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Straightline Funding

Bridge Loan
Fix & Flip or Fix to Rent - LG384

Straightline Funding

Summary of all Guidelines

Loan Types Bridge Loan
Property Types Condo, Multi Family
Lendding Area NATIONWIDE
Loan amount Minimum $50,000
Loan amount Maximum $350,000
Points Minimum 1st TD 1.5
Points Maximum 1st TD 2
Terms 1 year
Typical Days Required to Fund 6-10 Business days
Credit Score Min 680
Interest Only or Amortized Interest Only
Fees Processing Fee
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
General Pricing or Guideline info Why Straightline Funding? ✓ Direct Private Lender ✓ Exclusively Lending to Investors since 2006 ✓ Dedicated Client Portals ✓ Transparent Pricing and Fast Closings - Loan to Cost/Value: Up to 90% LTC and 75% of After Repair Value. - Loan Purpose: Purchase or Refinance. - Loan Term: 12 or 15 months - No Prepayment Penalty or Guaranteed Interest. - No Income Verification. Bank Statements Only. - Property Appraisal: Valuation Required (typically hybrid valuations are used). - Points & Fees: 1.50% to 2.00% plus processing and doc prep. - Time to Fund: 7-10 business days. - Broker Protection: Brokers protected on current and future deals.
Updated as of 2023-12-22

Why Straightline Funding?
✓ Direct Private Lender
✓ Exclusively Lending to Investors since 2006 ✓ Dedicated Client Portals
✓ Transparent Pricing and Fast Closings

- Loans to Cost/Value: Up to 90% LTC and 75% of After Repair Value.
- Loans Purpose: Purchase or Refinance.
- Loans Term: 12 or 15 months
- No Prepayment Penalty or Guaranteed Interest.
- No Income Verification. Bank Statements Only.
- Property Appraisal: Valuation Required (typically hybrid valuations are used).
- Points & Fees: 1.50% to 2.00% plus processing and doc prep.
- Time to Fund: 7-10 business days.
- Broker Protection: Brokers protected on current and future deals.

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