
FICO Score - 680 min soft credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Your Experience - Fix & flip’s and BRRRR’s (rehab converted to a rental) completed in the last three years count towards experience.
Eligible Properties - Single-family, townhomes, warrantable condos, and 2-4 units (5-10 units considered).
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Capital Draws - Materials, labor, demolition, and customary soft costs reimbursable. Draw request takes 1-3 business days with a virtual inspection.
Borrower Profile - Loans are made to entities. A personal guarantee is customary.
FICO Score - 680 min soft credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Property Condition - Must be in C1-C4 condition with no renovations outstanding.
Eligible Properties - Single-family, townhomes, warrantable condos, and 2-4 units (5-10 units considered).
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Borrower Profile - Loans are made to entities. A personal guarantee is customary.
FICO Score - 700 min soft credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Investing Experience - We require a sponsor to have completed at least 4 new builds. General contracting and complex flip projects may also count toward experience depending on complexity.
Eligible Properties - Single-family, townhomes, ADU’s, and 2-4 units (5-20 units considered)
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Capital Draws - Materials, labor, demolition, and customary soft costs reimbursable. Draw request takes 3-4 business days with a virtual inspection.
Borrower Profile - Loans are made to entities. A personal guarantee is customary.
FICO Score - 700 min soft credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Revenue Verification - Short-term (Airbnb/VRBO) revenue is verified through 12 months operating history and AirDNA market rents.
Property Condition - Appraisal showing C3 condition or better.
Eligible Properties - Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units.
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Borrower Profile - Loans are made to entities. A personal guarantee is customary. Non-recourse is not allowed.
Mortgage Payments - Taxes and insurance are escrowed. Mortgage payments are collected by ACH.
FICO Score - 660 min hard credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Revenue Verification - Long-term rental revenue is verified through a lease agreement.
Property Valuation - Appraisal with market rents.
Eligible Properties - Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units.
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Borrower Profile - Loans are made to entities. A personal guarantee is customary. Non-recourse is not allowed.
Mortgage Payments - Taxes and insurance are escrowed. Mortgage payments are collected by ACH.
FICO Score - 680 min hard credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Revenue Verification - Long-term rental revenue is verified through a lease agreement. Short-term (Airbnb/VRBO) revenue is verified through 12 months of rental income.
Property Valuation - Appraisal with market rents.
Eligible Properties - Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units.
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Borrower Profile - Loans are made to entities. A personal guarantee is customary. Non-recourse is not allowed.
Number of Properties - Minimum portfolio size is 3 properties.
Mortgage Payments - Taxes and insurance are escrowed. Mortgage payments are collected by ACH.
FICO Score - 660 min hard credit assessment (lower FICO scores are considered case by case basis, sponsors and/or co-manager for a project may be required).
Ability to Repay Verification - 12 months of bank statement transactions analyzed to calculate income and determine loan size based on a 50% debt-to-income ratio.
Property Condition - Appraisal showing C4 condition or better
Eligible Properties - Single-family, townhomes, condos (warrantable and non-warrantable), and 2-4 units. Portfolios are not allowed.
Eligible States - Nationwide except ND, NV, SD, VT and WV (the aforementioned projects should reach us here).
Borrower Profile - Loans are made to entities. A personal guarantee is customary. Non-recourse is not allowed.
Mortgage Payments - Taxes and insurance are escrowed. Mortgage payments are collected by ACH.
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