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Lending
Criteria Property
Considerations
- Primarily 1 to 4 unit residential
rehab and resale properties
- Must be non-owner occupied
- Focus primarily in Colorado, but may
be able to work in other states through our colleagues
- Properties must be in active,
desirable neighborhoods
Borrower Considerations
- Must be or use highly qualified,
experienced contractor(s)
- Portfolio of successful projects
highly desirable
- Borrower credit score will be
evaluated, but is not key decision criteria
Loan Parameters Charged to Project
- 3 to 9 month terms
- Interest reserve built in for the term
of the loan
- Generally 4 to 6 points
- No prepayment penalty
- Up to 65% loan-to-after-repair-value (ARV)
(*may be able to go to 70% based on deal)
- Can fund purchase and rehab with
adequate collateral
- Possibly fund interest escrow, points
and closing costs as well with adequate collateral and the ability to
show skin-in-the-game by both parties
Other considerations
- Once we receive a completed questionnaire, we can provide decision within 24-48 hours
- We can fund in as little as two weeks,
sometimes faster
- Our team includes licensed Broker,
Real Estate, Title/Escrow Agents and Attorneys
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©2012
Standing Vision, Inc. All Rights Reserved
4164 Austin Bluffs Parkway, #198, Colorado Springs, CO 80918
Phone: (719) 314-8065 Fax: (719) 593-2075 |
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