Lendmarq

Construction Loan
Property Types	Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$75,000
Loan amount Maximum	$2,000,000
Terms	1 year, 18 month, 2 year
Interest Only or Amortized	Interest Only
Lien Position	1st
Recourse	Recourse and Non Recourse available
Updated as of	2023-05-01

Summary of all Guidelines
Loan Types	Bridge Loan, DSCR Loan, Rehab Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	6.75%
Terms	2 years, 3 years, 30 Years
Credit Score Min	620
LTC Construction	85

Some highlights on what makes Lendmarq different:

- We love short term fix and flip and bridge loans (no prepayment penalty).

- We love 30 year loans on rental properties and short term rental properties (for short term rentals just send us the AirBNB or VRBO statements for the past 12 months)

- We use non-AMC appraisers who can deliver quickly and actually know the market.

- We give you the option to use an interior BPO on purchases where speed matters most on deals below $750,000.00 saving your client time and money.

- We have revamped processing completely to speed up closing times so that the longest part of the process is getting the appraisal/BPO.

- We are very low doc (we need ID, company docs if applicable, contract if a purchase, leases if applicable, and 2 months of bank statements).

Lendmarq is located in Miami, FL. They offer financing for Bridge Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is SFR, Multi Family, Mixed use and 2-4 Units. Their minimum loan amount is $100,000. Their maximum loan amount is $5,000,000. Maximum duration of 2 years;3 years;30 Years. Although rates can change they are typically lending at a minimum rate of 6.75%.

These descriptions are limited information and meant for general reference purposes.