TDJ Equity Funding Loan Brokers for Businesses and Real Estate Investors
Fix and Flip, Bridge Financing
Fix, Flip and Hold Financing
Obtain fix & flip financing for up to 90% of the purchase price + up to 100% of the renovation
costs
Collateral:
Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes
Term: 12 Months, up to 18 at Lender Discretion
Loan Amount: $100K–$5M
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Costs
(Not to Exceed 75% of the After Repair Value)
Property Value:
“As-Is” Appraised Value Must Be Greater Than $50k
Recourse: Full Recourse Only
Experience:
Prior Real Estate Investing Experience Not Required
But Affects Leverage & Pricing
Bridge Loans Ground-up Construction
Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes
Property Type: Ground Up Construction Residential (1-4 units)
Loan Amount: $100K- $3,500,000
Property Count: 2 max with limited experience 10max with 3+ similar projects
Term Length: 12 to 24 months depending on the project plan
MAX LTC:
Up to 75% of the land value or purchase price/60% if unpermitted, plus 100% of construction
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
MAX Loan to Cost (Total):
85% with limited experience
90% with 3+ similar projects
Max Loan to ARV: 70%
Recourse: Full Recourse Only
Bridge Loans Stabilized Bridge
Non-Owner Occupied 1–4 Family Real Estate; Warrantable Condos; Townhomes/PUD. A short-term, interest-only loan used primarily for purchase or refinance move-in ready ("turnkey") residential properties that do not require rehabilitation
Property Type: Single Family/2-4 Unit/Townhomes/PUD/Warrantable Condos
Loan Amount: Min: $75K-$2M, Max: 1M for SFR, Max: $2M for 2-4 unit
Min Guarantor Fico: Mid-Score of 660
Term Length: 12 months, up to 18 at lender discretion
MAX LTC: 85% of Purchase and 100% of Completed Rehab Costs
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
MAX Loan to Value (As-Is & After Repair): 70%
Min Debt Service Coverage Ratio:
1.10x standard exit DSCR
Recently completed rehabs and builds may qualify for no=minimum DSCR
Recourse: Full Recourse Only
Real Estate Investors Experience
New Investor
Intermediate Investor
Intermediate Investor
Experience: Fix & Flip Financing
Completed 0–2 Flips
or Owned 0–2 Rental
Properties in the Last
3 Years
Intermediate Investor
Intermediate Investor
Intermediate Investor
Experience: Fix & Flip Financing
Completed Between 3 & 10 Flips
or Owned Between 3 & 10 Rental
Properties in the Last 3 Years
Experienced Investor
Intermediate Investor
Experience: Fix & Flip Financing
Owned 10 or More Investment
Properties (Flips and/or Rentals)
in the Last 3 Years
LTV 1
LTV 1
Up to 75% of the Purchase loan
Price + 100% of Renovation
Costs; Not to Exceed 75%
of the After Repair Value
LTV 2
LTV 1
LTV 2
Up to 80% of the Purchase Price Loan
+ 100% of Renovation Costs;
Not to Exceed 75% of the
After Repair Value
LTV 3
LTV 1
LTV 2
Up to 90% of the Purchase Price Loan
+ 100% of Renovation Costs;
Not to Exceed 75% of the
After Repair Value
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