Accolend

Construction Loan SFR, Condo & 2-4 Units
Property Types	2-4 Units, Condo, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$300,000
Loan amount Maximum	$3,000,000
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
Entities	No Foreign Nationals
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.