Axelrad loan guidelines

• Ground-up construction

  No experience

  Build your first project, on the GC's track record

  You have the land and the plan but not the portfolio. Bring a general contractor with the builds behind them: the GC does not have to sign on the loan, and we underwrite to the GC's experience.

• Bailout loans

  Bailout

  Foreclosure and commercial bailout loans

  Behind on the first mortgage or up against a sale date? Bridge loans built to pay off the lender in foreclosure, underwritten on the equity in the property, with properties in almost any condition considered.

• Transactional, EMD, no-FICO bridge

  No credit pull

  We don't even run your credit

  Transactional and EMD funding never run credit: no score to meet and no inquiry on your report. Some equity-based bridge loans do not need a score either when the property supports the loan.

• Specialty programs

  550 FICO

  Credit scores as low as 550, and no-FICO options

  Standard minimums are 600 on fix & flip and 620 on rentals. Our specialty programs go down to 550, and some equity-based bridge loans do not need a score at all when the property supports the loan.

• Transactional & EMD

  Same day

  Transactional and EMD both fund the same day

  A double close or an earnest money deposit does not wait on a loan committee. Both fund the same day, so the contract gets signed and the closing table gets paid on time.

• DSCR rentals

  0 months

  No seasoning on appraised value

  Bought it last month or last week? We lend off the appraised value from day one, not off what you paid, so the equity you just created is usable now. Gift funds and funds to close carry no seasoning on qualifying programs.

• Small balance

  $50K

  Loans as small as $50,000

  Rentals start at $50,000, with lower amounts on blanket loans, and fix & flip runs from $50,000. Small deals get the same terms as big ones.

• Fix & flip, bridge, construction

  100%

  Rehab and build costs financed in full

  Up to 95% of purchase on experienced flips and 100% of the renovation or construction budget, released in draws.

• Bridge, fix & flip

  Fewer hoops

  No-appraisal and desktop-valuation options

  When speed decides the deal, qualifying bridge and flip loans can close on property-based underwriting with a no-appraisal or desktop-valuation option and minimal documents.

• DSCR rentals

  No ratio

  The rent doesn't have to cover the loan

  Standard DSCR programs qualify at 0.75x and up. No-ratio programs go below that, with no DSCR minimum and no income documents. Leverage is lower and credit score requirements are higher than on standard DSCR.

• Second position

  2nd lien

  A second lien behind your first mortgage

  Tap the equity without touching a low-rate first mortgage. Second-position loans for investors who need cash fast and do not want to refinance the first.

• Borrowers

  No U.S. credit

  Foreign nationals and ITIN borrowers

  No U.S. credit file or visa on qualifying rental programs. Foreign nationals and ITIN borrowers can buy and refinance U.S. investment property.

• DSCR rentals

  Airbnb

  Short-term rentals qualify on rental income

  Airbnb and VRBO properties qualify on documented short-term rental income, so a property that does not look like a long-term rental on paper can still be financed.

• Property types

  Hard to place

  Property types banks skip

  Self-storage, hotels and motels, RV parks, mobile home parks, land and manufactured-home setup loans, sized to the deal.

• Portfolio

  1 loan

  Blanket and portfolio loans

  One loan across several properties, including blanket exceptions below the single-loan minimum. Fewer closings, one payment.

• Flip, bridge, construction, transactional

  $0

  No prepayment penalty

  Sell early, refinance early, pay it off early. You keep the interest you did not owe.

• Transactional

  100%

  The whole A–B purchase price, funded

  We fund the full purchase price on the morning of closing and are repaid from the resale. No upfront fee.

• EMD

  Deposit covered

  Earnest money, without tying up your cash

  We put up the deposit so you can sign the contract and keep your capital free, up to $10 million, with an extension option.

Specialty structures are underwritten deal by deal. Ask us whether yours fits.

