Civic – Private Money Lender

Business Name:
Civic – Private Money Lender
Long Business Description:




  • Portfolio or Single Asset loans
  • 30 year loans, fixed for 5, 7, or 10 years
  • Interest only for fixed period
  • Min. FICO: 600
  • Max LTV: 75-80% (Purchase, R & T, Cash-Out)
  • Property Types: SFR, 2-4 units, Condos, PUD’s, Townhomes
  • Loans to individuals or entities
  • Currently lending in AZ, CA, CO, FL, GA, HI, ID, IL, NC, NJ, NV, OR, PA, SC, TN, TX, UT, VA & WA; more states to come
  • Non-owner occupied only
  • Stabilized rental properties (leased or soon-to-be leased)
  • Bank statements only / no personal income verification
  • No DTI requirements for borrower
  • Non-Recourse available
  • Minimal DSCR requirements
  • Lender Fee: $1,195
  • No yield maintenance – sliding pre-pay only


ELIGIBLE LOCATIONS MSA’S in the following states: AZ, CA, CO, FL, GA, HI, NC, NV, OR, SC, TN, TX, UT, WA
PROPERTY TYPES Multifamily 5-100 Units
LOAN AMOUNT $500k to $10MM
LOAN TERM 1, 2 and 3 year loans
AMORTIZATION Fixed rate, interest only
LTC/LTV Up to 75% Loan to Cost and maximum 70% Loan to Value of stabilized value
DSCR Stabilized minimum 1.25x DSCR underwritten cash flow using prevailing rates at market rents
PROCESSING FEES $1,500 paid at closing
RESERVES No Rehab Component – Stabilized Property: 6 months interest
No Rehab Component – Non-Stabilized: 8 months interest
Extensive Rehab Loans/No Rehab Advance: 12 months interest + 100% of rehab budget
Extensive Rehab Loans/Rehab Advance: 12 months interest + 20% of rehab budget
SPONSOR / BORROWER Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth
BORROWING ENTITY LLC, Corporation, Trust (SPE may be required at lender’s discretion)
RECOURSE Non-recourse, with the exception of industry standard “bad boy” carve outs
PREPAYMENT 1yr loans: no minimum interest | 2yr loans: 8 months minimum interest | 3yr loans: 12 months minimum interest



  • Non-owner Occupied Only
  • Lending in AZ, CA, CO, FL, GA, HI, ID, NC, NV, OR, SC, TN, TX, UT, VA & WA; more states to come
  • Purchase, Refinance, Cash Out, Rehab
  • 75-80% LTV
  • $100K-$7.5 Million
  • SFR, 1-4, 5+, Condos
  • Interest Only Payments
  • Stated Income/Bank Statements Only
  • No Minimum FICO Requirements
Business Website Address:
Business Phone Number:
(888) 201-3780
Business Address:
2015 Manhattan Beach Blvd
Redondo Beach, CA
ZIP Code:

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