Roc Capital

Basic information

QM program

N/A

Loss payee

Loan Funder LLC, c/o Superior Loan Servicing, ISAOA/ATIMA 7525 Topanga Canyon Blvd. Canoga Park CA 91303-1214

CPL or subordinate clause

Loan Funder LLC, Series __, its successors and/or assigns ATIMA, 645 Madison Avenue, 19th Floor, New York, NY 10022

Lock policies & fees

Lock policies

Lock extension

15 days on DSCR, once the loan is agreed, after 15 days the loan will be repriced. On Bridge loans, typically 30 days.

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

1-4 unit ground up construction, F+F and stabilized bridge

• Fix and Flip Loans
• Ground Up Financing
• Stabilized Bridge Loans
• Single Property Rental and Rental Portfolio Loan Options

Lender's overlays

DSCR OVERLAY

Experienced investors w/credit >700, eleigible up to 75% Cash out

BRIDGE OVERLAY

Ground Up Construction- No First timers, unless the borrower has heavy/extensive rehab experience. Credit >=680

Stabilized Bridge: Up to 75% for good credit, tier 3 borrowers, non luxury property

Fix and Flip Credit >660, lower credit subject to additional interest brought to close. >720 first timer eligible up to 85% 

Experience	Tier 1	Tier 2	Tier 3	Tier 4	Tier 5
Experience Req	0	1-2 properties	3-4	5-9	10+
Light	Y	Y	Y	Y	Y
Moderate		Y	Y	Y	Y
Heavy		Y	Y	Y	Y
Extensive			Y	Y	Y
Max LTC	75% up to 85%	80%	85%	90%	90%
Max ARLTV	70%	70%	75%	75%	75%

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

1

Reviews