Finance of America Commercial

Fix & Flip

FACo’s fix and flip loans provide you with a reliable funding source to purchase and rehabilitate new properties.

• Property Types: Residential 1-4 Units
• Loan Amount: $50,000 – $5,000,000
• Maximum LTC: Up to 85% purchase, Up to 100% of rehab
• Max Loan to ARV: 70%
• Term Length: 12 months, Up to 18 at Lender Discretion
• Recourse: Full recourse only

Ground Up Construction Loans

Finance of America Commercial offers ground up construction loan financing that provides builders with a straightforward, common sense lending program.

• Property Types: Residential 1-4 Units
• Loan Amount: $50,000 – $5,000,000
• Maximum Loan to Cost: Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
  • LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
• Maximum Loan to Cost Total: 80%
• Max Loan to ARV: 70%
• Term Length: 12 months, Up to 18 at Lender Discretion
• Recourse: Full recourse only

Multifamily Bridge

Finance of America Commercial is the leader in small balance multifamily investment properties, offering extensive debt solutions through a vertically-integrated national lending platform.

• Property Types: Multifamily 5+ Units
• Loan Amount: $500,000 – $5,000,000
• Loan Types: Interest only, fixed and adjustable rate mortgage options
• Maximum Loan to Stabilized Value: 75%
• Term Length: Up to 24 months + two 6-month extensions

Single Family Rental

Our single family rental loan product is flexible to meet the needs of all experienced real estate investors, allowing you to access long-term financing with support from our team of experts.

• Property Types: Single family, 2-4 unit, townhomes, PUD, warrantable condos
• Loan Amount: $75,000 – $2,000,000
• Loan Types: 30-yr Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
• Term Length: 30 Years
• Minimum Guarantor FICO: Mid-Score of 660

Rental Portfolios

Our rental property loan products are flexible to meet the needs of different rental property investors, allowing you to access long-term financing at a fixed rate for one property or many.

• Property Types: Single family, 2-4 units, townhomes, PUD, warrantable condos
  • 5-8 Unit Properties allowed up to 15% of Loan Amount
• Loan Amount: $150,000 – $50,000,000
• Loan Types : 30-yr Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
• Maximum Loan to Stabilized Value: 75%
• Term Length: 5, 10 & 30 Years

Multifamily Term

Our suite of rental loan products includes expanded multifamily and larger units, financed and underwritten with our common sense and flexible guidelines.

• Property Types: 5-8 Unit Residential Properties
• Loan Amount: $250,000 – $3,000,000
• Max LTV:
  • Purchase/Rate-Term Refinance: 70%
  • Cashout Refinance: 70%
• Term Length: 30 Years

Stabilized Bridge Purchase

For borrowers who are seeking a quick close bridge loan to purchase rental properties that do not need renovations

Max LTC
Subject to LTV Limits
85% if qualifying FICO ≥ 720
80% if qualifying FICO 700 – 719
70% if qualifying FICO 660 – 699

Max LTV
Subject to LTC Limits
70% if qualifying FICO ≥ 700
65% if qualifying FICO 680 – 699
60% if qualifying FICO 660 – 679

Minimum DSCR
Minimum in place DSCR of 1.00 based on IO bridge loan payment.
Minimum exit DSCR of 1.20 based on 30yr FRM and current Haus rate + 50 bp.

Stabilized Bridge Seasoned Refinance

For borrowers with rent-ready properties that have been owned for more than 12 months, do not have deferred maintenance, and are looking for cash out (value based underwrite)

Max LTV

• Rate/Term Refinance
  70% if qualifying FICO ≥ 700
  65% if qualifying FICO 680 – 699
  60% if qualifying FICO 660 – 679
• Cash Out
  70% if qualifying FICO ≥ 720
  65% if qualifying FICO 700 – 719
  60% if qualifying FICO 680 – 699
  60% if qualifying FICO 660 – 679

Minimum DSCR
Minimum in place DSCR of 1.00 based on IO bridge loan payment.
Minimum exit DSCR of 1.20 based on 30yr FRM and current Roc rate + 50 bp

Stabilized Bridge Non-Seasoned Refinance

For borrowers with rent-ready properties that have been owned for less than 12 months and do not have deferred maintenance.

Max LTC
Subject to LTV Limits
85% +100% of completed renovations if qualifying FICO >=720
80% +100% of completed renovations if qualifying FICO 700-719
70% +100% of completed renovations if qualifying FICO 660-699

Max LTV
Subject to LTC Limits
70% if qualifying FICO ≥ 700
65% if qualifying FICO 680 – 699
60% if qualifying FICO 660 – 679

Cash Out Allowed
Follow LTC guidelines

Minimum DSCR
Minimum in place DSCR of 1.00 based on IO bridge loan payment.
Minimum exit DSCR of 1.20 based on 30yr FRM and current Roc rate + 50 bp

Leverage advertised is the highest offered. Actual leverage and offers may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, etc.