- Ryan Bogomonly
Head of Sales
- Boris Grinberg
CEO
Construction Loan | |
Property Types | 2-4 Units, Condo, Land Entitled, Mixed use, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $300,000 |
Loan amount Maximum | $15,000,000 |
Interest Rate Minimum | 9% |
Interest Rate Maximum | 11% |
Terms | 2 year |
Typical Days Required to Fund | 11-15 Business days |
Credit Score Min | 650 |
Fees | Credit Report |
Updated as of | 2022-01-01 |
Long Term Rental Loan | |
Property Types | 2-4 Units, Condo, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $3,500,000 |
Interest Rate Minimum | 8.25% |
Interest Rate Maximum | 11% |
Terms | 30 year |
Typical Days Required to Fund | 31-40 Business days |
Credit Score Min | 640 |
Updated as of | 2022-01-01 |
Bridge Loan | |
Property Types | 2-4 Units, Condo, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $300,000 |
Loan amount Maximum | $15,000,000 |
Interest Rate Minimum | 9% |
Interest Rate Maximum | 11% |
Terms | 1 year |
Typical Days Required to Fund | 11-15 Business days |
Credit Score Min | 620 |
Fees | Credit Report |
Updated as of | 2022-01-01 |
Summary of all Guidelines | |
Loan Types | Bridge Loan, Commercial Loan, DSCR Loan, Hard Money Loan |
Property Types | 2-4 Units, Multi Family, SFR |
Lendding Area | NATIONWIDE |
States Excluded | Arizona, Idaho, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah |
Loan amount Minimum | $150,000 |
Loan amount Maximum | $15,000,000 |
Terms | 1 year |
Credit Score Min | 620 |
Prepayment Penalty | To be determined |
LTV Bridge | 75 |
LTC Construction | 100 |
ARV Rehab & Construction | 65 |
LTC Rehab | 100 |
LTV Long Term Rental | 80 |
Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
We lend based on cost. We do not lend on ARV basis. We only finance up to 85% of purchase and up to 100% of rehab. 2nd liens on our transactions are not allowed. Yes, we can cross colaterize existing loans to get higher LTV. Yes, we finance ground up. But previous ground up experience is required.
Accolend is located in Teaneck, NJ. They offer financing for Bridge Loans, Hard Money Loans, Commercial Loans and DSCR Loans. The property type they primarily lend against is SFR, 2-4 Units and Multi Family. Their minimum loan amount is $150,000. Their maximum loan amount is $15,000,000. Maximum duration of 1 year. Points charged are deal specific, but historically have charged a minimum of 0.
These descriptions are limited information and meant for general reference purposes.
310 Cedar Lane, Suite 3A
Teaneck,
NJ
07666
![](https://lendding.com/wp-content/uploads/2023/05/lendding-loan-info.png)