Finance of America Commercial

Basic information

QM program

N/A

Loss payee

Depends on loan

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

1 day : 0.020 3 day : 0.050 5 day : 0.125 10 day : 0.200 15 day: 0.300

Relock

Relock: 0.30 + Worse Case

Lock & Shop

No

Lender's niche & overlays

Lender's niche

DSCR, Short Term fixnflip, Bridge, and New Construction!

We provide soft pull $19 and hard pull $29.90

Lender's overlays

When borrower is looking for a rehab loan. Find out what the experience of the borrower within the past 3yrs.

Borrower needs to have experience with ground-up construction.

DSCR: We debit service the property as low as 1.1%

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

10

Initial CD (days)

0

Reviews