SFR Portfolio Guidance Line Parameters
- $5,000,000 - $15,000,000 with a minimum of $1,000,000 initial advance
- Each subsequent advance having a minimum of $500,000
- Facility available for 3 years with each Advance on facility having its own maturity up to 2 years plus extensions
- Interest only
- Minimum of 3 properties per advance
- 1% origination fee charged only when utilized with fees declining with successive “turns” on the Facility
- LTV: 80% As- Is LTV, 90% LTC, 65% ARV LTV
- No prepayment penalty
- Draw up to 100% of renovation costs
- Minimum occupancy of 0% at close and 90% by Maturity
- Net worth: Liquid: 10% of full advance amount – Net Worth: 40% of full advance amount
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