Loan amount
$100K-$50M
Loan-to-value (LTV)
95%
Required credit score
660
Required deal experience
None
Rates
Bridge, Fix & Flip, and New Construction:
9.75% +/- 1% on most loans depending on FICO, experience and other deal-specific factors
DSCR: 7.5% +/- 1% depending on FICO, experience, DSCR and other deal-specific factors
9.75% +/- 1% on most loans depending on FICO, experience and other deal-specific factors
DSCR: 7.5% +/- 1% depending on FICO, experience, DSCR and other deal-specific factors
Fees
1.5-3 points on origination
$2500 for processing, underwriting, and legal
$2500 for processing, underwriting, and legal
Address
8437 Tuttle Ave, Suite 113, Sarasota, FL 34243
About
Real Direct Lending is powered by a direct lender based in SC that has nearly $10 billion of loan origination experience. We are backed by a publicly traded REIT and aggressively lending on 1-50 unit properties in 30+ states currently.
States
Alabama
Arkansas
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Illinois
Indiana
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Mississippi
Missouri
New Jersey
North Carolina
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Virginia
West Virginia
Wisconsin
