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Residential Programs & Guidelines - Alternative Lending Branch

Our sole purpose is to fund loans. More specifically, we exist to fill the gap where lending restraints have left many qualified applicants without access to funding. Our custom oriented underwriting approach allows us to not focus on the borrower but rather on the asset itself in order to provide an innovative financing structure that meets their needs. We get the job done in days! Nationwide Programs.

Eligible Property Types

 

• Single Family Residence
• Duplex
• Triplex
• Four Plex

• Mobile Home With Foundation
• Modular/Manufactured Home With Foundation

• Town House
• Condo High Rise
• Condo

• Ranch Property

• Farm Property

• Residential on Large Acreage (Any Size)

• Agricultural Property

• Co-op TIC

• Dome House

• Historic Property

• Log Home

• Cabin Home

• Multiple Homes Same Lot

• Non-permitted Structure
• Live Work Property

 

Eligible Types of Borrower

• Non Owner Occupied, Second HomeInvestment, Owner Business Purpose
• Sole Proprietorship, LLC or Corporation
• Foreign Nationals
• Visa, Green Card, or None
• Borrowers in Bankruptcy

• Borrowers in Foreclosure or Bailouts
• Owned by Sole Proprietorship, LLC or Corporation
• Borrowers in Probate/Trust

• Trust, Living Trust, Non Revoke

• Attorney in Fact

Eligible Types of Loans

• Owner Business Purpose, Non Owner Occupied, Second Home or Investment
• Purchase Money
• Refinance
• Cash out (No Cap)
• Property Listed for Sale
• Foreclosure/Bankruptcy Bailouts
• Mezzanine Debt/2nd- Purchase
• Properties in Probate/Trust

• Mezzanine Debt/2nd- Refinance/Cash Out
• Purchase Plus Construction

• Purchase Plus Rehab
• Refinance Cash Out Plus Construction
• Refinance Cash Out Plus Rehab

Alt-A Stated Program - Asset Based Loan

  

• Loan to Value (LTV) up to 70% (75-80% ltv case-by-case)

• Loan Amount $50,000 - $5,000,000
• Loan Term: 1, 2, 3, 5, and 7 years (10 or 15 yr case-by-case)

• Interest Only or Amortized Over 30 or 40 Years
• Interest Rates: 8.5% to 11.99% Risk Base Pricing, Interest Only Option
• No Prepay Penalties - first 6 months only
• Cross Collateralize for Maximum Loan Amounts
• Not Fico Based, Bad Fico or No Fico OK
• All House Conditions Allowed
• All Locations Allowed
• Vacant OK
• No Upfront Fees Ever!
• Low Pricing Available/Risk-Based Pricing

• Stated Income/Siva/No Doc
• After Repair Value Allowed/Future Value OK/No Reserves Needed
• No title seasoning/Next Day Value Ok/Non Recourse Option

• BK Chapter 7,11,13 OK/Debtor in Possession Program

• No Net Worth or Liquidity Requirements

• No Appraisal Needed Program

• Fastest Close Time 7 Days

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Jumbo Res Program - Asset Based Loan

  

• Loan to Value Max up to 70%

• Loan Amount $275,000 - $15,000,000
• Loan Term: 1, 2 or 3

• Interest Only or Amortized Over 30 or 40 Years
• Interest Rates: 9.99% to 11.99% Risk Base Pricing, Interest Only Option
• No Prepay Penalties - first 6 months only
• Cross Collateralize for Maximum Loan Amounts
• Not Fico Based, Bad Fico or No Fico OK
• All House Conditions Allowed
• All Locations Allowed
• Vacant OK
• No Upfront Fees Ever!
• Low Pricing Available/Risk-Based Pricing

• Stated Income/Siva/No Doc
• No title seasoning/Next Day Value Ok/Non Recourse Option

• No Net Worth or Liquidity Requirements

• No Appraisal Needed Program

• Fastest Close Time 10 Days

 

Flip Construction C - Asset Based Loan 

 

• LTV up to 65% After Repair Value or After Construction Completion Value
• Loan Term: 6 months or 1 Year

• Interest Only Option

• Interest Rates: 10.99% to 12.99% Risk Based
• No Pre-Payment Penalty
• Cross Collateralize for Maximum Loan Amounts

• All Programs: Flip 1,2 or 3 Focus On The Property Strength

• Program Flip-1: Area A  65% Max Ltv ARV Purchase, 65% Max Ltv ARV Refinance ( Area A example: San Francisco, Santa Monica etc.)

• Program Flip-2: Area B  60% Max Ltv ARV Purchase, 55% Max Ltv ARV Refinance ( Area B example: Oakland, Los Angeles City etc.) 

• Program Flip-3: Area C  55% Max Ltv ARV Purchase, 50% Max Ltv ARV Refinance ( Area C example: Rural, Urban, Other etc.)
• Budget must be validated
• No Doc, Stated Program
• No Upfront Fees Ever!
• Not Fico Based

• Appraisals Need To Be Approved, Desk or Field Review Needed
• Light Reserves Needed
• No Title Seasoning Needed

• No BK or Foreclosures 2 Years

• Light Liquidity Requirements

• Fastest Close Loan 10-12 Days