Constructive Capital
- Terri Antonson
Director
- Alex Offutt
Managing Director
Long Term Rental Loan | |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $999,999 |
| Loan amount Maximum | $1,999,999 |
| Updated as of | 2022-01-01 |
| Program Code | LG516 |
Rehab Loan | |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,500,000 |
| Interest Rate Minimum | 9.75% |
| Interest Rate Maximum | 12% |
| Terms | 1 year, 18 month |
| Credit Score Min | 680 |
| Lien Position | 1st |
| General Pricing or Guideline info | - Minimum Loan Amount = $100,000 - Maximum Loan Amount = $2,500,000 - Minimum FICO = 680 - Rehab Cost > As-Is Value and Purchase Price is Ineligible - Ground Up New Construction is Ineligible - All Units Must be Non-Owner Occupied - Term: 12 months, add 0.50% origination fee for each additional 3 month period (maximum term 18 months) |
| Updated as of | 2022-01-01 |
| Program Code | LG123 |
Long Term Rental Loan | |
| Property Types | Multi Family |
| Lendding Area | NATIONWIDE |
| Updated as of | 2022-01-01 |
| Program Code | LG122 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Construction Loan, DSCR Loan, Investment property Line of Credit, Rehab Loan |
| Property Types | 2-4 Units, Condo, Mixed use, Multi Family, SFR |
| Lendding Area | alabama, alaska, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, south-dakota, tennessee, texas, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $55,000 |
| Loan amount Maximum | $2,500,000 |
| Interest Rate Minimum | 6.75% |
| Terms | 30 years |
| Interest Only or Amortized | Interest Only, Amoritzed |
| Prepayment Penalty | 5 years |
| LTV Bridge | 75 |
| LTC Construction | 90 |
| ARV Rehab & Construction | 75 |
| LTC Rehab | 90 |
| LTV Long Term Rental | 80 |
| Intended Occupancy | Tenant |
Constructive Mortgage Services is a National Lender that works with brokers to provide their real estate investor clients with an extensive product set to help achieve their real estate investment goals.
Constructive Mortgage Services features two types of Business-Purpose Lending: Bridge Financing (Fix and Flip, Renovation Loans) and Single-Asset Rental Property Loans.
-Fix and Flip Loans require no personal income or employment verification. Underwriting is based on investment track record and borrower liquidity/net worth.
-Constructive’s Single-Asset Rental Loan is a fully-amortizing commercially underwritten loan. Eligibility is based on property cash-flow, and there is no limit to the number of properties that can be financed.
-Constructive lends to both individuals and eligible corporate entities.
-Financing is available for established vacation rental properties.
Constructive’s common-sense guidelines and streamlined documentation requirements enable your clients to respond to investment opportunities quickly. A simple broker agreement is all it takes to get started and there are no warehouse line requirements.
They offer financing for Bridge Loans, Construction Loans, Investment property Line of Credit, DSCR Loans and Rehab Loans. The property type they primarily lend against is SFR, Multi Family, Condo, Mixed use and 2-4 Units. Their minimum loan amount is $55,000. Their maximum loan amount is $2,500,000. They offer loans for a minimum Term of 1 year. Maximum duration of 30 years. Although rates can change they are typically lending at a minimum rate of 6.75%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 0.
These descriptions are limited information and meant for general reference purposes.