Conventus
Conventus Holdings Corporation (CHC) was started in 2015 by Keith M. Tomao after his 20-year career on Wall Street where he was most recently a Managing Director at Goldman Sachs in the Fixed Income Division. Through his institutional background and extensive understanding of the market, CHC was created to capture an opportunity in single family and multifamily bridge lending, a $25+ billion high yield and short duration debt market. Over the ensuing years, CHC became a top five loan origination company through the collective effort of our diligent professionals and their diverse backgrounds and experience. Furthermore, CHC’s success is grounded through the marriage of an investment company, mortgage origination and funding company coupled with a strong focus on quick customer service, fair and competitive pricing and hiring exceptionally talented people. Now, 6+ years into our journey, CHC’s leadership team consists of professionals from the real estate, technology, healthcare and investment world.
- Mia-Paola Aceves
Rehab Loan | |
| Property Types | 2-4 Units, Land Entitled, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $9,000,000 |
| Interest Rate Minimum | 9% |
| Interest Rate Maximum | 13% |
| Points Maximum 1st TD | 2.5 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year |
| Typical Days Required to Fund | 6-10 Business days |
| Credit Score Min | 660 |
| Entities | Foreign Nationals |
| Lien Position | 1st |
| Program Code | LG505 |
Long Term Rental Loan | |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 6.75% |
| Interest Rate Maximum | 10% |
| Points Minimum 1st TD | 1 |
| Terms | 5 / 1 year ARM, 7 / 1 year ARM, 10 year, 30 year |
| Typical Days Required to Fund | 6-10 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Entities | Foreign Nationals |
| Lien Position | 1st |
| Program Code | LG507 |
Construction Loan | |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $9,000,000 |
| Interest Rate Minimum | 9% |
| Interest Rate Maximum | 13% |
| Points Maximum 1st TD | 2.5 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year |
| Typical Days Required to Fund | 6-10 Business days |
| Credit Score Min | 660 |
| Entities | Foreign Nationals |
| Lien Position | 1st |
| Program Code | LG506 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, DSCR Loan, Hard Money Loan, Rehab Loan |
| Property Types | Condo, Mixed use, Multi Family, SFR |
| Lendding Area | alabama, alaska, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, maine, maryland, massachusetts, michigan, mississippi, missouri, montana, nebraska, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, tennessee, texas, vermont, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $9,000,000 |
| Interest Rate Minimum | 7% |
| Interest Rate Maximum | 13% |
| Points Maximum 1st TD | 2 |
| Terms | 6 months, 2 years, 3 years, 5 years, 30 Years |
| Credit Score Min | 620 |
| Interest Only or Amortized | Interest Only |
| Prepayment Penalty | None |
| LTV Bridge | 60 |
| Upfront Fees | Processing |
| Personal Guarantee /Recourse Required | Recourse |
| Intended Occupancy | Non-Owner |
Conventus is located in San Francisco, CA, CA. They offer financing for Bridge Loans, Hard Money Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is SFR, Multi Family, Condo and Mixed use. Their minimum loan amount is $150,000. Their maximum loan amount is $9,000,000. They offer loans for a minimum Term of 3 months. Maximum duration of 6 months;2 years;3 years;5 years;30 Years. Although rates can change they are typically lending at a minimum rate of 7%. Maximum interest rate of 13%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 2.
These descriptions are limited information and meant for general reference purposes.
111 Potrero Avenue
San Francisco, CA,
CA
94103
