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We not only provide the funds you need, but we also help you with making your project a success by sharing knowledge from our own highly successful ‘fix-and-flip’ experience.
One of our strategic priorities is to build trusted relationships with real estate investors who are committed to high quality outcomes, re-establishing properties as attractive and desirable homes that improve the neighborhood. We do this because it’s best for the communities we serve and because we want your repeat business.
OUR LOAN PROGRAMS
Straightforward, easy to understand, and will vary depending on the specific property and project:
|• Loan Amount:||Up to 75% of the ARV of the property|
|• Term:||Up to 12 Months, Monthly Interest-Only Payments|
|• Interest Rate:||Competitive with DC/VA/MD metro market; varies depending on loan factors|
|• Origination Points:||Competitive with DC/VA/MD metro market; varies depending on loan factors.
No Application Fee, but certain Loan Fees may apply depending on the project
|• Closing Date:||Can occur within days of approval|
|• Lien Types:||Primarily First Liens; Second Liens may be available depending on loan factors|
|• Renovation Draws:||Progress inspections may be required depending on the project|
|• Prepayment penalty:||No prepayment penalties|
* All loans are subject to CSF’s underwriting criteria, loan conditions, and project risk tolerances. As such, CSF reserves the right to approve or deny any loan application based on our sole discretion.
All loans are subject to our underwriting criteria, loan conditions, and project risk tolerances. As such, we reserve the right to approve or deny any loan application based on our sole discretion.
© 2017 Clear Sky Financial. All Rights Reserved.