Lendvent » Lending Programs

Lendvent lendingguidlines

Single family 2-4 unit

+5 unit & mixed use

SHORT TERM (6-24 MONTHS)				LONG TERM (24+ MONTHS)
Amount: $50,000 - $10,000,000 Points: 1-2 Net Timing to close: 3-20 Days		Personal Guarantee: Full Min Credit Score: 680 Property Types: SFR, 2-4 Units, Condominiums, Townhomes		Amount: $75,000 - $10,000,000 Min Credit Score: 650 Property Types: 1-4 family only
	STABILIZED BRIDGE	LIGHT REHAB	HEAVY REHAB & GROUND-UP	STABILIZED RENTAL LOAN
LTV	75% Max	90% Max	80% Max	80% Max
LTARV	N/A	75% Max	65% Max	N/A
Min Experience	None	3 Similar Projects	3 Similar Projects	Adequate property management or 3rd party
Purpose	Purchases, Refinance, Cash-out Refinance	Purchases, Refinance, Cash-out Refinance	Purchases, Refinance, Cash-out Refinance	Purchases, Refinance, Cash-out Refinance
Rates	11.5%	11.5%	11.5%	7.5%+
Interest Reserve	None	None	None	-
Min DSCR	-	-	-	11x

SHORT TERM (6-24 MONTHS)				LONG TERM (24+ MONTHS)
Amount: $250,000 - $10,000,000 Points: 1-2 Net Timing to close: 3-20 Days		Personal Guarantee: Full Min Credit Score: 680 Property Types: Multi-Family & Mixed Use		Amount: $1,000,000 - $10,000,000 Min Credit Score: 620 Property Types: Multi Family
	STABILIZED BRIDGE	LIGHT REHAB	HEAVY REHAB & GROUND-UP	STABILIZED RENTAL LOAN
LTV	80% Max	80% Max	75% Max	75% Max
LTARV	N/A	75% Max	65% Max	N/A
Min Experience	None	3 Similar Projects	3 Similar Projects	Adequate property management or 3rd party
Purpose	Purchases, Refinance, Cash-out Refinance	Purchases, Refinance, Cash-out Refinance	Purchases, Refinance, Cash-out Refinance	Purchases, Refinance, Cash-out Refinance
Rates	7.5%+	7.5%+	7.5%+	5.5%+
Interest Reserve	3 Month	3 Month	12 Month	-
Min DSCR	-	-	-	1.00x

OPPORTUNISTIC

Land, industrial, office, non-performing loans, etc. On a case by case basis.

Submit a loan requerest

We deliver a solution to the real estate industry that is not available through traditional banks.

BUILDING IS VACANT

In the current regulatory environment banks are limited to the number of non-performing assets they can have behind their loan portfolios. Each vacant building is a potential FINRA issue.

RENOVATION COMPONENT

Compared to banks, we offer more flexibility and faster funding on renovation draws. That is when banks will even lend on renovation projects.

SPEED TO CLOSE

The fastest banks take 30-60 days to close. Our borrowers are often competing in hyper-competitive markets where speed of close is frequently a deal maker or breaker. Our closing times are typically 7 days but can be as short as 24 hours.

HIGHER LOAN TO VALUE

Our borrowers’ deal generally have a value add component, but banks generally lend only on current value and have maximum LTVs of around 70%. Assuming the loan meets our underwriting standards, we will lend 80-85% of LTV, effectively reducing by half the borrower’s required equity for purchase.

Lending program.