SPECIALIZED PRODUCTS | STRAIGHTFORWARD TERMS | EXCEPTIONAL SERVICE

CIVIC specializes in the purchasing or refinancing of non-owner occupied residential properties. Civic provides Mortgage Brokers, Borrowers, Investors, and Real Estate Agents with funding for Investment property acquisition and refinancing. We use our own institutional capital to provide business purpose loans for clients that seek to:

  • Fix & Flip
  • Buy & Hold
  • Rate & Term
  • Cash Out Refinance
  • Bridge Financing

With a specialized set of market competitive products, CIVIC makes possible the ability to acquire multiple properties and gives investors leverage over their cash position.

Property Geographic Area Details

AZ, CA, CO, DC, FL, GA, HI, ID, IL, MD, NV, NJ, NC, OR, PA, SC, TN, TX, UT, VA, WA

Loan Amounts

$75,000 to $10,000,000

Interest Rates

6.25% to 11.99%

Max Loan-To-Value

80%

Max Loan-To-Cost

90%

Origination Fees

1% to 2%

Loan Terms

12 months to 360 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
Minimum Occupancy Percentage

0%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Manufactured Home
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental
  • Partner Buyout

Purchase Loan

Max Loan-To-Purchase Price

90%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

75.00%

Residential Long-Term Rental

CIVIC offers 3 term options for rental loans: 5 years (5/1 ARM), 7 years (7/1 ARM) and 10 years (10/1 ARM).

Minimum Loan Amount

$75,000

Maximum Loan Amount

$10,000,000

Minimum Interest Rate

6.25%

Maximum Interest Rate

9.99%

Minimum Origination Fee

1%

Maximum Origination Fee

5%

Minimum Loan Term

60 months

Maximum Loan Term

120 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

89%

Minimum Debt Service Coverage Ratio

0.99

Will Lend on a Portfolio of Rentals

Yes

Minimum Number of Properties

1

Maximum Number of Properties

9

Minimum Property Value

$75,000

Maximum Property Value

$10,000,000

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

yes

Required Interest Payments: 1 year: NONE, 2 year: 8 months

Will lend to a foreign national

yes

Foreign National Required Docs: 1. Passport. 2. ITIN/EIN Number. 3. Funds must be in US Account

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrowers with JV equity from outside investors okay.

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA

Documentation Required

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

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Credit Check Description

No minimum credit score required

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Processing Fee

$1,195

Inspection Fee

$320 for BPO (only upfront cost)

Extension Fee

1 point on the original loan amount

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Inspection Fee

Fees which are charged upfront prior to loan closing

  • Inspection Fee

Legal Disclaimer

This is not a commitment to lend. Restrictions may apply. LTV limit is based on current, accurate appraised value. Civic Financial Services, LLC reserves the right to amend rates and guidelines. All loans are made in compliance with Federal, State, and Local laws. Civic Financial Services, LLC is a California Finance Lender under NMLS 1099109 and the California Department of Financial Protection and Innovation License #603L321, AZ Mortgage Broker License #0928633, FL Mortgage Lender Servicer License #MLD1536, ID Mortgage Broker/Lender License #MBL-9610, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, UT DRE Mortgage Entity License #10570639. Civic Financial Services, LLC is an equal opportunity lender.

CIVIC Financial Services is a private money lending group specializing in the financing of residential investment properties. CIVIC provides mortgage brokers, investors, and real estate agents with a mortgage lending solution for investment property acquisition and refinance transactions. We are a DIRECT lender and fully control the transaction process from start to finish to allow for quick closings.

