Property is 51% or more occupied by an operating company that has the same or similar real estate ownership
Property is 51% or more occupied by an operating company that has the same or similar real estate ownership
Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV: Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV
Term: 12 – 18 Months
Minimum As-Is Property Value:
o $50k for Single-Family
o $25k per Unit for 2-4 Family
o $35k per Unit for Multi-Family (5+)/Mixed-Use
Loan Amount:
o 50k – $7.5M for 1-4 Family, Condos, & Townhomes
o $250k – $10M for Multi-Family (5+)/Mixed-Use
Minimum FICO: 620
Rates: As Low As 10.99% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty: N/A
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