Basic Lending Parameters

  • Up to 80% LTV (up to 90% LTP if property is being purchased under market value)
  • Up to 100% Rehab Financing
  • Non-owner Occupied Properties
  • 5-10 Business Days to Close
  • Stated Income (No Pay Stubs, Tax Returns, W-2s)
  • We Lend to Individuals and Entities
  • Minimum Loan Amount: $100k to $7MM Max
  • No Minimum FICO Requirement
  • 1-4 Year Options
  • Interest Starting At 8.50%
  • First Position Only
  • AZ, CA, WA, FL, OR, TX, CO, HI, NV, TN, UT, NC, SC, GA*
  • Residential Investment Properties (SFRs, Condos, Townhomes, 2-8 Units)
  • Multifamily Properties (up to 50 units)
  • We Do Not Finance Owner Occupied Properties*GA Financing on 1-4 Units, Loans to Entities Only

Loan Amounts

$100,000 to $8,000,000

Interest Rates

8.50% to 11.25%

Max Loan-To-Value

80.00%

Max Loan-To-Cost

90.00%

Origination Fees

1% to 5%

Loan Terms

12 months to 48 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%

Property Geographic Area Details

We lend in 14 states: AZ, CA, WA, FL, OR, TX, CO, HI, NV, TN, UT, NC, SC, GA

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

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

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • Partner Buyout

Purchase Loan

Max LTC on Purchase Price

90.00%

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
  • 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

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

2

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. 4 year: 18 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

yes

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation

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

$295 for BPO (only upfront cost)

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

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 DBO License #603L321, AZ Mortgage Broker License #092863, CO Mortgage Company Registration, ID Mortgage Broker/Lender License #MBL-8288, FL Mortgage Lender Servicer License #MLD1536, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, TN Mortgage License #136082, UT DRE Mortgage Entity License #10570639, WA Consumer Loan Company License #CL-1099109. Civic Financial Services, LLC is an equal opportunity lender.

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

Licence

NMLS ID #1099109, CFL #603L321

Established

2015

Office Locations

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

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

80%

Percentage of Residential Property Loans Which are Buy and Hold

20%

Percentage of Residential Property Loans Which are Owner-Occupied

0%

Percentage of Loans Secured by Land

0%

Percentage of Loans Secured by a Business (not real estate)

0%

Matthew Marky

Senior Account Executive

Direct Private Money Lender / Investment Financing Specialist - Providing financing for investors, mortgage brokers, and realtors!

Loan Request

This information is about yourself, not the subject property.

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