Frequently Asked Questions

Up to 85% on rate-and-term transactions and up to 80% on cash-out refinances. Your exact maximum depends on credit, property type, and the property's cash flow — 5-10-unit and mixed-use properties are priced differently than 1-4-unit homes. You'll see your real number in your quote.

Down to 0.00 — a true no-ratio program, not a 0.75x floor dressed up as one. A property that doesn't cover at today's rents can still be structured and priced; that's exactly the kind of deal that gets declined elsewhere, and it's where we start.

Yes — we can stack up to 3 points on top of the LTV, so closing costs ride on the loan instead of coming out of your pocket at the table.

Long-term rentals qualify on the appraiser's market-rent analysis or your in-place lease — whichever fits the deal. Short-term rentals (Airbnb/VRBO) can be underwritten to short-term rental income under our STR program instead of being forced onto lower long-term market rent.

Between 0 and 6 months of payments depending on the transaction — some deals require none. We'll tell you the exact reserve requirement with your quote so there are no surprises at underwriting.

Only if you choose one. Prepayment penalties are optional on our DSCR loans — selecting one typically improves your rate, while skipping it keeps you free to sell or refinance whenever you want. You pick the structure that matches your hold period.

Yes — these are business-purpose loans and they close in the name of an LLC or corporation. If you don't have an entity set up yet, we'll walk you through it.

Yes. Investor concentration, HOA litigation, condotel operations — the things that make a condo non-warrantable for conventional financing don't stop us. See our dedicated non-warrantable condo and condotel program for details.

10 to 14 days from application to funding is our standard timeline, with the appraisal usually the longest single step. If you're up against a hard money maturity date, tell us the date and we work backwards from it.

Yes — 10 to 14 days from application to funding is our standard timeline, not a rush job. Tell us the maturity date up front and we work backwards from it, ordering the appraisal on day one.

The current appraised value. There's no seasoning requirement on cash-out, so if you bought at a discount or forced value with a rehab, the new appraisal is what your loan is sized on — that's what makes the BRRRR model work.

No. No seasoning on cash-out means exactly that: you don't have to wait six or twelve months after buying or finishing the rehab before refinancing at the new value.

No — vacant properties are accepted. The loan can qualify on the appraiser's market-rent analysis, so you don't need a signed lease before you close.

The DSCR takeout assumes the property is complete and rent-ready. If work remains, talk to us anyway — depending on what's left, we can time the refinance to completion or carry the project with one of our rehab loans first, then take it out.

Yes — the payoff is handled directly with your current lender through title and escrow at closing, the same as any refinance. You don't have to bridge the gap out of pocket.

Warrantable means the building passes the agencies' (Fannie Mae/Freddie Mac) project review: enough owner-occupants, no disqualifying litigation, healthy HOA budget and reserves, limited commercial space, no hotel-style operations. Fail any one test and conventional programs decline the unit — often late in escrow. With us the building doesn't need to pass, so you don't need to know in advance: we review the project as part of the deal.

Pending litigation is one of the most common reasons a condo fails warrantability, and it doesn't automatically stop us. We look at what the case is actually about rather than auto-declining, and price the deal on its merits — bring us the details.

That's investor concentration — the single most common warrantability failure — and it's exactly what this program exists for. A building full of renters doesn't disqualify your unit with us.

Condotels are eligible in every state where our DSCR loans are available. Tell us the state when you apply — or call us at 650-200-2304 — and we'll confirm on the spot.

Yes — that's the whole model. These are DSCR loans: the property's rental income carries the qualification, not your tax returns. For condotels and short-term-rental buildings, our STR program can underwrite to short-term rental income.

No — the full HOA questionnaire can be waived. That removes the slowest, most decline-prone step of a condo loan: waiting on the management company to return a form whose answers get the file auto-declined elsewhere.

10 to 14 days from application to funding is our standard timeline. Condo projects that need extra review are priced and reviewed up front, not discovered in week three.