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Nationwide Mortgage

Financing Options for Investment Property Loans

Bridge Loan

Property Types 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse
Lendding Area NATIONWIDE
Loan amount Minimum $200,000
Loan amount Maximum $50,000,000
Terms 1 year, 18 month, 2 year, 3 year, 4 year, 5 year, 7 year, 10 year
Interest Only or Amortized Amortized and Interest Only Options available
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Individual, Trust, Foreign Nationals
Cross Collateralize Blanket Yes
Lien Position 1st, 2nd
Intended Occupancy Vacant, Tenant, Non-owner occupied, Owner Occupied Business
Recourse Recourse and Non Recourse available
Updated as of 2024-01-17

Rehab Loan

Property Types 2-4 Units, Condo, Multi Family, SFR
Lendding Area arizona, california, colorado, connecticut, delaware, florida, georgia, kansas, maryland, massachusetts, missouri, new-jersey, north-carolina, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, west-virginia
Loan amount Minimum $85,000
Loan amount Maximum $10,000,000
Interest Rate Minimum 8.5%
Interest Rate Maximum 13.5%
Points Maximum 1st TD 2.5
Terms 1 year, 18 month
Typical Days Required to Fund 11-15 Business days
Credit Score Min 680
Interest Only or Amortized Interest Only
Fees Underwriting
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Taking Title Personally not permitted
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
Documents needed Application, Appraisal, Bank Statements, Bank Statements - Business Account - 3 month, Credit Report, Driver's license, Entity documents for LLC, Corp or Trust, Purchase Contract
Intended Occupancy Vacant, Tenant, Non-owner occupied
Fixed or Adjustable Fixed
Recourse Recourse
Reserve Requirement None
Updated as of 2024-01-17

Long Term Rental Loan

Property Types 2-4 Units, Condo, Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $3,000,000
Interest Rate Minimum 6.5%
Interest Rate Maximum 12.75%
Terms 30 year, 40 year
Typical Days Required to Fund 31-40 Business days
Credit Score Min 680
Interest Only or Amortized Amortized and Interest Only Options available
Fees Underwriting
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Individual, Trust
Lien Position 1st
Max Points Charge by Broker 4
Prepayment Penalty No Prepayment Penalty, 1 year, 2 years, 3+ years, 5,4,3,2,1, 5,5,5,5,5
Documents needed Application, Appraisal, Credit Report, Driver's license, Entity documents for LLC, Corp or Trust, Lease Agreements, Mortgage Statement for Subject Property, Purchase Contract, Rent Roll
Intended Occupancy Tenant
Special Features Foreign National
Updated as of 2024-09-11

Construction Loan

Property Types 2-4 Units, SFR
Lendding Area arizona, california, colorado, connecticut, delaware, florida, georgia, kansas, maryland, massachusetts, missouri, new-jersey, north-carolina, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, west-virginia
Loan amount Minimum $85,000
Loan amount Maximum $10,000,000
Interest Rate Minimum 8.5%
Interest Rate Maximum 13.5%
Points Maximum 1st TD 2.5
Terms 1 year, 18 month
Typical Days Required to Fund 11-15 Business days
Credit Score Min 680
Interest Only or Amortized Interest Only
Fees Underwriting
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Taking Title Personally not permitted
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
Intended Occupancy Vacant, Tenant, Non-owner occupied
Fixed or Adjustable Fixed
Recourse Recourse
Reserve Requirement None
Updated as of 2024-01-17

Second Mortgage
2nd Mortgage and Line of Credit

Property Types 2-4 Units, SFR
Lendding Area california, florida, washington
Loan amount Minimum $200,000
Loan amount Maximum $2,000,000
Interest Rate Minimum 10%
Interest Rate Maximum 14%
Credit Score Min 680
Updated as of 2024-09-11

Summary of all Guidelines

Loan Types Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Investment property Line of Credit, Rehab Loan, Second Mortgage
Property Types 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Office, Mixed use, Mobile Home Park, Modular Home, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Warehouse
Lendding Area california, florida, washington
States Excluded Nevada, North Dakota, South Dakota
Loan amount Minimum $200,000
Loan amount Maximum $5,000,000
Interest Rate Minimum 8%
Interest Rate Maximum 12%
Points Minimum 1st TD 1
Points Maximum 1st TD 2.5
Terms 1 year, 1.5 years, 2 years, 3 years, 5 years, 10 years, 15 years, 30 Years
Prepayment Penalty No Prepayment Penalty, 6 months, 1 year, 3+ years
LTV Bridge 65
LTC Construction 80
ARV Rehab & Construction 75
LTC Rehab 80
LTV Long Term Rental 80
Intended Occupancy Vacant, Tenant
Percentage of Budget Financed - Rehab 100
LTC Percentage of Budget Financed 100
NMLS ID 32417
License Number CA DRE 01247594, FL Mtg Brkr #MBR2347, WA Mtg Brkr #MB-32417

Nationwide Mortgage is located in San Jose, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, Investment property Line of Credit, Commercial Loans, DSCR Loans, Rehab Loans and Second Mortgages. The property type they primarily lend against is 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Office, Mobile Home Park, Modular Home, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Warehouse, Mixed use and Senior. Their minimum loan amount is $200,000. Their maximum loan amount is $5,000,000. Maximum duration of 1 year;1.5 years;2 years;3 years;5 years;10 years;15 years;30 Years. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 2.5.

These descriptions are limited information and meant for general reference purposes.
1963 O'Toole Way, Suite 200
San Jose, 
CA
 95131
This web page is regarding investment properties only. Non consumer owner occupied, properties loans are offered here. We are just required to provide our licensing information. N A Nationwide Mortgage, a California Corporation is located at 1963 O’Toole Way, Suite 200, San Jose, CA 95131. Unique Identifier NMLS ID #32417 www.nmlsconsumeraccess.org. N A Nationwide Mortgage Service Mark @1998. All rights reserved. California – DRE Real Estate Corporation License Mortgage Loan Originator (MLO) License Endorsement, #01247594, Florida Mortgage Broker License #MBR2347. Washington Mortgage Broker License #MB-32417.