FICO Based, BAD FICO or NO FICO OK
  • DSCR: No minimum Debt Service Ratio
  • Sole Proprietorship, LLC or Corporation
  • No Occupancy Minimum / Vacancy OK
  • NO Upfront Fees Ever!!
  • Low Pricing Available / Risk-Based Pricing
  • Stated Income / SIVA / NO Doc
  • After Repair Value Allowed / Future Value OK / NO Reserves
  • NO title seasoning / Next Day Value OK / Non-recourse Option
  • BK Chapter 7, 11, 13 OK / Debtor in Possession Program
  • NO Net Worth or Liquidity Requirements
  • NO Appraisal Needed Program
  • NO Minimum or Maximum Loan Amounts / Interest Only Option
  • Close Loan in 30 Days
Bridge Multifamily Program - Asset Based Lending
  • LTV (Loan to Value) up to 80%
  • Loan Term: 6 months to 36 months
  • Interest only option
  • Interest Rates: Depending on the risk factor
  • Pre-payment Penalty: 3 months
  • Cross Collateralize for Maximum Loan Amount
  • Low Point Options Low Fees
  • No Doc, Stated Income Options
  • No Upfront Fees EVER!!!
  • Not FICO based, No FICO, No Citizenship Needed, TIN OK
  • Appraisals Need To Be Approved, Desk or Field Review Needed
  • No Reserves Needed, No CITV Option
  • No Title Seasoning Needed
  • No Bk or Foreclosures during the past 12 months
  • Down Payment: No Seasoning or Gift OK, No Liquidity Requirement
  • Close Loan: 5 - 7 Days
Alt-A Portfolio Multifamily Program - Lite Doc
  • LTV: up to 80% (85% LTV case-by-case)
  • Loan Terms: 3,5, 7, 10, 15, 20, 25, 30 and 40 years
  • Amortized Over: 15, 25, 30 or 40 years
  • Interest Rates: Rates Change Daily - Market Conditions)
  • Pre-Payment Penalty: 3 years or 5 years / Declining or Yield Maintenance
  • No Cross Collateralization
  • All FICO Based Criteria
  • Pricing Based on 6 month LIBOR Plus Arm Margin Starting at, 1.825. Floor equal to initial rate
  • Non-Recourse plus 1.5 to margin
  • Vacancy Max 15%
  • NO Upfront Fees Ever!
  • Full Doc Underwriting, Borrower Tax Returns, Building Full Financial Package, Full Appraisal and Reports
  • REserves Needed
  • 6 month Title Seasoning
  • NO BK or Foreclosures past 5 years
  • Net Worth and Liquidity Requirements
  • Close Loan: 30 - 40 Days
Alternative Portfolio Multifamily Program - Lite Doc / Soft Money
  • LTV: 65%+
  • Loan Term: 3, 4 or 5 years
  • Amortized: 30 years
  • Interest Rate: Risk base pricing
  • Pre-Payment Penalty: 3 years or 5 year Declining
  • Cross Collateralization: YES for maximum loan amount
  • Minimum FICO: 560
  • Recourse: Full Recourse
  • Vacancy Maximum: 30%
  • NO Upfront Fees
  • Full Doc: Building underwriting, Building Full Financial Package, Old Appraisals OK, Des or Field Review Needed
  • Light Reserves Needed
  • NO Title Seasoning Needed
  • NO BK or Foreclosure past 3 years
  • Light Net Worth and Liquidity Requirements
  • Close: 20 -30 Days
Small Balance Turn Down Multifamily Program - Non Prime Area Lending
  • LTV: up to 65%
  • Loan Term: 3 or 5 years
  • Amortized: 30 years
  • Interest Rate: Risk base pricing
  • Pre-Payment Penalty: 3 years or 5 year Declining
  • Recourse: Full Recourse Only
  • Vacancy: 20% Max
  • NO Upfront Fees Ever!
  • NO BK or Foreclosure during last 3 years
  • No Net Worth and Liquidity Requirements
  • Close Loan: 25 - 30 Days
HUD Multi-family Loan FNMA Loan Program - Government Program
HUD
  • LTV : 80% Max
  • Loan Term: 15 - 25 years
  • Loan Size: $2 million - $25 million
  • Interest Rates: Quarterly Variable Prime Plus 2.50%
  • Pre-Payment Penalty: 3 years or 5 year Decreasing
  • Minimum FICO: 660
  • Minimum DSCR: 1.25
  • NO Upfront Fees Ever!
  • Program Based Pricing
  • Properties must be 90% minimum occupied
  • Borrowers must have adequate cash flow to cover debt levels and acceptable credit history
  • Light Reserves Needed
  • NO BK or Foreclosure during the past 7 years
  • Full Doc
  • Close: 100 - 160 Days