LOAN PROGRAMS

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SBA EXPRESS LOAN FOR BUSINESS

At least three years in business.
Personal credit score above 685.
Term: 10 years
Rate: 2.75% + Prime
No prepayment penalty
30-day close
Loan Amount: 25k-150k 

COLLATERAL: Only business assets will be considered.
Commercial real-estate (no appraisal required).
USE OF FUNDS: Working capital, Equipment, Debt refinance for term loans or lines of credit.
DCR of 1.15
Funding typically takes 2-4 weeks.

Commercial Value Adds, Purchase, Refinance.
1-4 Unit Residential Purchase and Cash Out.
The cash proceeds can be used to renovate the property or towards a business purpose use.
Term: 12-36 months but can be longer on a case-by-case basis.
Interest-only payments.
Rates: 7% - 12%, but vary widely based on property type, use, location and LTV.
LTV: 60% - 65%
Speed – Streamlined Process 

Faster than traditional loans 

Flexible temporary financing solutions Less focused on credit history 

Minimal documentation and asset verification.

• Purpose: Working capital, refinance, business acquisition, R/E purchase/construction, purchase equipment or inventory
• Loan Amounts: $350,001 to $5,000,000
• Collateral: Commercial R/E, inventory, FF&E (furniture, fixtures, and equipment)
• Term: Varies, up to 25 years
• Rate: Fixed or variable rate
• Eligibility: Owner-operated and for-profit
• LTV: Varies, up to 90%

SBA loans offer lower down payments and flexible collateral requirements.

We offer flexible working capital lines of credit supported by your accounts receivable and inventory to ease the cash flow burden associated with these assets.
Purpose: Working capital for A/R (Accounts Receivable) and inventory, refinance existing credit line or high cost factoring line.
Loan Amounts: $250,000 to $5,000,000
Collateral: Accounts receivable and inventory.
Term: 12 months to 10 years
Rate: Variable rate.  

Eligibility: Must have commercial A/R
LTV: Up to 80% A/R Up to 50% Inventory PO's 100% of COGS

Interest Only Payments

6 months - 2 year Terms

Loans from $100K to $10 million
We finance 100% of the construction budget w/ 15% - 35% down on purchase (based on credit, experience and current conditions).
Closing in as fast as 5 to 10 Days.
Loans are available to borrowers with excellent to less than perfect credit.

Flexible draw schedules
Fast prequalification!

Benefits of Fix & Flip Strategy:
Generates Cash
Flipping is short term venture
Works in any market
Can be done part time
Doesn’t require a lot of your own money

• No personal income used to qualify
• Qualification based on property cash flow
• 2 years seasoning for foreclosure, short sale, BK, DIL
• Credit scores down to 660
• Rates starting in the low 6’s
• Up to 75% LTV
• No DTI restrictions
• 1% DCR
• Must have current mortgage
• 1-4 units and condos

Great for business owners and self employed!

 We say "YES" to Self Employed Borrowers and "NO" to Tax Returns

• No tax returns! W-2s or 1099
• Loans up to $10 Million
• 3 to 24 months bank statements
• Up to 90% LTV
• Up to 55% DTI
• Requires 2 years in business

Ground up Construction for Spec Homes  and Commercial Real Estate

• Fixed for construction term of 12 months
  
• Lesser of 80% loan-to-cost or 75% loan-to-value
  
• Loans up to $10,000,000
  
• Flexible Spec loan-to-values: 80% to $3M 70% to $3.5M 65% to $5M above $5M, case by case
  

*700+ Credit Score required*

No social security or residency required

The Foreign National Loan Program is for customers that have a primary residence outside of the U.S. but travel legally to the U.S. for work or pleasure.

Program is only offered for second home and/or investment loans