Sharestates

Bridge Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$75,000,000
Terms	6 month, 9 months, 1 year
Credit Score Min	620
Interest Only or Amortized	Interest Only
Entities	LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation
Lien Position	1st
General Pricing or Guideline info	- All properties are required to have a full conforming appraisal. - Minimum Experience: Similar project within the last 3 years. - Bankruptcy: Not within the last 4 years and no other derogatory payments. - No amortizing loans permitted. - Loan Purpose: Value Add, Purchase, and Cash-Out Refinance. - Liquidity Requirements: 3 months of interest payments + portion of the rehab loan not funded in the loan. - Max Term: 24 months + up to two 6 months extensions. - ARV: 70%
Updated as of	2023-11-10

Rehab Loan Fix and Flip Loan
Property Types	2-4 Units, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$500,000
Loan amount Maximum	$10,000,000
Interest Rate Minimum	10.25%
Interest Only or Amortized	Interest Only
Lien Position	1st
General Pricing or Guideline info	- 100% Rehab for Experienced Borrowers.
Updated as of	2023-11-08

Long Term Commercial Loan Term Loan
Property Types	2-4 Units, Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$10,000,000
Terms	Fixed for 5 years then 6 month ARM, Fixed for 7 years then 6 month ARM, Fixed for 10 years then 6 month ARM, 30 year
Credit Score Min	660
Interest Only or Amortized	Interest Only
Entities	LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation
Lien Position	1st
General Pricing or Guideline info	- Valuation Type: All properties are required to have a full conforming appraisal. - Minimum Experience: Must own primary residences or 1 investment property - Bankruptcy: Not within the last 4 years and no other derogatory payments. - Loan Structure: 30 years Fixed, 10/6 Interest only, 7/6 Interest only, 5/6 Interest only. - Loan Purpose: Purchase or Cash Out Refinance.
Updated as of	2023-11-10

Construction Loan Ground-Up Construction Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$10,000,000
Terms	1 year, 18 month, 2 year, 3 year
Credit Score Min	680
Interest Only or Amortized	Interest Only
Entities	LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation
Lien Position	1st
General Pricing or Guideline info	- Collateral type includes portfolio. - All properties are required to have a full conforming appraisal. - Minimum Experience: 3-5 ground up projects completed. - Bankruptcy: Not within the last 4 years and no other derogatory payments. - No amortizing loan permit. - Additional Details: Approved Plans required, Vertical Construction work only and 18-month upfront term. - Liquidity Requirements: 3 months of interest payments + portion of the rehab loan not funded in the loan.
Updated as of	2023-11-10

Long Term Rental Loan DSCR Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$10,000,000
Interest Rate Minimum	7.5%
Terms	30 year
Credit Score Min	660
Interest Only or Amortized	Interest Only
Lien Position	1st
General Pricing or Guideline info	- Term: 30 yr w/ 5, 7, 10 ARM
Updated as of	2023-10-02

Summary of all Guidelines
Loan Types	Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$100,000
Loan amount Maximum	$3,500,000
Points Minimum 1st TD	1
Terms	30 yrs
Credit Score Min	660
Prepayment Penalty	6 months
LTV Bridge	70
LTC Construction	70
Percentage of Reno / Construction Cost Financed)	100
LTC Rehab	90
LTV Long Term Rental	80
Capital Source	Balance Sheet, Crowd Sourced
Land LTV & LTC with development	75
Percentage of Budget Financed - Rehab	100
Percentage of Budget Financed - Construction	100
LTC Percentage of Budget Financed	100

Sharestates is an online marketplace lending and investing platform, also known as real estate crowdfunding. We connect private investors and institutions with real estate developers and owners who want to raise capital for their real estate projects. Sharestates offers developers (real estate sponsors and property owners) access to real estate capital much faster than traditional funding sources while providing investors with the high (8-12%) returns on asset-backed real estate debt investments.

Sharestates is located in Great Neck, NY. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, Commercial 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 $3,500,000. They offer loans for a minimum Term of 1 year. Maximum duration of 30 yrs. Points charged are deal specific, but historically have charged a minimum of 1.

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