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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed 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
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
90%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
0Maximum After Repair Value
70%Development Experience Required
noMinimum Number of Ground-Up Construction Projects Completed by Borrower
0Max LTC for Ground-Up Construction Costs
90%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesMinimum Loan Amount
$25,000Maximum Loan Amount
$1,000,000Minimum Interest Rate
7.50%Minimum Origination Fee
1.75%Maximum Origination Fee
2.75%Maximum Loan Term
360 monthsMaximum Loan-To-Value
70%Minimum Debt Service Coverage Ratio
1.00Will Lend on a Portfolio of Properties
YesMinimum Number of Properties
2Maximum Number of Properties
10Minimum Property Value
$40,000Maximum Property Value
$4,000,000Deposit 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
Contact Peak Asset Lending
Stay Informed About Private Lending
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.
Office Locations
11289 Strang Line Road, Lenexa, Kansas 66215Contact Peak Asset Lending
Stay Informed About Private Lending
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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