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 75% 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 - $3.5MM
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
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