Loan Program # 1
Amount $50k - $2M
LTV 65% of purchase, up to 100% of rehab
INT 15%
PTS 4 - 6
TRM 12 months
PPP No
CRDT Looks at payment history
RSV 6 months reserve held by lender
Type All kinds of commercial
Docs Needed : P & S
Estimate of Repair
Exit Strategy
Experience
1003
Credit Report
Comps / Appraisal
Loan Program # 2
Territory Phil Area, Newark , to Cape May , NJ , DE, Eastern MA
Amount $70k - $350k
Amount $500 - 600k for South Jersey, Cherry Hill , Marlton
LTV 65% ARV (Up to 90% LTC)
INT 12 - 16%
PTS 6
TRM 6 - 12 months
PPP No
CRDT 660
1 - 4 family residential & Small Commercial
Docs Needed P & S Agreement
Estimate of Repair (Draws if required)
Comps (or appraisal if available)
Purchase Hazard Ins.
Reserves $5,000
Minimum deposit $2,500 into deal
No cash at table. Lender will roll in all loan costs, closing costs, fees
Loan Program # 3
Territory Purch/Rehab CT, DC
CT, MA, RI – 70% of Purchase, 100% of Rehab
All others, 60% of as is or 80% of purchase whatever is lower
Amount $100k - no max
LTV See Above
INT 16%
PTS 4
TRM 6 - 12 months
PPP No
Borrower needs 10 - 15% of the purchase price into project,
plus points and closing costs
Loan Program # 4
Amount $100k - $4M
LTV Up to 90% (Sometimes from ARV)
75% LTC (purchase + rehab) Standard
INT 15 - 18%
PTS 4
TRM 12 - 24 months
PPP No
CRDT 620
Borrower needs experience, deal or two in last year
Needs to show money in bank to pay for down payment and carrying costs
Properties include 1 - 4 unit investor, Mixed Use
New Construction : NY, NJ, CT
Loan Program # 5
Territory OH Only (Commercial Nationwide) & New York City and North NJ
Amount No min and No max
LTV 80% of purchase and 100% of rehab (up to 65% ARV)
INT 15%
PTS 6
TRM 6 months (with 2 ext of 3 pts each)
PPP No
Lender views all properties
No Cleveland
Has Management Company
Commercial Lending
Territory Nationwide
Amount $500k- $50M
LTV 70% of purchase
INT 8 - 14%
PTS 2
TRM 6 - 30 months
PPP No
CRDT 640
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