My New Blog

We have been getting a lot of calls about getting prequalified for rehab loans.  Considering each loan is manually underwriten and is "primarily" based on overall equity within the subject property, it is really impossible to say we would do a loan for a company that does not have a property in mind.  If someone brings a project to us and the company/Guarantor has great credit some assets but a project with not enough equity, we most likely would not do the loan. However, if that same company/guarantor had enough assets to cover the difference between what the project appraised for and our required after-repair value (ARV); 65 LTV in most cases, we might fund the project.

Long story short, check out our typical commercial hard money guidlines by clicking the link on our main page and have a property in mind when you call otherwise, the only thing we will be able to give you is "our typical guidlines"