Hard Money
Short-term financing to buy and renovate properties with up to 10 units. We support experienced and new investors with competitive terms and pricing.
Lending Criteria
0-3 COMPLETED PROJECTS | 4-14 COMPLETED PROJECTS | 15+ COMPLETED PROJECTS | |
|---|---|---|---|
LOAN AMOUNT* | $100,000 to $1.5 Million | $100,000 to $1.5 Million | $100,000 to $1.5 Million |
PAYMENT TYPE | Interest-only | Interest-only | Interest-only |
LOAN TERM | 6, 12 or 18-months | 6, 12 or 18-months | 6, 12 or 18-months |
LOAN TO COST | Up to 85% | Up to 90% | Up to 92.5% |
LOAN TO ARV | Up to 70% | Up to 70% | Up to 70% |
CLOSING TIMELINE | 5-10 business days | 5-10 business days | 5-10 business days |
Additional Guidelines
FICO | 680 min soft credit assessment |
|---|---|
EXPERIENCE | Fix & flip’s and BRRRR’s (rehab converted to a rental) completed in the last three years count towards experience |
ELIGIBLE PROPERTIES | Single-family, townhomes, warrantable condos, and 2-4 units (5-10 units considered) |
ELIGIBLE STATES | Nationwide except ND, NV, SD, VT and WV |
DRAWS | Materials, labor, demolition, and customary soft costs reimbursable. Draw request takes 1-3 business days with a virtual inspection |
BORROWER | Loans are made to entities. A personal guarantee is customary. |
*Loan amounts outside of this range considered. 100% financing of the rehab. No interest on undrawn funds. |
Mortgages are offered in partnership with Vontive, NMLS ID 1716495 (“Lender”). This is not a commitment to extend mortgage credit. Mortgage products, programs, eligibility criteria, pricing, and terms are subject to change without notice and at the sole discretion of the lender. All data and information is provided “as is” for informational purposes, may not be accurate, and may be subject to change without notice. Unless otherwise communicated in writing, all data and information Lender provides is “as is” without any warranty whatsoever. Additional disclosures and information, including state licensing of Lender, is available at www.vontive.com.
Contact Us Today
Arrange a consultation with us today to delve into your real estate transaction. Discover how we can guide you seamlessly to the closing table.
Opportunity Enterprises: Guiding Your Real Estate Deals to a Seamless Closing.
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4480H S. Cobb Dr. STE475, Smyrna, GA 30080