Residential

A Progressive funding source for Residential Investors Financing needs

When it comes to investing into residential property for Fix and Flip or Income driven investment, speed and ease of underwriting guidelines is critical when your offer is among several others submitted to a seller.

Fix and Flip

  • Purchase up to 90% LTV
  • After Repair Value up to 75%
  • Loan Amounts up to $5mm
  • Minimum property value of $100k
  • 600 Minimum Credit Score
  • Credit score can be lower on exception
  • 1-4 unit investment properties
  • up to 12 months
  • No Pre-pay penalties
  • Blanket Loans are OK

Construction

  • Up to 85% of Project Cost
  • Loans from $500k to $5mm
  • 12-24 Month Term – Interest Only
  • Spec development allowed
  • Redevelopment, conversion and condo loans also permitted
  • Negotiable release prices on multi-asset projects
  • Interest Reserves can be built in
  • Nationwide
  • Fast approvals 
  • Single-family detached, condos, townhomes, multi-family

Let's talk..

We offer free consultations for all products and services. We will help you think through your
ideas and provide examples for how we can fund your request.

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