Citadel Servicing is the Nation’s premier Non-Prime Lender. We focus on borrowers who don’t fit the traditional mold of Conventional or FHA lending guidelines. At Citadel we realize not everyone has perfect credit and we understand life happens. Additionally, not everyone can document their income in the narrow definition that government loans allow. Citadel allows borrowers with a rougher than usual credit history to qualify for loans with terms that are fair and meet government lending criteria for ability-to-repay and government fee limitations.

Here are some of our guidelines:

  • Loan Amounts: $100,000 to $5,000,000
  • Lending Areas: AL, CA, CT, CO, DC, FL, GA, IL, KS, MD, MT, NC, NJ, OR, PA, SC, TN, VA, WA, WI
  • Loan Types: Purchase, Refinance, Equity Cash Out
  • Property Types: 1-4 units Residential, mixed-use and up to 35 units
  • LTV (loan-to-value):  Up to 90% for owner-occupied, up to 75% for investment property
  • Interest Rates: 4.625% to 9.25% *
  • Origination Fee: 1 to 2.5 points
  • Loan Term: 60 to 360 months
  • Lien Position: 1st only

Owner-Occupied Home Refinance or Purchase

  • Loan Amounts: Up to $5,000,000
  • Credit Score: 500 and below OK
  • DTI (debt-to-income ratio): 50% maximum
  • LTV (loan-to-value): Up to 90%, no mortgage insurance
  • No Foreclosure, Short Sale or BK Seasoning
  • Two years from Short Sale to 90% LTV
  • One year from Short Sale to 85% LTV
  • Bank Statements for Income to 90% LTV
  • ATR-In-Full & Asset Depletion No Income
  • One Month Bank Statement Program
  • VOE only Program for W2 borrowers
  • 1yr Income programs

Non-Owner Occupied Refinance or Purchase

  • Loan Amounts: Up to $5,000,000
  • Loan Purpose: Investment or business
  • LTV (loan-to-value): Up to 75%
  • Stated Income
  • No Reserves
  • Interest Only payment available
  • No Pre Payment Penalties
  • Foreign Nation Lending programs STATED
  • Non-Owner Business purpose loans (No TRID)

* Interest Rates and Fees

  • Scenario 1
    • Rate 4.875%
    • Loan Amount $200,000
    • Amortized of 30 Years
    • Fees $3195.00 (1 point + $1195.00)
    • APR – 5.016%
  • Scenario 2
    • Rate 9.25%
    • Loan Amount $200,000
    • Amortized of 30 Years
    • Fees $4,195.00 (2 point + $1,195.00)
    • APR – 9.492%

Property Geographic Area Details

We lend in 21 states: CA, CO, CT, DC, FL, GA, IL, IN, KS, MI, MN, MT, NJ, NC, OR, PA, TN, UT, VA, WA, WI

Loan Amounts

$100,000 to $5,000,000

Interest Rates

4.625% to 9.25%

Max Loan-To-Value


Max Loan-To-Cost


Origination Fees

1% to 2.5%

Loan Terms

60 months to 360 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Primary Residence Purchase
  • Personal Use

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial
  • Owner Occupied Residential
Minimum Occupancy Percentage


Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Bed and Breakfast
  • Condominium
  • Manufactured Home
  • Mixed-Use
  • Multifamily
  • Single Family Residence

Loan Types

    Specialty Loan Types

    • Residential Long-Term Rental
    • Residential Non-Prime

    Purchase Loan

    Max Loan-To-Purchase Price


    Borrower Must Have Property Under Contract


    Will Provide Proof of Funds Letter


    Will Consider Lending on Purchase from Auction


    Allowed Source of Borrower’s Equity

    • Own Cash
    • Seller Financing
    • Family

    Details and Requirements

    Typical Closing Time (Days)


    Fastest Closing Time (Days)


    Works With

    • Brokers
    • Borrowers

    Payment Structure

    • Interest Only
    • Amortized

    Pre Payment Penalty


    Will lend to a foreign national


    • Up to $5 mil loan amounts • 2nd home & non-owner occupied 1 - 35 unit properties • No income verification • No reserves • 75% LTV • Passport only to qualify • International credit report or letter of good standing with current financial institution • No pre-payment penalties • 5yr & 7yr ARM - 30 year amortized payment • Interest only available

    Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage


    Will Consider Collateralizing Multiple Properties in One Loan


    Will Consider Equity Joint Venture


    Borrower Entity Types Considered

    • Individual(s)
    • LLC
    • Trust

    Documentation Required

    • Credit Report
    • Tax Returns
    • Bank Statements
    • Financial Statements
    • Loan Application

    Personal Guaranty (Recourse) Required


    Credit Check Required


    Minimum Credit Score Required


    Credit Check Description

    Will entertain credit scores under 500 with Sr. management approval

    Appraisal Required for Residential Property


    Broker Price Opinion (BPO) Accepted for Residential Property



    Underwriting Fee

    $995.00 to $1,295.00

    Fees which are charged upfront prior to loan closing

    • Appraisal Fee

    Fees which are paid to a third party company

    • Appraisal Fee

    Legal Disclaimer

    Citadel Servicing Corporation is licensed through the California Bureau of Real Estate (BRE) and the Department of Business Oversight (DBO). BRE license #01799059, NMLS ID #144549, DBO license #41DBO-74196

    Citadel Servicing Corporation is licensed by the National Mortgage Licensing System & Registry (“NMLS”) including 38 states nationwide. We specialize in Non-Prime loans for residential properties on both an owner occupied and non-owner occupied basis. We have a range of products and services geared toward helping people with their purchase and investment goals. Our products include fixed and adjustable rate mortgages (ARMs).

    Citadel Servicing Corporation (“CSC”) was formed in 2003 as a sister company to First Street Financial, Inc. (“FSFI”). FSFI was a top 20 subprime originator and top three hard money originator by volume through 2007. FSFI ceased operations and was shuttered in June of that year. CSC continued to thrive and in September 2007 partnered with a distressed asset fund purchasing whole loans on the scratch and dent secondary market.


    NMLS ID #144549, CalDRE #01799059, CA CBO #41DBO-74196

    Year Established


    Office Locations

    15707 Rockfield Boulevard, Suite 320, Irvine, California 92603

    Primary Capital Source

    • Own Funds

    Alternative Capital Sources

    • Debt Fund We Manage
    • Other Private Lending Companies
    • Private Equity Funds
    • Hedge Funds

    Loan Structure for Majority of Loans

    • Own Balance Sheet

    Company’s Other Business Activities Besides Private Mortgage Lending

    • Commercial Mortgage Banking
    • Residential Mortgage Banking

    Percentage of Loans Secured by Residential Property


    Percentage of Residential Property Loans Which are Owner-Occupied


    Loan Request

    Short Description of your Loan Request or Property Address

    This information is about yourself, not the subject property.


    At the end of the form you can enter the additional properties.

    (temp use, storage, billboard, parking, etc.)


    If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.


    (temp use, storage, billboard, parking, etc.)


    If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.


    how will the loan be paid off?


    Add links to photos here.


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    Add links to documents, photos, etc.