REI Programs
Programs Overview
Acquisition I Refinance I Rehab I Construction
Purpose
Acquisition, Refinance
Cash Out, Rehab
Construction
Loan Size
$250k - $3.5MM Resi
$500k - $10MM Multi Family & Mixed Use
Term
12, 18, 24 mo Bridge
5, 7, 10, 30 yrs Fixed
Collateral
Residential, Mixed Use MultiFamily (5- 10 units DSCR/ 5-50 units Bridge), Portfolios
Service Area
Nationwide except MN, ND, OR, VT, UT, NV, AZ, ID, LA
Prepayment
0 Bridge
3 - 5 yrs Term Loans
Rates
Flexible Pricing
Quoted Daily
Fixed & Interest Only
Closing Time
10 - 15 business days
Mid FICO
640 Rehab
660 Rentals or Bridge
680 Construction
Experience
Rentals 0
Rehabs 0 - 2
Construction 3 - 5
Within last 3 yrs
Amortization
Fully Amortizing &
Interest Only Bridge
LTV/LTC
80% Purchase & Refi
75% Cash Out
85% - 90% FNF & GUC
100% Rehab Funds