Contact us for information about quickly funding your real estate deals by calling (719) 314-8065

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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

 

   
     
 

2012 Standing Vision, Inc.  All Rights Reserved
4164 Austin Bluffs Parkway, #198, Colorado Springs, CO 80918
Phone: (719) 314-8065  Fax: (719) 593-2075