Program Guidelines

What we lend on, and just as importantly, what we don't. Business-purpose loans on non-owner-occupied property only.

What we do

DSCR rental loans, 30-year fixed, interest-only options available
Fix and flip, up to 90% of purchase and 100% of rehab on the right file
Bridge loans for speed, refinanced into DSCR after stabilisation
Ground-up construction for experienced builders
Rental portfolio loans, 5 properties and up under one note
Foreign national and ITIN borrowers, with adjusted leverage

Typical parameters

Item	Standard
Minimum FICO	620, best pricing at 740+
Max LTV, purchase	80%
Max LTV, rate and term	80%
Max LTV, cash-out	75%
Minimum loan	$125,000
Maximum loan	$3,000,000
Minimum DSCR	1.00x standard, sub-1.00 and no-ratio available
Interest-only	Available, 660+ FICO, up to 75% LTV
Short-term rental income	Eligible, up to 75% LTV
Non-warrantable condo / condotel	Eligible with a 5% LTV reduction
Cash-in-hand on cash-out	Up to $600k above 65% LTV, unlimited at 60% or below
Prepayment	5/4/3/2/1 standard, buydowns available
Reserves	6 months PITIA typical
Vesting	LLC or corporation, personal guarantee required
First-time investors	Eligible on 1-4 units with clean 12-month housing history

What we don't do

Owner-occupied or primary residence financing of any kind
Consumer-purpose loans
Raw land with no construction plan
Rural properties with no comparable sales
Borrowers with an unresolved recent foreclosure or bankruptcy

Indicative only and not a commitment to lend. All terms subject to underwriting, appraisal and final approval. Business-purpose loans on non-owner-occupied investment property. Not consumer mortgage credit. Adler Capital, dan@adlercapital.us, (917) 426-2102.