Program CM310
Commercial Construction Loan

• Loan amount from $250,000 to $5,000,000                                                      
• Multifamily, hotels/motels, office buildings, shopping centers, industrial, warehouse, mixed use, retail, self-storage, mobile home parks, healthcare, recreational, subdivisions, etc.
• New construction and rehab/renovation considered
• Max. LTV 70%
• Max. LTC 70%
• Up to 60-month term

• Loan amount from $500,000 to $5,000,000 
• 1-3 year term
• Participating loan bridges the "gap" between the builder's equity requirement and the amounts available from a construction loan.
• The construction lender is in a first lien position, participating loan is in a second lien position 
• Participating loan supplies 75% of necessary equity capital while the builder is responsible for 25% of LTC
• Profit split: builder 66.67%, equity program 33.33%  
• The construction loan and the participating loan is subject to a max. LTV 80%
• No current pay requirements

Program CM330
Land Development Loan

• Loan amount from $500,000 to $5,000,000
• Max. 65% of future balk sale value for land with permit ready, 50% for land with tentative map 
• Low rate starts at Prime + 2.00%
• 1-5 year term
• 30-year amortization

Program CM340
Residential Construction Loan (California Only)

• Loan amount from $250,000 to $5,000,000 
• Max. LTV 90%
• Max. LTC 70% for non-FICO driven program
• Low rate starts at Prime + 1.50%
• Interest only payment
• 6-12 month term
• No income, not asset verification program available

Program CM350
No Doc. SFR Home Construction Loan (California Only)

• Up to $600,000 per SFR unit (5 SFR units at a time)
• Owner builder and spec. home accepted  
• Max. LTV 80%
• Max. LTC 90%
• Low rate starts at 3.99% 
• Interest only payment
• 6-24 month term 
• No income, no asset verification
• Subordinate financing acceptable
• No seasoning or tracking of funds to close
• No prepayment penalties
• No reserve requirements 
• Non-FICO driven program available 

Program CM360
Residential Rehab Loans (California Only)

• Residential 1-4 family owner and non-owner occupied properties
• Helps investors purchase and rehab property for a substantial profit
• 85%-100% of the sale price and repair fund (based on borrower's credit and experience), plus interest, points and closing costs can be financed, not to exceed 65% of the after-repair-value 
• First time borrowers may need to bring cash to the closing table for points and closing costs
• Min. FICO 620
• Borrowers supplying 2-year tax returns and 3-month bank statements are entitled to higher LTV
• First lien position
• Monthly interest only payment
• Term up to 1 year 
• Closings in one week or sooner
• No limit on the number of properties
• No prepayment penalties
• Licensed contractor and fund control escrow are required