Lending CriteriaDescription
Purpose:
  • New Construction
Property Type:
  • Single Family Residence (1-4)
  • Multifamily
  • Commercial
Loan-to-Value / Loan-to-Coast:
  • 65% – 70%
Minimum Credit Scores:
  • 680
Prepayment Penalty:
  • None
Minimum Loan Amount:
  • $300,000 – $2,000,000+
Minimum Debt Service:
  • 1.25% – Commercial
Recourse:
  • Yes
Conventional Lender Fee:
  • $1,000 + $1,950 Processing
Broker Fee:
  • 1 – 2 points + $1,495 Processing
Terms:
  • 12 – 18 Months
Reserves:
  • 10% of loan amount
Closing Timeframes:
  • 60 – 90 days
Net Worth:
  • Equal to Loan Amount
Amortization:
  • Interest Only as Disbursed
Collateral:
  • 1st Trust Deeds
Other Costs:
  • All 3rd Party Fees; Fund Control, Environmental, Title, Escrow, Etc.