Lending Parameters

When a deal is submitted to InstaLend, it undergoes a thorough vetting process and is underwritten by reviewing the following information

Min. Loan Amount

$100,000 (2+ properties can bundle to achieve 100k minimum threshold)

Max. Loan Amount

$1,000,000 (higher loan amounts available at lower LTC’s and LTARV’s)

Loan To After Renovation Value (LTARV)

Up to 65%

Interest Rate

11-15%

Property Type

SFR, Multi-family, Mixed use

Lien Type

First lien

Points at Closing

2-4%

Closing Fees

Paid by sponsor

Term

6-12 months

Track Record

5+ deals

FICO

640+

Extension Options

2 (each extension is 3 months)

Extension Fee

1% of outstanding loan amount

CONSIDERED EXPERIENCED BORROWER IF

  • 1 Net worth Over $750,000
  • 2 5+ successful projects completed
  • 3 $100,000+ liquid cash available AFTER project requirements

Collateral

  • 1Personal Guarantee
  • 2Deed in Lieu in the event of complete default (project ownership and direction is taken over by InstaLend and turned over to in-house asset-improvement team for completion and liquidation)
  • 320% (or 15%) down payment, plus closing fees, plus interest payment reserves
  • 4Underwriting review can make exceptions on case by case basis.

Document Checklist

Loans are initially submitted through our website where the borrower fills in general information regarding the project and their background. Once a submittal is reviewed and we feel it is a good fit

see parameters

Purchase contract

Bank/Asset statements

Statement
(scope) of work

LLC organizing
documents

ID and personal
documentation

Appraisal

Inspection report

Credit report
(Ordered by InstaLend)

Background check

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