Purpose

Acquire, renovate, and resell 1–4 unit investment properties.

Structure Overview

• Collateral: non-owner-occupied 1–4 units (condos/townhomes often eligible).
• Leverage (illustrative): up to ~90–95% LTC and/or ~75–80% of ARV; rehab funded via draws; interest-only during the term.
• Term: generally 6–12 months with flexibility for project timelines.
• Draws: staged inspections tied to scope milestones; funds released as work is verified.

Ideal Scenarios

• Cosmetic to heavy value-add with a defined scope and comps-supported ARV.
• Investors targeting 6–12 month turns, including wholetail or “flip to rental” pivots.

What We Evaluate

• Acquisition basis vs. as-is value; rehab scope & budget realism; contingency; exit plan (sale vs. DSCR refi).
• Borrower experience and liquidity to support holding costs and unforeseen delays.