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MAKE SENSE UNDERWRITING CRITERIA FOR LOAN APPROVAL 

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​1. Loan to Value: Is it below 80%

2. Exit Strategy: Do you have a good plan to pay us back

3. Ability to Pay: Can the monthly payments be made

4. Use of Funds: Is it clear how the funds will be used

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Residential- 75% LTV max (80% case by case)

​TYPES OF PROPERTIES- Stated Income, SIVA, SISA OK
·       Single Family Home (SFR)      · Manufactured       · Urban
·       Duplex                                      · Mobile                    · Rural
·       Triplex                                       · Modular                 · City
·       4-plex                                        · Condo                     · Rehab
·       California - Texas

TYPES OF BORROWERS- Stated Income, SIVA, SISA OK
·       Owner or Non Owner Occupied or Investment or Second Home
·       Purchase Money
·       Refinance
·       Cash out
·       Property Listed for Sale/ REO/ Short Sale
·       Foreclosure/Bankruptcy Bailouts
·       Owned by Sole Proprietorship, LLC or Corporation
·       Foreign Nationals OK

LOAN TERMS
·       LTV up to 75%  (80% ltv case-by-case)
·       Loan Term: 1, 2, 3, 4, 5, 7 year; and a 15, 20, 30, 40 year take-out loan
·       No Prepayment Penalty
·       Interest-only Payment
·       Cross Collateralize for Maximum Loan Amounts
·       SIVA/SISA/No Doc
·       Not FICO Driven, Self Employed OK, Bad/No Credit OK

Multi-Family & Commercial - 75% LTV Maximum 

TYPES OF PROPERTIES- Stated Income, SIVA, SISA OK
·        Office Buildings                           ·        Retail Centers
·        Apartment Buildings                  ·        Gas Stations/Auto Centers
·        Mixed-Use                                    ·        Hotels/B&B/Motels
·        Medical/Dental Facilities            ·        Agricultural
·        Warehouses                                 ·        Manufacturing Facilities
·        Restaurants                                  ·        Auto Facilities
·        Industrial                                      ·        Leisure & Gaming
·        Commercial Condos                   ·        Owner Occupied Business
·        Condo Projects                            ·        Special Purpose

TYPES OF BORROWERS- Stated Income, SIVA, SISA OK
·       Nationwide Owner or Non Owner Occupied
·       Purchase Money
·       Refinance
·       Cash out
·       Property Listed for Sale/ REO/ Short Sale
·       Foreclosure/Bankruptcy Bailouts
·       Owned by Sole Proprietorship, LLC or Corporation
·       Properties in Probate/Trust or Auction

LOAN TERMS - Private Money
·       LTV up to 75% (80% case-by-case)
·       Loan Term: 1, 2, 3, 5, and 7 years; and a 15, 20, 30, 40 year take-out loan
·       No Prepay Penalties
·       Cross Collateralize for Maximum Loan Amounts
·       Not FICO Driven
·       DSCR: No Minimum/ Vacant OK
·       No tenant OK, No Credit OK, No TI OK

Land & Construction- 65% LTV max (ARV case by case)

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TYPES OF PROPERTIES- Stated Income, SIVA, SISA OK
·        Spec Construction, Owner Occupied Builder, or Investor Rehab Flipper
·        Residential/Multi-Family/Commercial Property unfinished or construction

·        Land, Urban, Rural, Raw, Agricultural or Improved OK

TYPES OF BORROWERS- Stated Income, SIVA, SISA OK
Owner Occupied and Non-Owner Occupied
·       Exit Strategy at your discretion: Refinance, Occupy or Sell the property upon completion
·       Purchase Money + Construction
·       Refinance + Construction
·       Cash out to Construction
·       Ground Up Construction

LOAN TERMS
·       Construction and Rehab Loan LTV up to 55% future value
·       Construction loans 1  or 2 years for construction completion
·       Loan decision based on future appraised value not purchased value
·       Loan decision based on the quality of the project
·       Reasonable Construction Periods Hard Money Loans Only
·       Flexible Disbursal Schedule
·       No Prepayment Penalties
·       Non-FICO driven
·       INTEREST RESERVE OK

·       Land Max LTV 55%