Asset Based Loans on Business Purpose Real Estate
- Loan Amounts: $25,000 to $500,000
- Origination Fees: 1 to 3 points with a minimum of $2,000
- Serving Location: State of California Only
- Purpose: Business or Investment Purpose Only
- Types: SFR, Multifamily, SFR Additions, Fix & Flip, Light Commercial & Retail, Land.
- Fix Loan Term: 6 months to 18 months
- Rates: from 10% up to 15%
- Loan to Value: 65% without exceptions, higher available
- Loan to Cost: Up to 80% with hold back for exceptions
- No minimum credit score. Low FICO credit score okay
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What We Finance
We originate and acquire loans with initial balances from $25,000 to $250,000 secured by first and second mortgage liens on income-producing and/or owner/user commercial properties that include:
Single Family Residence Rental
Non-owner occupied residential rental properties with 1-4 units.
Traditional apartment buildings, condominiums and other residential properties with 5+ units.
Single Family Residence Additions For Non Owner Occupied Uses.
Commercial properties occupied by professional or business offices.
Short-term loans for acquiring and improving commercial land.