LOAN TERMS FOR 1-4 UNIT RESIDENTIAL ”REHAB AND FLIP” PROPERTIES
View our Rate Sheet here for our Standard Loan Program and our “Rehab and Flip” Loan Program
|
Loan Amount:
|
From $30,000 up to $1,000,000 (higher with exception)
|
|
|
Property Type:
|
1-4 Unit Residential
|
|
|
Occupancy:
|
Non-owner occupied
|
|
|
Term:
|
6 – 24 months
|
|
|
Interest Rate:
|
Starting at 9.99%
|
|
|
Payments:
|
40-year amortization
|
|
|
Points:
|
Starting at 2.5 points
|
|
|
Loan to Value:
|
Up to 60% LTV
|
|
|
FICO:
|
No minimum FICO score
|
|
|
Lien Position:
|
1st position only
|
|
|
Location:
|
Southern California Only
|
|
|
Commitment:
|
As fast as 24 hours
|
|
|
Funding:
|
As few as 7 days
|