Business Purpose Residential Loan Program
A Business Purpose Residential Loan is specifically made for a business purpose and not a consumer purpose. Typically, seasoned real estate investors leverage non-owner occupied properties (SFR or 1-4 units) as collateral for business expansion – whether it be acquiring additional real estate, restructuring debt settlements, divorce, partner buyouts, or other non-real estate based business ventures.
Beyond collateralizing a single property, it could be beneficial to cross-collateralize multiple properties to maximize loan amounts and consolidate debt into a single note.
- Loan amounts from $1,000,000+
- Up to 80% LTV (Purchase), Up to 75% LTV (Refinance)
- Starting at 7.99% and 2 points
- 6-24 Months
- FICO 600+