FAQ

What are fix-and-flip loans?

Fix-and-flip loans are short-term loans (6-12 months loan term) used by real estate investors to acquire and rehab a property to then sell for a profit. They are used to cover the purchase price and rehab costs of residential investment properties. These types of loans are issued only on non-owner-occupied properties.

What are ground-up loans?

These types of loans are meant to provide a financing solution to build residential properties. A Ground Up provides financing for builders who need to get a property ready for sale. Loan terms are up to 18 months.

What are multifamily-bridge loans?

These loans are made for small balance residential properties with more than 5 units. We cover up to 80% of the as-is value and 100% of the rehab costs. For refinancing, we cover 75% of the as-is value and 100% of the rehab costs. These loans are meant for starting a new project or giving new life to an old one. These loans have term lengths of up to 24 months (with two 6-month extensions).

What are single-family rental loans?

These are loans that provide funding for rental properties. Rates on them go as low as 3.75% with loan terms up to 30 years. Properties that are covered are single-family homes, rental properties with 1-4 units as well as some townhomes, planned unit developments (PUDs), and warrantable condominiums.

What are rental portfolio loans?

This loan program helps with long-term financing for investors, who are looking to fund between 5 to 20 properties. Loan terms are flexible (5-20 years)

What are multi-family term?

This program is tailored for small balance residential properties with more than 5 units. The minimum loan amount is $500,000. Rates are starting at 6.49%. Loan terms are up to 24 months (with two 6-month extensions).