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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed 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
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
1Maximum After Repair Value
70%Renovation Construction Draw Fee
$$250 per draw + inspection
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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!!
Associations
- American Association of Private Lenders
Office Locations
9406 Jackson Street, Burke, Virginia 22015Our Team
Charlie Einsmann
Sam Jacknin
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