PROPERTY TYPES

Residential Income:

Single Family Residential, Condos, TICs, or Multifamily 2-4
(Non Owner-Occupied)

Commercial: 

Multifamily 5+, Mixed-Use, Urban Retail, Office/Office Condo (Medical, etc.), or Warehouse/Light Industrial

 

Loan Amount

$100,000 to $2,750,000

Geography

Northern CA preferred, other CA locations possible

 

Interest Rate

Starting at 6.95%, generally fixed for the first 12 to 24 months (then variable thereafter)

Term

6 to 60 months, Interest-Only (30-yr. amortization required for residential income properties)

 

Loan Origination

1.00 to 2.00 points

Doc/Proc/Underwriting Fees

From $995 

 

LTV - Purchase

Up to 75% on Residential Income Property and 70% on Commercial Property

LTV- Cash Out

Up to 70% on Residential Income Property and 65% on Commercial Property

 

Loan-to-Cost

Up to 75% on Purchase Price + Improvement Costs

Prepay

NONE, but 3-6 mo. min. interest guarantee required

 

Loan Position

1st preferable, 2nds considered w/ max 65% CLTV

Timing

Closings in as few as 3-5 business days