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| Property Types | Self-Storage, Apartment Complexes, Multi-Family, Mixed-Use |
|---|---|
| Loan Amounts | $100K–5MM |
| Interest Rate | Starting at 8.74% |
| Origination Points | Starting at 1% |
| Broker Fee | Up to 1% |
| Evaluation | Appraisal |
| Minimum Credit Score | 650 |
| Included States | All States EXCEPT – IL, ND, NV, MI, MN, SD, VT |
| CLTV | 90% maximum CLTV |
| Loan Type | Acquisition and 30 Year (NO REHAB) |
| Tier | Multi-Family and Mixed-Use 5+ Unit | All Others | |
|---|---|---|---|
| Fixed Term | 30-Year | 30-Year | |
| LTV Max | 75% | 70% | |
| 1 | FICO ≥ 750 | 10.99% | 11.49% |
| 2 | FICO 700–749 | 11.49% | 11.99% |
| 3 | FICO ≥ 650 | 12.24% | 12.74% |
| Loans < $250K | Add 50 bps to the matrix above. |
|---|---|
| Loans > $750K | Reduce rate .50% |
| Experience | First time investor = 5% LTV reduction for all property types |
| Income Verification | Simple documentation |
| Appraisal Process and Fee | Contact your Account Executive to learn about our streamlined process and cost |
| Impounds | Required for property taxes and insurance |
| Foreign Investors | 65% maximum LTV |
| CLTV | 90% maximum CLTV |
| DSCR | 1.2 or higher |
The first part of every successful fix and flip is finding the right real estate property. That’s why we’ve created this easy, 5-point guide to help you find the “sweet spot” deal, which can give you the best chance at making money in real estate, while safeguarding your investment.
At lensz capital we are only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. Therefore our criteria is centered around these 5 points:
It’s the center of everything we do, everything we teach and everything we want for our financial clients and our investors.
Enter the “Circle” anywhere. Enter it as a “newbie” real estate investor, or enter it as an experienced one. You can enter as a borrower or a lender, or even an Internet marketer. We want to explain to you how we can get you traveling along the ‘Circle of Wealth.
We provide borrowers with access to private capital for investing in real estate It’s the ‘Circle of Wealth.’ It’s what we do!
