Loan Products

 A reverse mortgage is a loan designed for homeowners aged 62 or older, allowing them to convert part of their home equity into cash without selling the home. Instead of making monthly payments to the lender, the loan balance increases over time and is repaid when the borrower sells the home, moves out permanently, or passes away. It’s commonly used as a way to supplement retirement income. 

 Private loans are funds provided by individuals or private entities, rather than traditional financial institutions, to borrowers. They often have flexible terms and are used for personal or business needs, including real estate investments. 

Terms are case by case.

 Fix-and-flip loans are short-term financing options designed for real estate investors who purchase, renovate, and sell properties for a profit. These loans typically cover the property's purchase price and renovation costs, with repayment expected once the property is sold. They often feature higher interest rates and are based on the property's after-repair value (ARV). 

Terms case by case

 DSCR Loans (Debt Service Coverage Ratio loans) are designed for real estate investors and are approved based on the property’s income potential rather than the borrower’s personal income. Lenders evaluate the property’s ability to generate sufficient rental income to cover loan payments, using the DSCR as a key metric. These loans are commonly used for rental properties. 

Terms case by case

  Bank Statement Loans are a type of mortgage designed for self-employed individuals or those with non-traditional income sources. Instead of relying on tax returns or W-2s, lenders evaluate the borrower’s income by reviewing their bank statements (usually over 12–24 months) to determine eligibility. These loans offer flexibility but often come with higher interest rates. 

Terms case by case

 Bridge Loans are short-term financing solutions used to bridge the gap between the purchase of a new property and the sale of an existing one. They provide quick access to funds, typically secured by the borrower’s current property, and are commonly used in real estate transactions. These loans usually have higher interest rates and are repaid when the borrower secures long-term financing or sells their property. 

Terms case by case

 Business Purpose Loans are financing solutions designed for business-related needs, such as expanding operations, purchasing equipment, or investing in real estate. These loans are not intended for personal use and can be secured or unsecured, with terms varying based on the borrower’s business financials and goals.