A real estate project does not always fit a traditional bank’s lending requirements. An investor may need financing for a renovation, a developer may be ready to break ground, or a property owner may need to resolve a time-sensitive financing issue. We help borrowers and brokers explore private money programs for these situations. The program options below cover projects from one-unit properties to larger multifamily and mixed-use buildings.
Fix-and-flip loans
For investors purchasing and renovating one- to four-unit properties, condos, or townhouses, this program offers a 12-month term, financing of up to 90% of the purchase price plus 100% of eligible rehab costs, and loan amounts starting at $250,000. The stated minimum credit score is 620, and prior experience is not required.
Value-add bridge loans
A value-add bridge loan can provide short-term financing for a five- to 24-unit or mixed-use property that needs improvements before it reaches its intended use or occupancy. This program offers a 12-month term, loan amounts starting at $350,000, and financing up to 75% LTV or LTC. A minimum 650 credit score and investment experience are required.
Stabilized bridge loans
For properties that need short-term financing without a major renovation plan, stabilized bridge financing is available for one- to four-unit properties, five- to 24-unit properties, and mixed-use buildings. The program offers a 12-month term, loan amounts starting at $250,000, and up to 75% LTV. The stated minimum credit score is 650; experience requirements depend on the property type.
New construction loans
Developers planning residential construction can explore financing for one- to four-unit projects, townhomes, planned unit developments, and condo developments of up to 24 units. This program offers 12- to 18-month terms, loan amounts starting at $500,000, and up to 90% loan-to-cost. It requires a minimum credit score of 650 and prior development experience.
Rental DSCR loans
A DSCR loan focuses on the rental property’s cash flow rather than the borrower’s personal income documentation. The program covers eligible one- to 10-unit properties, with loan amounts starting at $150,000, up to 80% LTV, and a 30-year fixed-rate term. The stated minimum credit score is 660, and prior investment experience is not required. Prepayment penalty options may apply.
Rescue and bailout financing
When an existing loan or property situation needs prompt attention, rescue financing may offer another path to review. This 12-month program starts at $350,000 and allows up to 60% of the property’s as-is value. Eligible properties include one- to four-unit homes, five- to 50-unit buildings, condos, and townhouses. The program does not state a minimum credit score or experience requirement.
Find the right financing for the property
These programs have different limits for property type, credit, experience, and leverage. Share the property address, purchase price or estimated value, requested loan amount, project budget, and your timeline with us . We can analyze which private money options may fit your transaction.
