Real estate Developers/Investors come in all forms; Whether you are building affordable housing or interested in creating a passive income stream, multi-family real estate may be the answer. Rates and terms may change without notice and ‘bankable’, thus we compete with banks to earn your business. We have non-bankable products, as well.

Here are some highlights on just 3 types of our many loan programs offered:

Portfolio Finance
Predominately an asset-based underwriting, we offer recourse and non-recourse blanket mortgages on pools of residential investment properties (SFRs, 2-4 Units, & Multi-Family). We offer 5 and 10 years fixed terms; amortized over 30 years or interest-only; require a minimum of 4-5 properties (depending on the state) and $500K loan size; a minimum per asset value of $50,000 ($40K per unit, if multifamily); and will finance up to 75% LTV (assuming 1.20x DSCR minimum). Currently, rates can range from 5.75-8.50%. From signed
term sheet to close takes, on average, 45 to 60 days. For initial terms, you will complete a (1) loan application and (2) data tape template.

Fix/Flip & Aggregation Credit Lines
Our credit line programs are designed for those looking to “fix and flip” and/or to aggregate pools of rental properties to hold long term. Secured by the assets acquired, lines begin at $1,000,000 and generally have a 12-month investment period. The credit facility can be used to acquire SFRs, condos, and small multi-family properties ($50k minimum value). We will finance the lesser of 70% of market value (LTV) or 80% of acquisition cost (LTC). We will not provide draws for rehab, construction, or (re)development. Currently, rates range from 8-10%, interest-only; with a 2% advance fee. General qualifications include 15-20% liquidity relative to requested line size, minimum FICO of 620, and a comprehensive real estate track record/business plan. From signed term sheet to close takes, on average, 2-4 weeks; funding requests take 7-10 days.
For initial terms, you will complete a (1) loan application and (2) provide real estate investment track record and credit line utilization strategy.

Single Asset Financing
We offer single asset financing; 30 years fixed, fully amortizing mortgages for non-owner occupied rental properties (SFR, Condo, Townhome, or 2-4 Unit); minimum $100k property value; and will finance up to 75% LTV. Currently, rates range from 6.50-8.50%.

Small business advisors are available for potential and existing memebers and provide one-on-one personalized guidance and support. Clients range from prospective entrepreneurs in the exploratory phase seeking to determine the validity of business ideas and feasibility to seasoned pros looking to expand or analyze current business practices.

We assist members & clients with a wide range of activities to meet their needs.