Discover how PIC Group can empower your financial success. Explore our services today and take the first step toward achieving your real estate and business goals.
Property Types
- Single family (SFR)
- 2 – 4 Family (Multi-Family)
- Commercial
- Land
Loan Types
- Rehab/ Renovation
- Construction
- Condo Conversion & Development
- Land Development & Subdivision
- Change of Use
- Bridge Loans
Loan Parameters
| Loan Size | $500,000 – $10 million |
|---|---|
| Loan Term | 12 - 24 Month Terms – Extensions available at lender discretion |
| Interest Only Rate | 8% – 11% |
| Payments | Payments are interest-only due every 30 days |
| Loan to ARV | Typically 80% of Current or After Renovation Value (ARV) – Higher amounts are negotiable |
| Loan to Value | Typically 85% of Construction / Property Free & Clear – Higher amounts are negotiable |
| Underwriting | Collateral-Based Lending |
| Origination Fee | 1% - 5% |
| Lending Areas | Nationwide |
| Time to Close | 5 – 14 Business Days – Subject to Title |