Direct Lender for DMV Real Estate Investors

Clear Sky Financial is a true asset-based hard money lender for residential property investors in the Washington DC metro area. Here are some of the loan types we consider and benefits of working with us:

Fix & Flip / Buy & Hold / Bridge Loans / Cross Collateral / Transactional Funding

  • CSF Lends Strictly on After-Repair Value
  • No Credit Check, No Application, No Income Check
  • Pre Draws for Rehab Projects
  • Utilize our Contractor Network
  • 1-page term sheet – sign and return
  • Close in 24 hours provided title work is done
  • Transactional Funding available for wholesalers
Property Geographic Area Details
Washington DC, Maryland, Virginia, North Carolina
Loan Amounts
$100,000 to $1,500,000
Interest Rates
12% to 15%
Loan Terms
6 months to 12 months
Origination Fees
3% to 5%
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
Property Occupancy
  • Vacant

Fix/Flip or Renovate

  • 12% to 16% Interest Rate
  •  2 to 5 Points
  • Up to 75% ARV
  • 80% to 90% LTC
  • Renovation / Draw Fees
  • Loan Term up to 1 year

Buy/Hold

  • 12% to 15% Interest Rate
  •  2 to 4 Points
  • 70% to 75% ARV
  • 80% to 90% LTC
  • Loan Term up to 1 year

Bridge/Multi-Collateral

  • 12% to 15% Interest Rate
  •  2 to 5 Points
  • Up to 70% LTV
  • Multiple Asset Types
  • Loan Term up to 6 months

Property Types

  • 2-4 Units Residential
  • Condominium
  • Industrial
  • Mobile Home Park
  • Multifamily
  • Single Family Residence

Loan Types

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

Specialty Loan Types

  • Note Purchase

Max Loan-to-Purchase Price

85%

Borrower Must Have Property Under Contract

yes

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
  • Gap Lender
  • Crowdfunding
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

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

1

Maximum After Repair Value

70.00%

Renovation Construction Draw Fee

$250 per draw + inspection

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

1

Payment Structure
  • Interest Only
Pre Payment Penalty

no

Will lend to a foreign national

no

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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA
Personal Guaranty (Recourse) Required
Never
Credit Check Required

no

Appraisal Required for Residential Property

Never

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Always

Get In Touch

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Clear Sky Financial (CSF) was established in 2013.  CSF is a true asset based lender in Washington DC, MD, VA and parts of NC. CSF has many repeat borrowers. The founders of CSF have fixed/flipped over 350 houses since 2005.  Borrowers like using CSF because of the extensive knowledge in the fix/flip space.  CSF does PRE-DRAWS on their Fix/Flip/Renovate product.  This is very popular!!

Company Size (Number of Employees)

5

Year Established

2013

Associations

  • American Association of Private Lenders

Office Locations

9406 Jackson Street, Burke, Virginia 22015

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Bank Credit Line
  • Friends & Family
Alternative Capital Sources
  • Own Funds
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

95%

Total Loan Volume Funded to Date

$100,000,000

Our Team

Charlie Einsmann

Sam Jacknin

Get In Touch

Clear Sky Financial 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
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