Firstloans Inc
First Loans Capital is a Brooklyn-based real estate investment lender serving property investors with fix-and-flip, commercial bridge, DSCR rental, and ground-up construction loans. Programs cover residential and select commercial/multifamily properties, with loan amounts reaching $25 million.
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Firstloans Inc’s Lending Activity
Data Provided By Elementix
12mo Loan Volume
$61,951,089
12mo Loan Count
217
Total Loan Volume
$728,207,818
Average Loan Size
$424,116
Loan Count by State (Past 12 Months)
NJ: 145, NY: 23, CT: 24, PA: 14, DE: 4, MD: 2, OH: 2, FL: 1, IN: 1, MI: 1
Company Quick Facts
- Headquarters: Brooklyn, New York
- Principal: Aaron Spielman
- Company Type: Real estate investment lender
- Primary Customers: Real estate investors
- Loan Types: Fix & Flip Loans, Commercial Bridge Loans, DSCR Rental Loans, Ground-Up Construction Loans
- Property Types: Single-Family Residences, 2–4 Unit Properties, Townhomes, PUDs, Warrantable Condominiums, Select Mixed-Use and Multifamily Properties
- Fix & Flip Loan Amounts: $50,000 to $25,000,000
- Fix & Flip Leverage: Up to 90% of purchase price, 100% of rehab costs, and 75% ARV
- Commercial Bridge Loan Amounts: Starting at $500,000
- Commercial Bridge Leverage: Up to 85% LTC and 75% ARLTV
- Rental Loan Amounts: $75,000 to $25,000,000
- Rental Loan Terms: 30-year fixed-rate and 5/6, 7/6, and 10/6 hybrid ARM options
- Ground-Up Construction Loan Amounts: $75,000 to $25,000,000
- Ground-Up Construction Leverage: Up to 90% LTC and 75% ARV
- Ground-Up Construction Terms: Up to 24 months
Office Locations
5014 16th Ave Suite 513, Brooklyn, NY 11204
Our minimum loan amount is $0
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