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2005 East Griffin Parkway 283, Mission, TX 78572, US

Real Estate Investor

Bridge Loans

Fix & Flip

residential (1 - 4 Units)
$50,000 - $5,000,000
90% of purchase and
100% of rehab costs
70% Max ARV
12 months, up to 18 at lender DISCRETION

Ground UP

Residential (1 - 4 units)
$50,000 - $5,000,000
Up to 75% of the lower
land value or purchase
price/60% if unpermitted plus 100% of construction
Max 80% of total project costs. Max ARV 70%
12 Months, up to 18 months at lender discretion
Full Recourse

Small Balance
Multi-Family

Residential (5+ Units)
$500,000 - $5,000,000
INTEREST only|Fixed/Adjustable rate mortgage options
purchase loans: 75% of purchases/As-is value + 100% of rehaB COSTS
rEFINANCE LOANS: 65% OD aS-IS VALUE +100% OF REHAB COSTS
cASHOUT rEFINANCE: sUBJECT TO % ABOVE + 100% OF REHAB: NOT TO EXCEED 75% OF pp AND 100% OF RENOVATION.
pURCHASE/RATE -TERM REFINANCE 70%
CASHOUT REFINACE 65%
uP TO 24 MONTHS + TWO 6-MONTH EXTENSIONS
lOAN < 2mm: fULL rECOURSE
lOANS > 2MM FULL RECOURSE OR
LIMITED RECOURSE WITH BAD-BOY CARVEOUTS
COKMPLETION GUARANTY/RESERVE REPLENISHMENT GUARANTY WHEN APPLICABLE
MID SCORE OF 680

NO DSCR

To provide bridge financing on a property that was recently renovated and is currently soon to be listed for sale

min: $75,000
Max: $1,000,000 / larger loan allowed at lender discretion
12 months, up to 18 at lender discretion
single family/2-4 unit/ townhomes/pud/warrantable condos
85% of purchase price+verified completed capex if property owned <6 months
700 FICO
70% if property owned> 6months
660 - 699 FICO
65% if property owned >6 MONTHS
Property condition c2 or better
min fico: 660
collater restrictions: property value within 90th percentaile of market. o rural, exotic, or unique properties.

DSCR EXIT

To provide bridge financing on a property that is currently rented and to be rented out

Min: $75,000

max: $1,000,000 for SFR, $2,000,000 for 2-4 unit/ larger loan allowed at lender discretion

12 months, up to 18 at lender discretion

single family/2-4 unit/townhomes/pud/ warrantable condos

85% of purchase price+ verified completed capex if property owned <6 months

70% Ltv

1.10 exit dscr based on lower of in place rent and market rent

c4 or better with no deferred maintenance

min fico: 660

no rural, exotic, or unique properties

Rental Term Loans

SINGLE FAMILY RENTALS

SINGLE FAMILY/2-4 UNITS/TOWNHOMES/PUD WARRANTABLE CONDOS

LOAN TYPES: 30 -YEAR FIXED RATE MORTGAGE (FULLY AMORTIZING)
5/6,7/6,10/6 HYBRID ARMS (PARTIAL IO OF FULLY AMORITIZING
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO: pURCHASE/RATE-TERM REFINANCE: 80%
cASH OUT rEFINANCE: 75%
mINIMUM DEBT SERVICE COVERATE RATIO (GROSS RENT/PITIA): 1.10X
TERM LENGTH: 30 YEARS
RECOURSE: FULL RECOURSE ONLY
MINIMUM GUARANTOR FICO: MID SCORE OF 660
lEASE REQUIREMENTS: LEASED UNITS: LOWER OF (I) iN-PLACE RENT & (II)MARKET RENT
UNLEASED UNITS: 90% OF MARKET RENT (PURCHASE LOANS ONLY)

rental portfolio

SINGLE FAMILY/2-4 UNITS/TOWNHOMES/PUD WARRANTABLE CONDOS

loan amount: $75,000 - $2,500,000
loan types: 30-yeAR FIXED RATE MORTGAGE(FULLY AMORTIZING) 5/6, 7/6, 10/16 HYBRID ARMS (PARTIAL IO OR FULLY AMORITIZING)
MAXIMUM LOAN TO COST : IF OWNERD < 3 MONTHS, 80% OF TOTAL COAST BASIS
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO) PURCHASE/RATE-TERM REFINANCE: 80% cASHOUT REFINANCE: 75%
MINIMUM DEBT SERVICE COVERAGE RATIO (GROSS RENT/PITIA) 1.10X
TERM LENGTH: 30 YEARS
RECOURSE: FULL RECPOURSE ONLY
MINIMUM GUARANTOR FICO: MID-SCORE 660
LEASE REQUIREMENTS: LEASED UNITS: LOWER OF (I) iN-PLACE RENT 9II) MARKET RENT
UNLEASED UNITS: 90% OF MARKET RENT (PURCHASE LOANS ONLY)

mULTIFAMILY TERM

PROPERTY TYPES: 5 - 8 UNIT RESIDENTIAL PROPERTIES

lOAN aMOUNT: $250,000 - $3,000,000
LOAN TYPES: 30 -YEAR FIXED RATE MORTGAGE, OR 5/6, 7/6,10/6,HYBRID ARMS (P[ARIAL IO OR FULLY AMORTITIZING)
MAXIMUM LOAN TO COST: IF OWNED <3 MONTHS, 70% OF TOTAL COST BASIS IF OWNED BETWEEN 3 -6 MONTHS, ADDITIONAL 5% HAIRCUT ON MAX ELIGIBLE LTV
MAXIMUM LOAN AS -IS VALUE (SUBJECT TO MINIMUM FICO): pURCHASE RATE/RATE-TERM REFINANCE : 70%, cASHOUT rEFINANCE: 70%
mINIMUM DEBT SERVICE COVERAGE RATIO (NET CASH FLOW/DEBT SERVICE) 1.20 - 1.40X Based on subject market classifaction (top, standard, small, very small)
Term Length: 30 Years
recourse: full recourse3 or non recourse with bad boy carveouts and pledge of equirty.
minimum guarantoor fico: mid scxore of 680
Lease requitements: minimum occupency rate of 90% by unit cout
Leased Units: Lower of (i) In-Place Rent & (ii) market rent
Unleased uitsw; 90

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