New Construction Line of Credit
Recourse & Non-Recourse options
LOC / Loan amounts $250,000-$10,000,000
Minimum Experience 2+ Flips or builds within the last 2 years.
Max LTV 70% Max LTC 95%
Credit 620 Plus (620-659 reduced LTV/LTC)
Net Worth Required 30% of LOC
Minimum Liquidity 20% of LOC
Non-Refundable Line of Credit Application Fee $1500 (credited back on first funding)
Rate 10%=13% based on complete borrower profile | Points 2-5% based on complete borrower profile.
Items needed to apply
Liquidity Verification | Proof of all flip transactions, or builds within the past 24 months | Personal Financial Statement | Most recent Personal and Business Federal Tax Returns| Entity Documents (If Applicable) | Borrower Identification
Call 720-309-3014 For more information on Line of Credit