• Rentals

  Experience

  Any

  Credit score

  620+; specialty programs from 550

  Property types

  1–4 family, 5+ unit residential, mixed-use and commercial

  Loan size

  $50K minimum; lower on blanket loans

  Max leverage

  Up to 85% LTV

  Closing

  Call for details

  Loan terms

  30-year fixed, 5/6, 7/6 and 10/6 ARM, interest-only

  Prepayment penalty

  Many options, including none

• Fix & Flip

  Experience

  Any, including first-time flippers

  Credit score

  600+; specialty programs from 550

  Property types

  1–4 family, condos, townhomes, 5+ units, mixed-use and commercial

  Loan size

  $50K–$5M (1–4 family); $250K–$10M (5+ units, mixed-use, commercial)

  Max leverage

  Up to 95% of purchase + 100% of rehab, capped at 75% ARV

  Closing

  3–5 days and up

  Loan terms

  12 to 18 months, interest-only

  Prepayment penalty

  None

• Ground-Up

  Experience

  Tiered by ground-up projects; a GC can supply it

  Credit score

  680+

  Property types

  Infill construction in urban and suburban areas

  Loan size

  $75K–$5M+

  Max leverage

  Up to 90% LTC, 100% of construction costs, up to 75% LTV

  Closing

  As soon as 10 days

  Loan terms

  12, 18 or 24 months, interest-only

  Prepayment penalty

  None

• Bridge

  Experience

  Any

  Credit score

  Specialty programs from 550, including no-FICO options

  Property types

  1–4 family, residential multi-family and mixed-use

  Loan size

  Up to $5M

  Max leverage

  Up to 95% LTC with 100% of rehab

  Closing

  As soon as 10 days

  Loan terms

  6–24 months, with an extension option

  Prepayment penalty

  None

• Rentals

  Purchase, rate-and-term refinance and cash-out refinance on stabilized rentals, qualified on the rent.

  Best for: Investors building a rental portfolio who want to qualify on the property, not their income.

  • Any experience level. Standard credit minimum is 620 and the maximum leverage steps up with the score; specialty programs go down to 550.
  • Up to 85% LTV on purchases and refinances, with cash-out available.
  • $50,000 minimum, with lower blanket-loan exceptions.
  • DSCR underwriting: no personal or business income verification and no tax returns. Standard programs qualify at 0.75x DSCR and up.
  • No-ratio options: no DSCR minimum and no income documents, at lower leverage and higher credit score requirements.
  • No seasoning on appraised value.
  • Prepayment terms are your choice, including no prepayment penalty; declining-points options are available.
  Apply for RentalsRead the Rentals page

• Fix & Flip

  The purchase and the full renovation budget on a property you will sell or refinance.

  Best for: Flippers at every level, from a first flip to an experienced repeat borrower.

  • Any experience level. Standard minimum credit score is 600; specialty programs go down to 550.
  • Leverage steps up with experience: up to 80% of purchase for a new flipper (0–2 flips), 90% for an intermediate one (3–5) and 95% for 10 or more flips with a 720+ score. Rehab is financed at 100%.
  • Loan amounts from $50,000 on 1–4 family; minimum after-repair value is $100K for 1–4 family and $350K for 5+ units or mixed-use.
  • Interest-only payments on the funds drawn. No prepayment penalty.
  Apply for Fix & FlipRead the Fix & Flip page

• Ground-Up

  Land and the construction budget on a ground-up build with entitlements, permits and approved plans.

  Best for: Builders and first-time developers who have a GC with a track record.

  • Leverage is tiered by experience, up to 90% of cost for a builder with 10 or more ground-up projects.
  • No experience yourself? A GC with the track record can carry it. The GC does not have to sign on the loan; we underwrite to the GC's experience.
  • Minimum credit score is 680 and minimum as-completed value is $150,000.
  • Draws in 24 hours with digital inspections. Interest-only, no prepayment penalty.
  Apply for Ground-UpRead the Ground-Up page

• Bridge

  Short-term money to buy or hold a property while the longer-term plan comes together.

