Term | 12 months standard 18 month option case-by-case |
Rehab/Construction Financing | Up to 100% of rehab budget |
Maximum LTC (% of purchase price) | Up to 90% LTC |
Maximum Loan-To-Value (LTV) | Up to 70% ARLTV |
When Do We Use LTV vs. LTC? | Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget) |
Recourse | Full Recourse Only |
Loan Amount | $50K - $3MM |
Loan Purpose | Rehab loan for non-owner occupied residential investment property |
Borrower Type | Entity required |
Property Types | Non-owner occupied: Attached or detached SFR 2-4 unit properties Townhomes Warrantable condos |
Foreign Nationals | Not allowed from ineligible country list |
Minimum Experience | NO prior experience required |