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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, IN, MA, MD, MI, NV, NJ, NC, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA
Loan Amounts
$67,500 to $10,000,000
Interest Rates
4.75% to 11.99%
Loan Terms
12 months to 360 months
Origination Fees
1% to 2%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
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

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

  • Partner Buyout
  • Residential Long-Term Rental

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

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%
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

4.25%

Maximum Interest Rate

9.99%

Minimum Origination Fee

1%

Maximum Origination Fee

5%

Minimum Loan Term

60 months

Maximum Loan Term

120 months

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

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

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

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

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 Testimonials

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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 Loans Secured by Commercial Property

20%

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

Our Team

William Tessar

President

NMLS - 252330

Jack Helfrich

SVP Retail Lending

NMLS - 1099109

Whit McCarthy

SVP Correspondent Lending

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

Get In Touch

Civic Financial Services pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$67,500

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

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