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Loan Size
$50,000 up to $5 million.
Credit
640+ credit scores for primary borrower or primary guarantor.
Loan-To-Value
Loan amounts up to 80% of property value for non-owner occupied properties.
Loan Purpose
Rate/term refinance, cash-out refinance, or purchase.
Occupancy
Owner-occupied or investor properties are acceptable.
Loan Types
1 to 5 year fixed rates, with options to fix rates for shorter periods.
Terms
15 and 20 year fully-amortizing loans are available on all property types.
Rate
Pricing based on property type, loan-to-value, borrower credit score, and amortization period.
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Pre-Payment Fees
Varies based on loan type. Typically, commercial loans have five year pre-payment penalties. There are multiple options available to reduce/limit the pre-payment penalties.
Guarantee
Personal guarantees are mandatory for all eligible borrowers including individuals, corporations, partnerships, LPs, LLCs, and certain trusts (any members of a corporation with 10% or more of an interest will need to provide personal guarantees).
Escrows
*Tax escrows may be required. Insurance escrows may be required.
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