REFINANCING

FAQs

LOAN
TERMS

Standard Loan Terms

Max Loan Amount: $9,000,000
Max ARV: 85%
Rate: Starting at 9%
Term of loan: 12-36 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None

Property Types

Condominiums
Single-family residences
Two to four units
Multifamily homes
Townhouses
Condo-Hotels
Commercial Building Sites:
- Office Building
- Stand-Alone Retail / Service

Standard Closing Time

The usual time to close is 5-20 days.

Standard Closing Costs

Points: 1-4%
Underwriting Fee: None
Legal: $750 – $1,500
Appraisal Fee: None
Title Insurance and recording fees: None
Security is required either in the form of additional cash or asset to be held against the loan origination and or loan term.

Standard Requirements

*Credit Application: None
Review of exit strategy
Copy of ID and Borrowing Entity docs
Purchase Contract (If Purchase)
Property Insurance (if applicable)
All owners / partners will be required to sign the refinance engagement contract before closing.

*Some loans will be determined by applicant credit dependent on type of refinance / request and location. Minimum credit score 640

Our team is dedicated to finding the right-fit loan for your project and your personal financial goal for the project. If you are not sure REFINANCING is for you drop us a line and we will have one of our experts get back to you to discuss further.

NO FEES UNTIL CLOSING

NO PREPAYMENT PENALTIES

NO APPRAISAL

FEES

This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms, and conditions subject to change without notice. Certain restrictions may apply. All approvals subject to underwriting guidelines. Not all applicants will qualify.