Loan Programs

Our Fix and Flip Bridge Loan Program

We offer Fix and Flip bridge loans to qualified investors ranging in size from $50,000 to $10,000,000 and we have the flexibility to tailor our offerings to your needs.

Bridge Loan Program Details

Fix to Flip, Fix to Rent, Ground Up Construction Loans
Non-Owner Occupant
Personal Guarantees from Controlling Principals/Sponsors; Select Non-Recourse
First Lien Position
Single Family Homes, Condominiums and Multifamily Apartments
Loan Amount - $75,000 to $10,000,000
Interest Rates - Starting at 10.50%
Interest Only Payments

Loan Term - 12 to 24 Months, Prepayable
Corporate Entity Borrowers (LLCs, corporations, limited partnerships, etc.) or Individuals
Loan Advance - Up to 90% of Purchase Costs (Purchase Price + Closing Costs), Up to 100% of Rehab Budget
Loan to Value - Up to 70% of After Repaired Value
Single or Multiple Draw Loans to Meet Client's Needs
Experience Preferred but Not Required
Minimum Credit Score - 600
Close In As Few As 5 business days

Our DSCR Rental Loan Program

We offer fixed rate loans to qualified investors on one to four unit rental properties with corporate entity borrowers or individuals.

Rental Loan Program Details

Acquisition, Rate and Term Refinance, and Cash Out Refinance Loans
Non-Owner Occupied, Rent Ready Properties
Corporate Entity Borrowers (LLCs, corporations, LPs, etc.) or Individuals
Single Family Homes, Condominiums, 2-4 Unit Multifamily
Loan Amount - $75,000 to $2,500,000+
Interest Rates - Starting at 6.5%
Loan Term - 30 Years (3, 5, 7, 10 Years Available)
Amortization - 30 Years or Interest Only
Interest Only Payments up to 10 years

Variable Prepayment Options
First Lien Position
Loan Advance - Up to 80% of Purchase Costs (Purchase Price + Closing Costs)
Loan to Value - Up to 80% of As Is Value for Acquisitions, 80% for Refinance
Experience Preferred but Not Required
No Income Verification Needed
Minimum Credit Score - 660
Loans Sized Using LTV, LTC, and DSCR to Meet Your Needs

Our Multifamily Bridge Loan Program

We offer bridge loans to experienced investors for the acquisition and/or repositioning of Value-Add Multifamily Properties. We have the creativity to structure our loans to support your specific business plan.

Multifamily Bridge Loan Program Details

Loan Amount - $500,000 to $30,000,000
Non-Owner Occupant
Non-Recourse Available
First Lien Position
Multifamily Apartments
Interest Rates - Starting at 9.99%
Interest Only Payment
Loan Term - 12 to 36 Months

Prepayment Fees - 6 Months Minimum
Corporate Entity Borrowers (LLCs, corporations, LPs, etc.)
Loan Advance - Up to 75% of Purchase Cost
Loan to Value - Up to [75%
Appraisal Waivers Available Below $15 Million
Multifamily Experience Required
Closings Typically Less Than 30 days

Our DSCR Portfolio Loan Program

We offer fixed rate loans to qualified investors on one to four unit rental properties with corporate entity borrowers or individuals.

Rental Loan Program Details

Acquisition, Rate and Term Refinance, and Cash Out Refinance Loans
Non-Owner Occupied, Rent Ready Properties
Corporate Entity Borrowers (LLCs, corporations, LPs, etc.) or Individuals
Single Family Homes, Condominiums, 2-4 Unit Multifamily
Loan Amount - $100,000 to $10,000,000
Interest Rates - Starting at 6.5%
Loan Term - 30 Years (3, 5, 7, 10 Years Available)
Amortization - 30 Years or Interest Only
Interest Only Available: Up to 10 Years

Variable Prepayment Options
First Lien Position
Loan Advance - Up to 80% of Purchase Costs (Purchase Price + Closing Costs)
Loan to Value - Up to 80% of As Is Value for Acquisitions, 80% for Refinance
Select Non-Recourse Options Available
Complex Ownership Structures Considered
Minimum Credit Score - 660
Loans Sized Using LTV, LTC, and DSCR to Meet Your Needs

Where We Lend

Foundation currently lends on residential properties in Alabama, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

Foundation CREF LLC is not currently licensed in AZ, ID, MN, ND, NV, OR, SD, UT or VT. Foundation CREF LLC is licensed or exempt from licensing in all other states. Foundation CREF LLC lends in California under Department of Real Estate License No. 01198993. Your annual percentage rate may be increased after the fixed-rate period expires. Loans are subject to additional underwriting criteria.

Recent Closings