Direct Lender for Residential Real Estate Investors

Peak specializes in fast funding for residential investment properties (1-4 units) in 25 states – purchase, refinance, cash out, rehab, flip, ground-up construction and 30-year rental loans. While most lenders shy away from vacation homes and long-term rentals, they are very attractive to us. We lend to a variety of entity types, including self-directed IRA’s, solo 401k’s and foreign nationals. Peak is very well capitalized and lend off our own balance sheet. We don’t mind properties with values under $50K, so long as we approve the location.

Please note: we do not offer loans for land development or owner-occupied homes.

Property Geographic Area Details
We lend in 25 states, mostly in the Midwest and Southeast: AL, AR, CO, FL, GA, IL, IN, KS, KY, LA, MI, MS, MO, MT, NE, NM, NC, OH, OK, SC, TN, TX, WA, WI, WY
Loan Amounts
$25,000 to $1,000,000
Interest Rates
7.50% to 12.00%
Loan Terms
6 months to 360 months
Origination Fees
1.75% to 3.5%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

 

 

Intended Use Buy or Refinance-Hold
Note Term
Term 30 Years
Construction Period N/A
Resale Period N/A
Loan to Value Ratio, LTV 70.00%
Valuation As-Is Appraisal
Note Rate & Payments
Interest Rate 7.50%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement N/A
Resale Interest Rate N/A
Construction Interest Rate N/A
Lender Origination Points
Points 1.75%
Minimum $1,750
Lender Servicing Fees
Underwriting
Credit Underwriting $100
Asset Underwriting $300
Construction/Asset
Construction Review $0
Doc Prep & Processing $250
Loan Servicing $150
Loan Terms
Intended Use Buy-Fix-Hold (Rehab to Perm)
Note Term
Term 30 Years
Construction Period 180 Days
Resale Period N/A
Loan to Value Ratio, LTV 70.00%
Valuation Subject-To Appraisal
Note Rate & Payments
Interest Rate 7.50%
Rate Type Adjustable
Amortization Term 30 Years
Construction Agreement Yes
Resale Interest Rate N/A
Construction Interest Rate 12.00%
Lender Origination Points
Points 2.50%
Minimum $2,750
Lender Servicing Fees
Underwriting
Credit Underwriting $100
Asset Underwriting $300
Construction/Asset
Construction Review $125
Doc Prep & Processing $250
Loan Servicing $150
Loan Terms
Intended Use Buy-Fix-Sale
Note Term
Term 12 Months
Construction Period 180 Days
Resale Period 365 Days
Loan to Value Ratio, LTV 70.00%
Valuation Subject-To Appraisal
Note Rate & Payments
Interest Rate 8.25-12.00%
Rate Type Fixed
Amortization Term 12 Months
Construction Agreement N/A
Resale Interest Rate 8.25-12.00%
Construction Interest Rate N/A
Lender Origination Points
Points 2.50%
Minimum $2,500
Lender Servicing Fees
Underwriting
Credit Underwriting $0
Asset Underwriting $0
Construction/Asset
Construction Review $0
Doc Prep & Processing $0
Loan Servicing $0

Property Types

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

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Non-Prime

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

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Gap Lender
  • Crowdfunding
  • 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

90%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

70%

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes
We do not charge a pre-payment penalty on our long-term rental loans and do not have a seasoning requirement. When we lend on a portfolio of properties, each property may have a separate loan, but fees will be charged collectively.

Minimum Loan Amount

$25,000

Maximum Loan Amount

$1,000,000

Minimum Interest Rate

7.50%

Minimum Origination Fee

1.75%

Maximum Origination Fee

2.75%

Maximum Loan Term

360 months

Maximum Loan-To-Value

70%

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Properties

Yes

Minimum Number of Properties

2

Maximum Number of Properties

10

Minimum Property Value

$40,000

Maximum Property Value

$4,000,000

Deposit Required

We ask for a vendor deposit to order the appraisal. The amount of the deposit is general equal to or less than the cost of the actual appraisal. The borrower will receive a credit on the closing HUD for the vendor deposit.

Processing Fee

$0-$250

Fees which are mandatory for all new borrower clients

  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee

Details and Requirements

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

yes

We have funded hundreds of loans for foreign nationals over the past 10 years.
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

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

no

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Contact Peak Asset Lending

Peak Asset Lending pays us to be listed, so there is no fee to connect with them directly.
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We are not a “MEGA LENDER” hustling you like cattle through the chute. We’ve built our business One Loan at A Time. Every Borrower is unique and important at Peak.

Peak Asset Lending is owned and operated by the Sauer Family, a farm family with roots back to Western Kansas. They purchased their first rental property in 1999. With a well-rounded education and a growing rental portfolio, the Sauer Family began business’s supporting other real estate investors in the early 2000’s. These included a Construction Company, a Maintenance Company, and a Property Management Company.

Cresting at over 200 rentals in 2004, the Sauer Family decided to consolidate and focus on the one item that every transaction involved – Money. This shift in focus led to the beginning of their first lending company. Through the market collapse in 2008, the Sauer Family persevered and started Peak Asset Lending to provide financing to Foreign Investors and other “unbankable” real estate investors. Over the past decade, Peak established itself as one of the premier, non-bank, asset-based lenders in the country.

Company Size (Number of Employees)

8

Year Established

2008

Office Locations

11289 Strang Line Road, Lenexa, Kansas 66215

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

1%

Percentage of Loans Secured by Residential Property

99%

Total Number of Loans Funded to Date

1,644

Total Loan Volume Funded to Date

$156,000,000

Contact Peak Asset Lending

Peak Asset Lending pays us to be listed, so there is no fee to connect with them directly.
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$25,000

What We Do

  • Loans for Residential Investment Properties
  • Bridge, Flip, Construction, Long-Term Rentals
  • LTC up to 90% for Flips, LTV up to 70%
  • 10-20% Cash Required for Flip Purchase

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Land Loans
  • NO Commercial Properties

Send an email to Peak Asset Lending