Transparency Relationships Accommodate Meaningful
Transparency Relationships Accommodate Meaningful
|
Single Family / 2-4 Family |
First Time Borrower |
Multi-family | Mixed Use | Commercial | Ground Up | |
|---|---|---|---|---|---|---|
|
Base Rate |
10.25% |
11% |
11.5% |
11.5% |
11.5% |
10.5% |
|
Min Loan Amount |
$100,000 |
$100,000 |
$250,000 |
$250,000 |
$250,000 |
$100,000 |
|
Max Loan Amount |
$10,000,000 |
$10,000,000 |
$75,000,000 |
$75,000,000 |
$50,000,000 |
$10,000,000 |
|
Max Refinance LTV |
75% |
70% |
75% |
75% |
65% |
75% |
|
Max Purchase LTV |
90% |
70% |
90% |
75% |
65% |
75% |
|
Max LTC |
90% |
80% |
80% |
80% |
75% |
85% |
|
% of Rehab Financed |
100% |
100% |
100% |
100% |
100% |
100% |
|
ARV |
70% |
65% |
70% |
70% |
65% |
70% |
|
Minimum FICO |
620 |
700 |
680 |
680 |
680 |
680 |
|
Single Family / 2-4 Family |
Multi-family | Mixed Use | Cross-Collateralized | |
|---|---|---|---|---|
|
Base Rate |
7.5% |
8.5% |
8.75% |
7.5% |
|
Min Loan Amount |
$75,000 |
$250,000 |
$250,000 |
$100,000 |
|
Max Loan Amount |
$3,000,000 |
$10,000,000 |
$3,000,000 |
$10,000,000 |
|
Max Purchase LTV |
80% |
75% |
75% |
75% |
|
Refinance / Cashout |
75% |
75% |
70% |
75% |
|
Max LTC |
80% |
75% |
75% |
80% |
|
Minimum FICO |
660 |
680 |
680 |
660 |
|
|
▪ 10-Year Interest Only Period + 20-Year Amortization Term. ▪ 7-Year Interest Only Period + 23-Year Amortization Term ▪ 5-Year Interest Only Period + 25-Year Amortization Term |
|||
|
Single Family / 2-4 Family |
First Time Borrower |
Multi-family | Mixed Use | Commercial | Ground Up | |
|---|---|---|---|---|---|---|
|
Base Rate |
10.25% |
11% |
11.5% |
11.5% |
11.5% |
10.5% |
|
Min Loan Amount |
$100,000 |
$100,000 |
$250,000 |
$250,000 |
$250,000 |
$100,000 |
|
Max Loan Amount |
$10,000,000 |
$10,000,000 |
$75,000,000 |
$75,000,000 |
$50,000,000 |
$10,000,000 |
|
Max Refinance LTV |
75% |
70% |
75% |
75% |
65% |
75% |
|
Max Purchase LTV |
90% |
70% |
90% |
75% |
65% |
75% |
|
Max LTC |
90% |
80% |
80% |
80% |
75% |
85% |
|
% of Rehab Financed |
100% |
100% |
100% |
100% |
100% |
100% |
|
ARV |
70% |
65% |
70% |
70% |
65% |
70% |
|
Minimum FICO |
620 |
700 |
680 |
680 |
680 |
680 |
|
Single Family / 2-4 Family |
Multi-family | Mixed Use | Cross-Collateralized | |
|---|---|---|---|---|
|
Base Rate |
7.5% |
8.5% |
8.75% |
7.5% |
|
Min Loan Amount |
$75,000 |
$250,000 |
$250,000 |
$100,000 |
|
Max Loan Amount |
$3,000,000 |
$10,000,000 |
$3,000,000 |
$10,000,000 |
|
Max Purchase LTV |
80% |
75% |
75% |
75% |
|
Refinance / Cashout |
75% |
75% |
70% |
75% |
|
Max LTC |
80% |
75% |
75% |
80% |
|
Minimum FICO |
660 |
680 |
680 |
660 |
|
|
▪ 10-Year Interest Only Period + 20-Year Amortization Term. ▪ 7-Year Interest Only Period + 23-Year Amortization Term ▪ 5-Year Interest Only Period + 25-Year Amortization Term |
|||
Our simple 15 second online application can get you matched with offers in minutes.
Bad credit? No problem! Most of our top financing options have no minimum FICO.
Get matched with the best financing options with the highest funding amount.
Our FinTech Speed can get you in and out of Underwriting in just a few hours, and same day funding!
Time is money in the real estate business. Unlike traditional loans that can take weeks or even months, private money loans can be processed and funded within a few days or a couple weeks.
Private money loans don’t need you to have good credit, the property that is going to be backing the loan is the only thing that will be looked at to make sure it qualifies.
People with money sitting in low paying CD’s and other investments are looking for better opportunities for their money which is where you come in with your real estate flip. It’s a win-win for both sides.
Banks stay away from loaning money for fix and flip projects but private investors love this kind of opportunity. This is why they are able to provide creative funding solutions.
Traditional loans are bound by strictly-enforced guidelines. Private money lenders understand this business better and are more willing to work with you to create a loan that works for your project.
© 2024 TRAM Funding. All Rights Reserved.