PORTFOLIO PRODUCTS

---

• PROPERTY TYPES
  Homes with 1-4 Units
• LOAN AMOUNT
  $50,000 - $5,000,000
• MAXIMUM LOAN TO COST
  Up to 90% of purchase price
  Up to 100% of rehab costs
• MAXIMUM LOAN TO ARV
  Up to 70%
• NO MINIMUM CREDIT SCORE

( IF SCORE UNDER 620 LOE WILL BE NEEDED )

• PROPERTY TYPES
  Homes with 1-4 Units
• LOAN AMOUNT
  $50,000 - $5,000,000
• MAXIMUM LOAN TO COST
  Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
• Max 80% of total project costs
  LTC 
• MAXIMUM LOAN TO ARV
  70%
• NO MINIMUM CREDIT SCORE

( IF SCORE UNDER 620 LOE WILL BE NEEDED )

• PROPERTY TYPES
  Residential Buildings with 5+ Units
• LOAN AMOUNT
  $500,000 - $5,000,000
• LOAN TYPES
  Interest Only | Fixed/Adjustable Rate Mortgage Options
• MAXIMUM LOAN TO COST
  75% of Purchase/As-is Value + 100% of Rehab Costs
• Refinance Loans: 65% of As-is Value + 100% of Rehab Costs
• MINIMUM GUARANTOR FICO
  Mid-Score of 680

• PROPERTY TYPES
  Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
• LOAN AMOUNT
  $75,000 - $3,000,000
• LOAN TYPES
  30-Year Fixed Rate Mortgage (Fully Amortizing)
  5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)

• MAXIMUM LOAN TO COST
• < 3 months: 80% of Total Cost Basis.
•  3 and 6 months: additional 5% Reduction on Max Eligible LTV
• Purchase/Rate-Term Refinance: 80%
• Cash-out Refinance: 75%

• MINIMUM DEBT SERVICE COVERAGE RATIO
  1.10x (Gross Rent/PITIA)
• MINIMUM GUARANTOR FICO
  Mid-Score of 660

• PROPERTY TYPES
  5-10 Unit Residential Properties
• LOAN AMOUNT
  $250,000 - $3,000,000
• LOAN TYPES
  30-Year Fixed Rate Mortgage, OR 5/6, 7/6, 10/6 hybrid ARMs (Partial IO or Fully Amortizing)

• MAXIMUM LOAN TO COST
• <3 months, 70% of Total Cost Basis
•  3 and 6 months, additional 5% Reduction  on Max Eligible LTV
• Purchase/Rate-Term Refinance: 70%
• Cash-out Refinance: 70%

• MINIMUM DEBT SERVICE COVERAGE RATIO 1.20x - 1.40x
• MINIMUM GUARANTOR FICO
  Mid-Score of 680

• PROPERTY TYPES
  Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
  5-8 Unit Properties allowed up to 15% of Loan Amount
• LOAN AMOUNT
  $250,000 - $50,000,000
• LOAN TYPES
  30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)

• MAXIMUM LOAN TO COST
• < 3 months: 80% of Total Cost Basis
•  3 and 6 months: additional 5% haircut on Max Eligible LTV
• MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO)
• Purchase/Rate-Term Refinance: 80%
• Cash-out Refinance: 75%

• MINIMUM DEBT SERVICE COVERAGE RATIO
  For portfolios with <=$2MM AND <=10 properties: 1.10x - For all other portfolios: 1.20x
• MINIMUM GUARANTOR FICO
  For portfolios with <=$2MM AND <=10 properties: Mid-Score of 660 - For all other portfolios: Mid-Score of 680