It varies, but typically hinges on on the project and situation, and can be flexible depending on your circumstances. To reiterate previous FAQ answers, the best thing about being a private lender is having this kind of discretion and freedom with our lending decisions.
We have general policies in place, although we have the flexibility to bend, break, or change our own guidelines for situations where we feel it is warranted. Our general guidelines are as follows:
We will loan up to 80% of the purchase and rehab costs on houses or commercial properties for the purpose of flips, cash outs, or income;
We will loan up to 75% of the total cost on residential or commercial new construction;
And we will loan up to 60% of the purchase and infrastructure costs on land developments.
You can click here to learn more about our loan programs.