Correspondent Lending Director – Michael Young


Correspondent Lending Director at Express Capital Financing

Tel:(718) 812-2222

If you’re looking for help getting a loan, or if you just want some more information about our lending operations, please feel free to call or e-mail me anytime. I’ll be happy to discuss your opportunity and explore the options that work best for you.

Lite Doc Commercial Mortgage Loan - online application
Lite Doc Commercial Mortgage Loan - paper application
Rental 360 Loan (1-4 unit mortgage) - Online Application
Rental 360 Loan (1-4 unit mortgage) - Paper Application
Express Bank Rate - Online Application
Express Bank Rate - Paper Application
Fix & Flip Loan - Paper Application
Fix & Flip Loan - Online Application
Multi-Family/Mixed use Bridge Loan - Online Application
Multi-Family/Mixed use Bridge Loan - Paper Application
Ground up Construction - Online Application
Ground up Construction - Paper Application


RENTAL 360 1-4

Funding for Fix & Flips, Rental Properties, & Commercial Projects

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
Large Balance Bridge Loans Multi Family/Mixed Use Bridge Loan Lite Doc Commercial Mortgages
Project Type 1-4 Unit Residences
Single Family Residential
Multi-Family (2-4 Units)
Light Industrial/Warehouse
Mixed Use Buildings
Multi Family (5+)

Mixed Use
Apartments (5-21+ Units)
Health Care / Assisted Living
Shopping Centers
And Many More...
Loan Amount $100,000 - $5,000,000 $100,000 - $3,000,000 $1,000,000 - $10,000,000 $500,000 - $10,000,000 $100,000 - $50,000,000
Loan to Value (LTV) Up to 90% Up to 80% Up to 80% Up to 80% Up to 80%
Rent Coverage Ratio Not applicable 1.0x (No DSCR Available) 1.1x 1.1x 1.2x
Loan Term 12-36 months 5/30 7/30 10/30
Fixed 30/30
up to 36 months 12 to 36 Months 5/7/10/15 or 30 years
Interest Rate Starting at 9.75%+ Starting at 7%+ Starting at 9.9%+ Starting at 9%+ Starting at 7%+
Rehab Financing 100% Not Available 100% 100% Not Available
Proceed Usage Purchase, Refinance, Renovation, Bridge, Cashout Purchase, Refinance, Cashout Purchase, Refinance, Cashout Purchase, Refinance, Cashout Purchase, Refinance, Unrestricted Cashout
Those Who Qualify US Citizens, Foreign Nationals, Permanent Resident Alien US Citizens, Foreign Nationals, Permanent Resident Alien US Citizens, Foreign Nationals, Permanent Resident Alien Experienced or newbies to real estate US Citizens, Foreign Nationals, Permanent Resident Alien
Points 2%+ 1%+ 2%+ 2%+ 2%+

New Construction/Condo Conversion Loan 

Express Capital Financing offers competitive financing for acquisition, development and construction loans for builders and developers.


  • Up to 75% of Project Cost – land & development
  • 12-24 Month Term – Interest Only
  • Up to 75% Loan to Purchase, 100% development cost not to exceed 75% ARV
  • Eligible Property Types: townhouses, condo loans also permitted
  • Loans from $250k to $3M
  • Nationwide Footprint
  • Negotiable release prices on multi-asset projects
  • Fast approvals and funding since we are not a bank
  • Property types are 1-100 units
  • Minimum Experience – 2 + deals completed
Download Requirements

Our Borrowing Requirements


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.

  1. Initial call or email to determine feasibility of the loan
  2. Borrower/broker submit application
  3. Loan Officer issues term sheet
  4. Signed term sheet to start the process
  5. Borrower/Broker submits full document package
  6. Underwriting reviews file after a full package is in hand
  7. Underwriting request clarifying information (if needed)
  8. Borrower submits clarifying information (if needed)
  9. File goes to closing
  10. Done deal!

Borrower Experience

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.

Immediate Disqualifiers

  • Bankruptcy in the last 4 years / case-by-case
  • Foreclosure in the last 4 years / case-by-case
  • Short sales or deeds in lieu of foreclosure in the last 4 years/case by case
  • Financial crimes or fraud

Our Fee Schedule

Click on each fee for additional information

Application Fee = $0


Appraisal Cost: $400+

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.

Underwriting Fee: Program Dependent - Call your Loan Officer for details


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. Can be reduced for repeat borrowers. (minimum 3 deals)

Servicing Fee: $30


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.

Document Prep and Attorney: $995+ *


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.

Draw: $200 per draw**

DUE: At time of disbursement

Includes fees for 3rd party inspection and internal management.
**Fee does not include $30 wire fee.

Due Diligence deposit: $0


Best price.
Better service.

Bring us your term sheet and we’ll meet or beat the rate, terms and fees.

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.

Apply for a Loan Now

24 Hour Pre-Approval

*Free Pre-Approval Letters