Loan Types

Property Types (Non-Owner Occupied):

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

Property Types (Non-Owner Occupied):

Loan Types:

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

Loan Types:

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

Loan Parameters:

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