Our projects are evaluated on a case-by-case basis and in addition to the criteria below.
Our current guidelines for a debt purchase or refinance investments are:
Minimum loan amount of $50,000
Minimum down payment of 10% on acquisition of property with ARV (After Renovated Value) less than 65%
Loan duration between 1-12 months with 6-month extensions available
We will finance 100% of construction costs
No Pre-Payment Penalties
We also ask for personal guarantees.
Some of the guidelines listed above are negotiable, depending upon the strength of the project. If a property can be purchased significantly below its market value or if the Developer offers additional security components, we may consider a higher LTV or ARV.