Asset Based Loans
The Stronghill asset based loan program is designed for real estate investment properties where the loan repayment is primarily secured by equity in the property and does not rely on the property’s current cash flow.
The Stronghill Asset Based loan program is geared toward borrowers that may not otherwise qualify for loans on their property due to self-employment, no experience renting property, poor credit, foreign nationality, or any other borrower related reason.
Loan Program Details
|Loan Size||$300,000 – $5,000,000|
|LTV Max / DSCR Min||70% / 1.10x Globally|
|Rate Adjustments||Fixed Term, Credit Score, Loan Size, Market Size|
|Amortization / Term||3, 5-Year Fixed Rate/Term, 20-Year Amortization|
|Prepayment Premiums||2-Year Lock Out|
|Property Types||Investor Single Family Residential, Multi- Family, Retail, Light Industrial, Office, Self Storage, Warehouse, Commercial Condo, Flex Space. Limited Special Purpose|
|Borrower Types||Individuals, Corporations, LLCs, Foreign Nationals. (Some loans require single entity LLC)|
|Minimum Credit Score||500|