Sara Havlena
(2022 projected origination volume and preferences)
CoreVest Finance
Volume:$3B
Originated $2B as of Aug. 31; $500K-$100M+ bridge and term loans for non-owner occupied SFRs, 2-4 unit, condos, townhomes; rental portfolio loans, lines of credit, build-for-rent, single-asset bridge; non-recourse available; Rental Portfolio loans: up to 75% LTV; five- to 10-year terms; Bridge loans: up to 80% LTC; one- to two-year terms; nationwide
Axos Bank
Volume: $750M
Originated $500M so far this year; $750K-$250M loans for luxury investment properties in large MSAs; up to 60% LTV; 10-year term; recourse required
First Bridge Lending
Volume: $450M
Originated $285M so far this year; $10M+ loans for owner-occupied bridge, rentals, fix-and-flips, portfolios; 65% LTV; 8%-8.5% rates; 12-month terms; non-recourse available; CA
Parkview Financial
Volume: $300M
Originated $170M so far this year; $5M-$300M loans for luxury SFRs over $5M; up to 36-month terms; up to 75% LTC; recourse required; rates starting from SOFR+ 650 basis points; nationwide
Parse Capital
Volume: $130M (JV Equity)
Invested $42M of JV equity so far this year; $20M-~$70M JV equity investments for single tax lot, amenitized, 160+ units, primarily detached (50%), rent structure <80% of PITI, also open to townhomes; nationwide
Post Road Group
Volume: $125M
Originated $25M so far this year; $30M-$100M+ loans; for-rent properties only; one- to four-year terms; SOFR+ 600 basis point rates; up to 85% LTC; non-recourse available; nationwide
INCA Capital
Volume: $100M
Originated $54M so far this year; $750K-$20M loans for construction, renovation, rental portfolios, lot development; all must be investment/business purpose; 65%-80% leverage; six- to 24-month terms; 7.5%-9.5% fixed rates; flexible recourse; all of AZ, larger metros of CA, CO, NV, UT
Partners Capital Solutions
Volume: $50M
Originated $26M so far this year; $1M-$12M loans for new construction, fix-and-flips, bridge for SFRs in the West; nine- to 18-month terms with extensions; up to 65% LTV/75% LTC; personal guarantees preferred
BridgeInvest
Volume:$50M
Originated $20M so far this year; $5M-$25M loans for non-owner-occupied properties; 24- to 48-month terms; non-recourse; up to 65% LTV; 600-800 spreads; primary markets in the Central and Eastern U.S.
Applied Bank
Volume: $20M
Originated $10M so far this year; $500K-$6M loans for large tract development, custom spec homes in desirable markets; investment SFRs; 75% LTV; recourse required; DE, Southeast PA, Southern Coastal NJ, Eastern MD
Gelt Financial
Volume: $15M
Originated $10M so far this year; $100K-$5M loans for investment properties nationwide; 65% leverage; one- to five-year terms; 9%-11% rates; recourse and non-recourse available; Southeast, Northeast, Midwest
Vale Capital
Volume: $2M
Originated $600K so far this year; $500K-$10M non-consumer loans for construction, bridge, purchase, cash-out; 12- to 18-month terms; 75% LTV; recourse required; CA
Arbor Realty Trust
Volume: TBD
Originated $681.2M as of August; $1.5M-$100M loans depending on the product; SFRs, build-for-rent, townhomes, row houses, 2- to 4-unit properties; minimum of five units per loan; terms range from 12 months to 10 years depending on loan type; up to 75% LTV, 80% LTC; recourse and non-recourse options; nationwide
Lima One Capital
Volume: TBD
$50K+ loans for all non-owner-occupied SFRs, warrantable condos, short-term rentals; up to 80% LTC; 30-year fixed terms; 30-year fixed, 10/1 and 5/1 ARMs, five-year interest only with 25-year amortization and five-year/10-year balloons; 46 states plus D.C.
Seattle Funding Group
Volume: TBD
$500K-$8M non-consumer bridge and construction loans for spec and investment properties, detached and attached; 12- to 36-month terms; 7.99% start rate; limited recourse; major Western markets
