Whether you’re looking for capital for a Fix & Flip, Rental, or Commercial property, we have a program to meet your needs.
| Fix and Flip Loan Program | Rental Loan Program | Commercial Loan Program | |
|---|---|---|---|
| Project Type | 1-30 Unit Residences Condominiums Townhomes Multi-Family Apartments Mixed Use Buildings (min. 50% residential) Small Commercial |
Single Family Residential Multi-Family (2-4 Units) Condominiums Townhomes |
Apartments Single-Use Office Light Industrial/Warehouse Retail |
| Loan Amount | $6MM to $10MM | $100,000 to $2,000,000 | $250,000 - $40,000,000 |
| Loan to Value (LTV) | Up to 90% | Up to 80% | Up to 80% |
| Rent Coverage Ratio | Not applicable | 1.10x | 1.1x |
| Loan Term | 12-36 months | 3/30 5/30 Fixed 30/30 |
up to 36 months |
| Interest Rate | From 7.9% | From 6.5% | From 8.99% |
| Rehab Financing | 100% | Not Available | 100% |
| Proceed Usage | Purchase, Refinance, Renovation, Bridge, Cashout | Purchase, Refinance, Cashout | Purchase, Refinance, Cashout |
We pride ourselves on closing deals quickly, however a quick closing is dependent on the cooperation of the borrower/broker. We can typically close 7 to 10 business days once we receive a full package.
No previous experience required, as we can provide leverage and financing for newbie investors. However, in order to obtain maximum leverage, a borrower has to have purchased a minimum of 3 investment properties in the last 3 years. 3 years experience as a contractor, property manager, or real estate agent may still qualify. Experience of contractor, property manager or real estate qualifies for a higher leverage.
Express Capital Financing does not have a minimum credit score criteria. However, anyone with a score under 550 will require interest reserves payments.
Click on each fee for additional information
DUE: When the LOI is signed and returned
To confirm a fair value of the property as-is. If it’s a rehab project, then we will obtain an after-repair value as well.
DUE: AT CLOSING
To assess the credit worthiness of the borrower and evaluate the risk of the loan. Obtain credit and background check, flood certificate, tax tracking, etc. Waived for repeat borrowers (minimum 3 deals)
DUE: AT CLOSING
We require all borrowers to provide an executed ACH Authorization form and a copy of a voided check for the purpose of payment drafting. A servicing fee in the amount of $30 will be charged on any loans in which automatic payment drafting documents are not provided.
DUE: AT CLOSING
We hire outside counsel to represent us at closing, draft documents, compliance, and review of title.
Variable Attorney Fees as needed. *Except NY. Document Preparation Fee is charged at a flat rate of $1,500.
Commercial: Varies by state.
DUE: At time of disbursement
Includes fees for 3rd party inspection and internal management.
Lock in today’s best rates and save substantially on fees. In this rising-rate environment, you can still cut costs and get ahead. With our low underwriting costs, you won’t pay a penny more for our superior service and certainty—just show us a term sheet from our competitors and we’ll beat their rates.