The following information is the general Loan-To-Value criteria that we use. Although exceptions may be made from time to time when risk-mitigating circumstances present themselves, For clarifying questions, please contact us.  All commercial properties considered Nationwide, Canada, and Caribbean.

250,000 minimum loan amount  -  There is no maximum loan amount.

NOTE: See below for variations from these standard LTV guidelines. Exceptions may apply

Stated Income/Asset Residential Loans - Indiana Only

Residential Purchase/Refinance: 100% LTV on residential properties are available.

Rehabilitation: 100% of purchase price and up to 70% of the future or after repair value or appraised value, on residential rehabilitation loans. Rehabilitation loans must be made in first (1st) lien position only. Underwriter approvals of all rehabilitation properties are on a case-by-case basis only. 

Land - Commercial Income producing properties - Stated Income/Asset

Income Producing Commercial: 90%CLTV on commercial properties under 1,000,000.

Industrial: 60% LTV on industrial properties. Exceptions to 70% may be made with compensating factors.

Raw Land: 65% on raw land. Exceptions to 75% may be made based if 25 - 30% cash down payments made by the borrower(s). Zoning and exit may influence LTV.  

Improved Land: We will lend up to 90% CLTV on improved land. Zoning, use, stage of improvements, number of improvements made, may influence LTV.  50-40-10

Raw Land:  75% on un-improved land with a solid exit strategy in place,

Lots: 50% LTV on lots, with exceptions to 70% on a case-by-case basis.

Rural Property: If it is a working farm and you plan to build a house within 5 years 85%, otherwise 50% LTV on rural property is typical.

Seasonal Access: 40% LTV on seasonal access property upon underwriter approval.

Modular/Manufactured Housing: 55% on properties with manufactured/ mobile housing. Value inconsideration of the mobile/manufactured housing will not be used in estimation of value. The value of the land will be used, minus demolition costs (if necessary) by underwriting.

Under Construction: 60-70% of the value at the time the loan is made of a property under construction. Property type may influence LTV.

IMPORTANT NOTES!!! Below is a list of exceptions to the above LTV guidelines.

Default/Late/Foreclosure Bailouts: Residential up to 85% - All other types on a case by case basis.

Residential Property over $1 Million: Reduce standard LTV by 10% on all residential properties valued at over $1,000,000.

Seller Carry Backs: Possible - LTV and/or cash down payment requirements may vary.