Loan Types

Property Types (Non-Owner Occupied):

  • Single Family Homes
  • Single Family Home Subdivisions
  • Multi-family & Apartments
  • Office Buildings
  • Retail Buildings
  • Strip Malls

Loan Types:

  • 100% Construction Costs
  • Renovations & Rehabilitation Loans
  • Flips (buy, renovate & sell)
  • New Construction – Residential / Commercial / Retail
  • Additions / Expansion
  • Condominiums & Multi-family Conversions

Loan Parameters:

Borrower Profile: Builders, Flippers, Investors (No Owner Occupants)
Loan Size: $150,000 - $4 Million
Loan Term: Up to Eighteen (18) Months
Lending Areas: AZ, CA, CO, DC, FL, GA, HI, MA, MD, NC, NY, TX, VA, and WA
Interest Rate: as low as 8.49%
Origination Fees: as low as 2 points
Loan To Value: Up To 75% (as renovated/complete value)
Payment: Monthly interest only payments
Closing: 7 Business Days – Subject To Title
Collateral: First Mortgage, Real Estate Only
Credit Requirements: Borrower Friendly, Minimal Criteria
Appraisal: Deal by deal basis
Why work with Downeast?
Loan Types Downeast Private Lending Traditional Hard Money
Loan Size $150,000 to $3 Million $200,000 to $3 Million
Loan Term 6-18 Months 6-12 Months
Loan to Value (LTV) 75% LTV 70% LTV
Down Payment 15-25% 20-30%
Time to Close As little as 7 Days As little as 7 Days
Interest Rates 8.49%-11.5% 12.00-15.00% (Approximately)
Points 2-4 points 2.00-5.00%
Profit Split Options Available Not Available