• Loan amounts from $250,000 to $25 million and higher in some cases
• LTV up to 90% depending on property type and credit
• Up to 30 year terms / amortizations
• Fixed or variable rates
• Limited or non-recourse with standard carve outs for stronger borrowers
• Business and personal tax returns required for full underwriting
• Funds available for purchase and refinance including cash out
  
  

504 Program

• Loan amounts up to $10 million
• Loan to Cost (LTC) up to 90%
• Up to 30 year term on 1st mortgage and up to 20 year term on 2nd mortgage with no balloons
• First mortgage interest rate can be fixed or variable; 2nd mortgage is fully fixed for up to 20 years
• Requires 51% owner occupancy for existing buildings and 60% for construction projects
• Funds available for purchase and refinance under certain circumstances
  
  

7(a) Program

• Loan amounts up to $2 million
• LTV up to 90%
• Up to 25 year term / amortization for real estate loans with no balloons
• Typically variable interest rates based on Prime
• Personal guarantee(s) required of all principals with 20% or more ownership in the borrowing entity and/or real estate holding company
• Requires 51% owner occupancy
• Funds available for purchase and refinance
  
  

Stated Income Program

• Loan amounts from $250,000 to $2 million
• Up to 90% LTV for purchase; 60% for refinance; and 50% for cash out refinance
• No personal or business tax returns required
• Streamlined application process with minimum documentation
• 650 minimum FICO score required
  
  

Hard Money / Bridge Program

• Loan amounts from $500,000 to $25 million and higher on a case by case basis
• Up to 75% LTV depending on collateral type
• Typically shorter term loans of 1-3 years
• No personal or business tax returns required
• Loan closing in 7-10 days