Inspire Business Capital

Basic information

QM program

N/A

Loss payee

N/A

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

1. Products Offered:
1. 1-4 family/SFR, multifamily to 8 units:  Fixed Rate, fully-amortizing 30-year permanent

                     i. 75% maximum LTV  | 90% maximum CLTV (2^nd must be at least 36 months to maturity)

                     ii.      65% maximum LTV for foreign investors

                     iii.      5,4,3,2,1 prepayment penalty, or buy out last 4 years for 1.5% fee

1. Commercial:  Fixed Rate, fully-amortizing 30-year permanent

                      i.      70% maximum LTV  |  90% maximum CLTV (2^nd must be at least 36 months to maturity)

                      ii.      5,4,3,2,1 prepayment penalty, or buy out last 4 years for 1.5% fee

1. ARV (fix/flip) bridge loan:  available on SFR, 1-4, multifamily only

                       i.      Tiered acquisition LTV from 70-90%  |  Tiered renovation budget LTV from 70-100%

                        ii.      1 year term

1. SBA 7a and 504 loan programs through large U.S non-bank

Additional Programs offered as agent also include Private Equity considerations, Equipment and/or CAPEX finance and/or recapitalization, Hard Money Bridge

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

5

CTC conditions review (days)

2

Initial CD (days)

3

Reviews