Maryland Purchase And Rehab Lending

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 other 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