Loan Program # 1
Territory DC, MD, VA (not Baltimore)
Amount $100k – $5M
LTV True Hard Money (Decisions based on property, not borrower)
Purch/Rehab based on 60% of ARV
Residential Ground Up Construction, up to 50% of completed value
Vacant Land, up to 50% of appraised value
Commercial, up to 50% of as is or ARV
Cash out refinance, up to 50% of appraised value
JV opportunities for land development projects, $1M or more
Borrowers No CRDT
No Tax Returns
No 1003
No Income check
Equity in property only
INT 14%
PTS 4 – 6
TRM 6 month balloon notes, no monthly mortgage payments
12 months with payments or interest reserves
PPP No
Loan Program # 2
Territory CT, DC, DE, MA, MD, NC, NJ, NY, PA, VA, WV,
Amount $250 – $5M
LTV 100% LTC of 65% ARV
INT 13 – 15%
PTS 3 – 5
TRM 12 months
PPP No
Residential Investor Lending: DC, MD, VA
Commercial Lending, all othe states
Loan Program # 3
Territory DC, MD, VA
Amount $50k – $1M ($5M for condo conversion)
LTV 100% LTC of 65% ARV (exceptions to 70%) Won’t do Baltimore Inner City
INT 12%
PTS 4 – 6
TRM 6 – 12 months
PPP No
No monthly payment of 6 month loan
Purchase/Rehab, Land & Construction, Foreclosure Purchase, Short Sale Purchase
No Credit Requirements
Borrower has to have 10 – 15% of loan amount into deal
Borrower pays pts and closing costs, deal 1 and 2 – thereafter rolled into loan
Loan Program # 4
Territory AZ, CO, GA, ID, MD, NC, NB, NM, NV, OR, TX, UT, VA, WA, WV
AMNT $50k – $250K ($350k House)
LTV 100% of purchase to 70% ARV (Only lends on SFR)
INT 15%
PTS 5.5
TRM 6 months (2 months for 2 points)
PPP No
CRDT 620 (under 620 is 18% and 1 point)
EXAMPLE $150,000 ARV
- $20,000 Rehab
= $130,000 Sub Total
x 70% Loan Calculation
$91,000 Loan Amount
+ 5,000 Points
= $96,000 Total Loan Amount
Borrower pays all rehab cost and closing costs
Loan Program # 5
Territory Purch/Rehab CT, DC, MA, MD, NH, NJ, NY, PA, RI
Phil, DC, Baltimore – 100% purchase + rehab (of 65% ARV)
CT, MA, RI – 30% DP, 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
CRDT 640
Borrower needs 10 – 15% of the purchase price into project,
plus points and closing costs
Loan Program # 6
Territory National
Amount $150k (Tri State Area) $250 outside area – No Max
LTV 95% purchase + rehab
INT 11 – 15%
PTS 4
TRM 6 – 36 months
PPP No
Docs Needed: Credit report, 1003, Use of Funds, Exit Strategy, Photos, Comps
Bridge Loans Land (NYC Only)
No JV
Loan Program # 7
Territory DC, DE, MD, OH (middle of state only, Cincinnati, VA
Amount $50k – $2M
LTV 65% ARV
INT 12 – 15%
PTS 3 – 8 (5)
TRM 12 months
PPP No
Will lend up to 65% ARV and will fund 100% of the deal
Docs Required : 1003
Credit Report
Estimate of Repair
P & S Agreement
Comps
Old Appraisal
Photos
Builders Risk Policy
Loan Program # 8
TRTY MD (including Baltimore)
AMNT $15k – $250k
LTV 60 – 65% ARV (100% of 65% ARV)
INT 15%
PTS 5 (minimum $2500)
TRM 6 months (will give 2 extensions of 3 months)
PPP No
RSVS 10% of ARV
If LTV low enough, will fund all = Purch/Rehab/Pts/Cl Costs
Draws: Reimbursement (2 draws)
Purchase and Refinance
Loan Program # 9
Territory DC, South MD, North VA (No Baltimore)
AMNT $50k – $1.5M
LTV 100% LTC of 50% ARV
INT 14%
PTS 4 – 6
TRM 6 – 12 months
PPP No
CRDT No
Income No
Purchase/Rehab, Commercial, New Construction, Land, Condo
Condo Conversion, C/O Refinance
JV, Borrower has land they provide funds
Loan Program # 10
Specializes in Commercial & Residential Purchase / Rehab
Territory Phil & E PA; S NJ; N DE; MD Cecil County (Residential)
Nationwide Commercial
Amount $30k – $10M
LTV 65% ARV (100% of purch/rehab to 60% ARV)
INT 16
PTS 10 ($6,000 min)
TRM 6 – 12
PPP No
CRDT 660
Commercial Bridge, Residential Bridge, Land & Purch / Rehab
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