Velocity Mortgage Capital

Bridge Loan ARV Pro Loan
Property Types	2-4 Units, Condo, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$75,000
Loan amount Maximum	$2,000,000
Interest Rate Minimum	9%
Interest Rate Maximum	11.25%
Points Minimum 1st TD	2
Points Maximum 1st TD	5
Terms	1 year
Credit Score Min	650
Interest Only or Amortized	Interest Only
Fees	Underwriting
Extensions Available	Yes
Lien Position	1st
Max Points Charge by Broker	3
Prepayment Penalty	No Prepayment Penalty
Intended Occupancy	Tenant
Fixed or Adjustable	Fixed
General Pricing or Guideline info	General Guidelines Purpose Provide funds to improve or rehab properties. (Purchase and refinance OK.) Loan Amounts $75K - $2MM up to 75% of the ARV and 80% of ”as-is” value. Initial Loan Amount 80% (Lower of purchase price or current value.) Improvements Schedule of improvements required. (Inspection fees per draw apply.) Term 1-year, interest only. 6 month extension at 1% in fee. Credit Score 650 minimum (mid FICO). Prepayment Premium None. Rate Buydown 1-point fee = .375% rate reduction. (Maximum .75% rate reduction.) | Minimum Rate 8.99%. Broker Fees Maximum is 5% of the loan amount, including broker fees. Lender Fees 2% + underwriting fee of $999. Underwriting Guidelines Lending Nationwide, except for rural properties. Contact your loan officer for details. Experience Proof of prior real estate investment or ownership. 70% maximum LTV for first-time investors. Income Verification Simple documentation. Down Payment Must be sourced. Heavy Rebuild / Add-Ons Rehab proceeds >50% of loan amount case-by-case basis. No ground up construction Appraisal Process Contact your Account Executive to learn about our streamlined process and cost. Impounds None. Foreign Investors 65% maximum LTV.
Updated as of	2023-11-10

Long Term Commercial Loan Fast50 Loan
Property Types	2-4 Units, Automotive, Condo, Mixed use, Multi Family, Office, Retail, Self-Storage, SFR, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$75,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	9%
Interest Rate Maximum	12.25%
Points Minimum 1st TD	2
Points Maximum 1st TD	5
Terms	30 year
Credit Score Min	650
Interest Only or Amortized	Amortized and Interest Only Options available
Lien Position	1st
Max Points Charge by Broker	5
Prepayment Penalty	5,4,3,2,1
Intended Occupancy	Tenant
Fixed or Adjustable	Fixed
General Pricing or Guideline info	Loan Programs Options Fixed Full Amortization Fixed Interest Only Add .25 to above rates. Term 30 years | Shorter terms available. 5 years I/O Amortization 30 years. 25 years following initial I/O period. Loan Amounts $75K - $5MM. Prepayment Penalty 5-year declining prepay: 5%, 4%, 3%, 2%, 1%. Prepay Buydown Reduce 1 year by adding .375% fee. Min 1-year penalty. No Prepay States 1-6 units in NJ (title held as an individual) and 1-4 units in NM = no prepay, add 1% to rate or 1% in fee. Rate Buydown 1-point fee = .375% rate reduction. | Minimum Rate 8.99%. Investor 1-4 Guidelines Loan Amounts $2MM max. Experience First time buyers are ineligible for investment 1-unit properties. General Guidelines Lending Locations nationwide. (For ineligible locations, contact your Account Executive for details.) Refinance Transactions Add .50% to the rates shown above for all refinance transactions. Rebates 1-point rebate = .50% add-on to rate. | Max rebate 1%. Broker Compensation Maximum is 5% of the loan amount, including broker fees. Bankruptcy/NOD Discharge 1 day. Mortgage Lates OK. Title Seasoning 1 day. Income Verification Simple documentation. Appraisal Process and Fee Contact your Account Executive to learn about our streamlined process and cost. Impounds Required for property taxes and insurance. Foreign Investors OK. Credit Score 650 minimum (mid FICO).
Updated as of	2023-11-10

Bridge Loan Flex I/O Loan
Property Types	2-4 Units, Condo, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$75,000
Loan amount Maximum	$2,000,000
Interest Rate Minimum	9%
Interest Rate Maximum	12.75%
Points Minimum 1st TD	2
Points Maximum 1st TD	5
Terms	2 year
Credit Score Min	675
Interest Only or Amortized	Interest Only
Fees	Underwriting
Extensions Available	No
Lien Position	1st
Max Points Charge by Broker	3
Prepayment Penalty	No Prepayment Penalty
Intended Occupancy	Tenant
Fixed or Adjustable	Fixed
General Pricing or Guideline info	General Guidelines Purpose Purchase and refinance transactions.* Loan Amounts $75K - $2MM. Term 24 months, interest only. Credit Score 675 minimum. Prepayment Premium None. Rate Buydown 1-point fee = .375% rate reduction. (Maximum .75% rate reduction.) | Minimum Rate 8.99%. Broker Fees Maximum is 5% of the loan amount, including all broker fees. Lender Fees 2% + underwriting fee of $999. Underwriting Guidelines Lending Locations nationwide. (For ineligible locations, contact your Account Executive for details.) Experience First Time Investor MAX 65% LTV. Income Verification Simple documentation. Down Payment Must be sourced. Appraisal Process Contact your Account Executive to learn about our streamlined process and cost. Impounds None. Foreign Investors 65% maximum LTV.
Updated as of	2023-11-10

Summary of all Guidelines
Loan Types	Bridge Loan, Commercial Loan, DSCR Loan, Hard Money Loan, Investment property Line of Credit, Rehab Loan
Property Types	2-4 Units, Agriculture, Assisted Living, Church, Commercial, Condo, Hotel, Industrial, Manufactured Home, Medical Office, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Retail, Self-Storage, Senior, Senior Care - Residential Property, SFR, Shopping Center, Special-Use, Strip Center, Warehouse
Lendding Area	NATIONWIDE
States Excluded	Michigan
Loan amount Minimum	$75,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	7%
Interest Rate Maximum	11%
Points Maximum 1st TD	5
Terms	2 years, 3 years, 6 years, 7 years, 10 years, 20 year, 30 yrs
Interest Only or Amortized	Amoritzed
Prepayment Penalty	1 year, Other
LTV Bridge	60
Upfront Fees	Appraisal, Environmental, Processing
Personal Guarantee /Recourse Required	Recourse
Intended Occupancy	Non-Owner
Rural Acceptable	No Rural

Different loans for different borrowers.
Every borrower that steps into your office has a unique vision – and a unique set of circumstances that have led them to you. Our wide range of alternative, asset‑based mortgage programs allow brokers to service the needs of tough-to-qualify real estate investors, including W-2 employees, self-employed entrepreneurs and small business owners.

Here's a summary of the residential investment and commercial mortgage programs we offer.

Velocity Mortgage Capital is located in Westlake Village, California. They offer financing for Bridge Loans, Hard Money Loans, Investment property Line of Credit, Commercial Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is 2-4 Units, Agriculture, Assisted Living, Church, Condo, Hotel, Industrial, Manufactured Home, Medical Office, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Retail, Self-Storage, Senior Care - Residential Property, SFR, Shopping Center, Special-Use, Strip Center, Warehouse, Mixed use, Senior and Commercial. Their minimum loan amount is $75,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 2 years;3 years;6 years;7 years;10 years;20 year;30 yrs. Although rates can change they are typically lending at a minimum rate of 7%. Maximum interest rate of 11%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 5.

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