Loan Guidelines

Basic Terms

  • Loan Amount
    $50,000 to $3,000,000 (Higher loan amounts considered on a case-by-case basis)
  • Use of Funds
    Purchases, Rate & Term Refinance, Cash Out Refinance
  • Loan-to-Value (LTV)
    Up to 75% on purchases and 70% on refinances, 30-50% on land
  • Closing
    1 to 2 weeks from complete package to close
  • Position
    1st position loans are preferred (2nds are considered on a case-by-case basis)
  • Term
    6 months to 2 years (Longer term considered on a case-by-case basis)
  • Rates & Fees
    Usually 9-12% interest-only; 2-4 points

Property Types

  • Eligible Property Types
    All types, focus on single family homes, small multi-family, office buildings, small commercial properties, mixed-use and land
  • Location
    California (Specialize in the San Francisco Bay Area)

Borrower Requirements

  • Occupancy
    Non-owner or owner for commercial property
  • Credit
    No minimum FICO

For more information on rates and fee, please refer to our Rate Sheet.

*Typical guidelines used. All loans, guidelines, terms and fees are at the discretion of Red Tower Capital and are subject to change.