Bridge-Rehab Mortgage Financing


ugmc Bridge-Rehab Mortgage FinancingTime To Diversify Your Origination Platform With Multiple Revenue Streams Don’t Put All Your Eggs In One Basket!

“No Seasoning On Refinances We Use Appraisal Value”

“No Seasoning Of Funds On A Purchase”

“We Offer Yield Spread/Rebate Pricing”

“We Protect & Pay Our Brokers At Closing”

“We Offer No Lender Fee Pricing Options”

DON’T WANT TO WASTE TIME!

“Send Us A Quick Email On Your Deal & We Will Let You Know If It Fits Into Our Programs”

Stated Income Small Balance Commercial  Loan Program
  • Loan Amounts – $100,000 to $5,000,000
  • Terms/Amortization – 3 year fixed ; up to 30 year am fully amortized
  • Loan to Value – Up To 75 %
  •  Rates –  Starting at 6.85%
  • Credit Score Min 650 for max LTV will accept down to 620 score with LTV adjustment
  • (No foreclosure or BK in last 2 years)
  • No W-2’s, No Tax Returns, No asset Depletion
  • No balloon payment

Property Types:

  • Tier 1  :  5+ Units Apartment buildings, Mixed-Use
  • Tier 2  :  Office, Retail, Warehouse, Self-storage
  • Tier 3  : Industrial, Manufacturing, Auto Repair (no gas)
General Guidelines:
Lending Nationwide
  • CLTV 80% Maximum Case-By-Case
  • 1st time investor & free/clear reduce max LTV by 5-10%
  • Loans are assumable at lenders discretion – 1% cost
  • No W-2’s, No Tax Returns, No asset Depletion
  • Impounds – Required for taxes & Insurance
  • Appraisal Process & cost depends on size and and type of transaction and property
  • Ineligible Locations – Min. 25K population unless within 25 miles of 100K population
  • 1 pt broker rebate add 50bps to rate
  • Rate buydown 1 pt fee = 50bps rate reduction max 1%
  • Debt coverage as low as 1:1 ratio

Private Lending Bridge/Rehab Program

Commercial Property Types:
  • MultiFamily-Apartments, Mixed Use,
  • Warehouse, Plazas, Self Storage. Special Purpose
  • Loan Types – Purchase, Refinance, Bridge-Rehab
  • Loan Amounts – $500,000 to $20,000,000
  • Terms/Rates – 6 to 24 months / Interest only
  • Purchase up to 75%
  • Rehab up to 70% Purchase / 70% Rehab / up to 65% ARV
  • Cash-Out Refinance :  Rehab up to 65% ARV
  • Reserves required on non-income producing properties
  • Credit Score Min 620
  • Serving MSA’s In – NY, NJ, CT, FL, MA, MD, DC, SC, NC, VA, GA
  • Borrower is responsible for all costs
Residential Fix and Flip:
  • “Seasoned Investor Program”
  • Single Family, 2-4 Units, Townhome, Condo
  • Loan Types – Purchase, Refinance, Bridge-Rehab
  • Loan Amounts – $100,000 to $2,000,000
  • Terms/Rates – 12 months / Interest only
  • Rehab up to 80% Purchase / up to 65% Rehab / up to 65% ARV
  • Cash-Out Refinance :  Rehab up to 65% ARV
  • Credit Score Min 650
  • Serving MSA’s In – NY, NJ, CT, FL, MA, MD, DC, SC, NC, VA, GA
  • Borrower is responsible for all costs
*All submissions are reviewed on a case by case basis
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Stated Income Residential Investment Program
  • Loan Amounts – $100,000 – $2,000,000
  • Terms/Amoritization –  3 year fixed : up to 30 year am fully amortized
  • Loan to Value –  Up To 70 %
  • Rates – start at 6.85%
  • Credit Score Min 650 for max LTV will accept down to 620 score with LTV adjustment
  • (No foreclosure or BK in last 2 years)
  • No W-2’s, No Tax Returns, No asset Depletion
  • No balloon payment
  • Will consider loans 75-100k on exception basis
General Guidelines:
Lending Nationwide
  • Excluding AK, IL, MI, ND, SD, TN, VT, NV, AZ, OK, MN, NE, IA
  • Single Family, Townhome, Condo, 2-4 Units Non-Owner Occupied
  • CLTV 80% Maximum Case By Case
  • Max 50% LTV on free and clear properties that have been listed for sale In the past 6 months
  • No W-2’s, No Tax Returns, No asset Depletion
  • Loans are assumable at lenders discretion – 1% cost
  • Impounds required for taxes & Insurance
  • free/clear reduce max LTV by 5-10%
  • Appraisal Process & cost depends on size and type of transaction and property
  • Ineligible Locations – Min. 25K population unless within 25 miles of 100K population
  • 1 pt broker rebate add 50bps to rate
  • Rate buydown 1 pt fee = 50bps rate reduction max 1%
  • Debt coverage as low as 1:1 ratio
  • (single family, condo or townhome borrower must own primary residence and if purchase must be seasoned investor)
*All submissions are reviewed on a case by case basis
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Bank Alternative Commercial Loan Program
  • Loan Amounts – $500,000 to $40,000,000
  • LTV – up to 75% 5+ units apartment buildings, mixed-use, office, retail,
  • strip plaza, self storage, warehouse, student housing
  • Credit Score Min 650 for max LTV will accept down to 600 score with LTV adjustment
  • Rates starting in the low 4’s
  • 3-5-7-10 year terms, 25 year amortization with no balloon payments
  • Notable Program Features:
  • Down payment gifts from family members acceptable
  • Credit issues
  • Foreign nationals
  • Prior foreclosures, short sales, past bankruptcy
  • Low global cash flow ratios
  • Property condition or stabilization issues
  • Step down prepay
  • Rate lock at application
  •  Primary markets
“Exclusive Bank Correspondent Program”
*All submissions are reviewed on a case by case basis

Contact us today for more information at  (800) 805-6945 or email us by clicking here.