License

NMLS 1099109, CFL 603L321

Company Size (Number of Employees)

310

Year Established

2015

Associations

  • American Association of Private Lenders

Office Locations

Civic HQ
2015 Manhattan Beach Boulevard, Suite 106, Redondo Beach, California 90278

Orange County Office
18650 MacArthur Blvd, Suite 250 , Irvine, California 92612

Nevada Office
2320 Potosi St, Suite 110, Las Vegas, Nevada 89146

Arizona Office
2425 E Camelback Rd, Suite 04-106, Phoenix, Arizona 85016

Calabasas Office
24025 Park Sorrento, Suite 260, Calabasas, California 91302

Northern California Office
655 Montgomery St, 6th Floor , San Francisco, California 94111

Florida Office
100 SE 3rd Avenue, Floor 10, Fort Lauderdale, Florida 33394

Oregon Office
920 SW 6th Ave, Portland, Oregon 97204

Texas Office
5960 Berkshire Ln, 6th Floor, Dallas, Texas 75225

North Carolina Office
2137 South Boulevard 3rd Suite 300, Charlotte, North Carolina 28203

Washington State Office
550 Kirkland Way #404, Kirkland, Washington 98033

Colorado Office
1700 Lincoln Street, Unit 17-133, Denver, Colorado 80203

Charlotte Office
2137 South Blvd Suite 300, Charlotte, NC 28203

Nashville Office
209 10th Ave S, Suite 560, Nashville, TN 37203

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Bank Credit Line

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Percentage of Residential Property Loans Which are Fix and Flip

75%

Percentage of Residential Property Loans Which are Buy and Hold

25%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

25%

Total Number of Loans Funded to Date

10000

Total Loan Volume Funded to Date

$6,000,000,000

2019 Loan Volume Funded

$1,200,000,000

William Tessar

President

License Information
NMLS - 252330

Jack Helfrich

SVP Retail Lending

License Information
NMLS - 1099109

Whit McCarthy

SVP Correspondent Lending

License Information
NMLS - 1685511

Merced Cohen

Director of Operations

Matt Flores

Senior Director of Marketing

Gina Comeaux

Director of Communications

Kaitlin O'Reilly

Director of Strategy & Business Development

Sophie Kim

Director of People & Culture

Closed on time and my rep is always available for me. Sending all my files to Civic.

Christopher W.

October, 2020

Civic is very responsive to client needs with clear communication of lending programs available based on what has been presented. They are a pleasure to work with.

Norman M.

October, 2020

I have closed multiple deals with Civic and it's always a pleasure. As a broker, Civic is a breeze to work with and I enjoy doing business with them. I will continue to use their service for as often as I can.

Isabelle M

September, 2020

The team helped me in every way possible to close on the loan. They went above and beyond and were also going up against an aggressive schedule/deadline. I have already recommended CIVIC to others.

Sheila M

September, 2020

The process was smooth and completed in the timeframe and with same terms described at application. Questions were answered quickly and overall communication was good throughout transaction.

Thomas S.

September, 2020

Giving this company a 10 rating as all the employees were friendly and responsive when I emailed and called for updates on the process of the loan.

Michael S.

September, 2020

As a broker, communication is key and the team at Civic provides open lines of communication and they always respond in a quick, timely manner. They support every step of the process and make for a stress-free process.

John O.

September, 2020

They understood the numbers, saw the opportunity and closed quickly. First of many deals we hope to do with Civic.

Christopher O.

September, 2020

Service was great. The entire team was responsive and accurate. The procedure was transparent and communication was never a problem. I also liked the reasonably priced valuation.

JR S.

September, 2020

Great response time and a courteous staff that know their products. They give you the information you need to make it happen.

Brandon M.

August, 2020

Before You Contact Us

Our Minimum Loan Amount Is

$75,000

What We Do

  • Bridge, Fix & Flip, Long-Term Rental Loans
  • Residential & Multifamily Properties
  • LTV up to 80%
  • 20%+ Cash Required for Flips

Not Available

  • NO Owner-Occupied Homes
  • NO 100% Financing
  • NO Gap Funding or 2nd's
  • NO Rural Areas

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

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

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

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

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

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

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$
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how will the loan be paid off?

acres

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