  Best for: Investors who need to close fast on a property-based loan, with or without an appraisal.

  • Any experience level. Underwriting looks at the property, not income or credit alone.
  • Up to 95% LTC and 100% rehab financing, on loans up to $5 million.
  • Terms of 6 to 24 months with an extension option; closes in as few as 10 days.
  • No-appraisal options are available. No prepayment penalty.
  • Bailout loans: foreclosure and commercial bailouts are written on a specialty basis, underwritten on the equity in the property.
  • Credit scores from 550 on specialty programs, including no-FICO options when the property supports the loan.
  Apply for BridgeRead the Bridge page

• Commercial

  Acquisitions, refinances and value-add projects on commercial real estate in all 50 states.

  Best for: Owners and investors with larger commercial deals.

  • Loans from $150,000 to $50 million, up to 75% LTV.
  • Terms from gap loans to 30 years, interest-only or 5, 10 and 30-year amortization.
  Apply for CommercialRead the Commercial page

• Retail, Industrial & Storage

  Bridge loans on retail, industrial and storage property.

  Best for: Commercial owners and investors who need a first-lien bridge on a larger deal.

  • $4 million to $20 million, first lien, up to 70% of as-is value, rates from 9%.
  Apply for Retail, Industrial & StorageRead the Retail, Industrial & Storage page

• Land

  Holding land while entitlements and approvals advance.

  Best for: Developers and investors carrying land toward a build or a sale.

  • First-lien loans of $4 million to $20 million, up to 65% of as-is value, rates closer to 11–13%.
  Apply for LandRead the Land page

• Mixed-Use

  Properties that combine residential and commercial space.

  Best for: Investors holding or buying a building with storefronts and apartments.

  • Up to 80% LTV, with minimal restrictions beyond the leverage limit.
  Apply for Mixed-UseRead the Mixed-Use page

• Portfolio

  Several rental or investment properties consolidated into one loan.

  Best for: Investors with a growing rental portfolio and a pile of separate loans.

  • One loan, one payment and one set of terms across the properties. Call for sizing.
  Apply for PortfolioRead the Portfolio page

• Line of Credit

  Reusable working capital you draw, repay and draw again.

  Best for: Businesses that need cash on demand.

  • $10,000 to $5 million, same-day funding and no draw fees.
  • Qualify with 6+ months in business, $10K+ in monthly revenue and a 600+ credit score.
  Apply for Line of CreditRead the Line of Credit page

• Working Capital

  Payroll, marketing and operations, funded the same day.

  Best for: Seasonal and scaling businesses.

  • Same-day working capital. Call for amount and terms.
  Apply for Working CapitalRead the Working Capital page

• Equipment & Inventory

  New or used equipment and inventory.

  Best for: Businesses buying machines, vehicles or stock.

  • Finance up to 100% of equipment and inventory costs with minimal paperwork.
  Apply for Equipment & InventoryRead the Equipment & Inventory page

• Acquisition & Buyout

  Buying a business or buying out a partner.

  Best for: Owners and operators ready to take control.

  • Structured around the strength of the deal and your goals. Call for sizing.
  Apply for Acquisition & BuyoutRead the Acquisition & Buyout page

• Debt Refinancing

  Existing business debt restructured and consolidated.

  Best for: Businesses paying too much for too many loans.

  • Consolidate into simpler, more affordable terms to free up cash flow.
  Apply for Debt RefinancingRead the Debt Refinancing page

• SBA

  SBA-backed financing with longer terms.

  Best for: Qualifying small businesses ready to grow.

  • Competitive rates and longer terms for qualifying small businesses.
  Apply for SBARead the SBA page

• Invoice Factoring

  Unpaid invoices turned into cash, with cash-advance options.

  Best for: Businesses waiting on customers to pay.

  • Immediate cash against invoices so operations keep moving.
  Apply for Invoice FactoringRead the Invoice Factoring page