LOAN TERMS FOR 1-4 UNIT RESIDENTIAL PROPERTIES Loan Amount: From $30,000 up to $1,000,000 (higher with exception) Property Type: All (except hospitality) Occupancy: Non-owner occupied (with exception) Term: 6 – 24 months Interest Rate: 9.99 – 13.99% Payments: 40-year amortization Points: 2 to 6.5 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 LOAN TERMS FOR LAND LOANS Loan Amount: From $50,000 up to $500,000 (higher with exception) Property Type: Residential improved lots and entitled commercial lots Term: 6 – 24 months Interest Rate: Starting at 11.99% Payments: Interest Only or 40 year amortization Points: Starting at 3 points Loan to Value: Up to 60% LTV FICO: No minimum FICO score Lien Position: 1st position only Location: City of Los Angeles only Closings: As fast as 10-14 days
LOAN TERMS FOR LAND LOANS Loan Amount: From $50,000 up to $500,000 (higher with exception) Property Type: Residential improved lots and entitled commercial lots Term: 6 – 24 months Interest Rate: Starting at 11.99% Payments: Interest Only or 40 year amortization Points: Starting at 3 points Loan to Value: Up to 60% LTV FICO: No minimum FICO score Lien Position: 1st position only Location: City of Los Angeles only Closings: As fast as 10-14 days
