Fix & Flip / Buy & Hold

The terms are simple and straight forward; this short list of items is all you need to fund your loan!

  • No 4506 Stated income 80% LTV for metropolitan areas in California.
  • No minimum FICO score required (0.5 add to rate if less than 640 FICO).
  • No limit of number of real estate properties owned.
  • SFR, 1-4 Units & 5+ Apartment Buildings.
  • Down payment can be 100% gift.
  • Purchase, Refinance Cash-Out & Rehab to 90% CLTV.
  • Business funds are eligible for asset qualification & down payment.
  • Loans made to individuals, businesses, trusts & foreign nationals.
  • Both W2 and self-employed borrowers are eligible.
  • Correspondent Lender’s license to lend in CA, AZ, CO, HI, ID, FL, OR, TX & WA.
  • (1% add to rate for loans outside of CA) – All programs and rates are subject to change at any time.
Lending Criteria 1 YEAR 2 YEARS 4 YEARS
Interest Rate 9.5% 8.99% 8.50%
LTV Max 75% 75% 75%
Lender Points 2 2 2
Fico Requirements None None 640
Property Types SFR/1-4/5+/Condos SFR/1-4/5+/Condos SFR/1-4/5+/Condos
Lender Fee $1,495 $1,495 $1,495
Interest Required 4 Months 12 Months 24 Months
Term Extension Fee 1 Point / 6 Months 1 Point / 6 Months 1 Point / 6 Months
Loan Amounts $100,000 – $5 mil $100,000 – $5 mil $100,000 – $5 mil
Closing Time Frame 5 – 10 Days 5 – 10 Days 5 – 10 Days
Collateral Cross-Collateralization Cross-Collateralization Cross-Collateralization
Broker Origination 1-2 point / TBD 1-2 point / TBD 1-2 point / TBD
  1. 80% LTV available on properties up to $1 Million value in major metropolitan areas of California.
  2. Properties outside of these parameters will be subject to a 75% LTV Max.
  3. Lender Points subject to change for 1-year term products.
  4. If FICO < 640 + 50 bps to rate.
  5. Lender fee includes valuation for one property.
  6. No formal appraisal required for property values under $2 Million.
  7. Lender Fee Subject to change for multiple/cross-collateralized properties and 5+ Unit Properties.
  8. 12-month bridge loan: +.50 point to waive pre-payment penalty.
  9. Closing time frame estimated from receipt of full documentation package