NEO Innovative

What do our loans look like?

Bridge Loans

Bridge Loans

Bridge Loans

12 Month Loan
Interest Only Payments
No Prepayment Penalty
Non-Dutch Interest (Don't Accrue Interest Day 1, only accrue interest on rehab as you pull on it, saves money this way compared to most lenders charging interest on the total loan day 1)
85-95% Loan to Cost Depending on Experience up to 75% of ARV.
10-12% Interest Depending on Experience
0-1 flips or rentals - 12%
2 flips or rentals - 11%
3-9 flips or rentals - 10.5%
10+ flips or rentals - 10%
2 Points Origination
No Appraisal under 650K Loan Amount
Close in 5-10 days
Soft Credit pull every 6 months, not every deal, soft pulls do not report to credit bureaus

DSCR Terms

Bridge Loans

Bridge Loans

30 year Fixed
3 months PITI reserves required
80% LTV (Rate and Term) // 75% LTV (Cash-out Refi) – Based on Appraised Value
70-80% LTV (Purchase Loans) – Based on Appraised Value
Rates as Low as 6.8% APR Depending on Experience and Asset Class
2 Points Origination
Close in 30 days
Foreign Nationals up to 65% LTV Purchase/Cash-out Refi
Mixed Use, 5+ Unit and Retail products available
INTERESTED IN NO SEASONING REFINANCING AND HIGHER LTV ON YOUR CASH OUT? ASK US ABOUT OUR CASH AS COLLATERAL PROGRAM!