Park 49 Capital Funds (P49CF1), supported by a multi billion-dollar New York based fund and several private US Citizens, operates as a direct lender, providing assistance to owners of investment residential real estate.
Loans starting from $250K…
Up to $5MM
Our platform enables seamless collaboration with clients, facilitating the swift evaluation of their requests, the development of competitive terms, and an expedited closing process, thereby ensuring efficiency and streamlined operations.
Initial Quote
48 Hours
Average Closing
30 Days
Products
Ground Up – Fix & Flip
Property Type: Non-Owner Occupied 1 to 4 Unit Residential
Loan Amount: $250,000 to $3,000,000
Loan To Value: 70% of Value, 60% if Not-Permitted
Loan To Construction: 95%
Loan To Cost: 75%
Loan To ARV: 70%
Term Length: Up to 18 Months
Recourse: Full
Rental Properties
Property Types: Single Family, 2-4 Units, Townhomes, PUD, Warrantable Condos
Loan Amount: $250,000 to $3,000,000
Loan Types: 30 Year Fixed Rate Mortgages, 5-7-10/6 Hybrid ARM’s
Recourse: Full
Term Length: 30 Years
Maximum Loan To Cost: 80% Based on Ownership Length
Maximum Loan To As-Is Value: 80% for Purchase/Rate and Term, 75% Cash-Out Refinance
Maximum Debt Service Coverage Ratio: 1.10 (Gross Rent/PITIA)
Minimum Guarantor FICO: 660
Multifamily Term
Property Types: Residential Buildings w/ 5+ Units, Mixed-Use Properties w/ 70%+ Resi Square Footage
Loan Amount: $250,000 to $5,000,000
Loan Types: Interest Only – Fixed & Adjustable Rate Options
Recourse: Full or Limited w/ Bad-Boy Carveouts Based on Loan Amount
Maximum Loan To Cost: 75% of Purchase/As-Is Value or 65% for Refinances Plus 100% Rehab Costs
Maximum Loan To Stabilized Value: 70% for Rate/Term Refinance, 65% for Cash-Out Refinance
Term Length: Up to 24 Months Plus a 6 Month Extension
Minimum Guarantor FICO: 680 Middle Score
What About Costs?
- Application Fee: $995 non-refundable.
- Credit & Background Check Fee: No fee.
- Expense Deposit: $500 unused portion is refundable.
- Loan Points: 1.50% – 3.00% of the total loan amount.
- Loan Costs: $1,320 paid at closing from proceeds.
- Legal Fee: Fee varies per deal state and loan type.
- Appraisal Fee: If required, paid upon request to the appraisal company.
The Process?
Let’s start with a quick review of your financing needs.
Prospect Inquiry Form
Please complete the linked PDF Client Request Form with all required information and return it via email to [email protected]. A member of our team will reach out to you shortly to discuss your inquiry.
What Information Should I Prepare?
To facilitate the process outlined in this Form, the following documents and information should be readily available for submission or review as needed:
- Track record.
- When applicable, a scope of work.
- When applicable, a sunk cost analysis.
- When applicable, rent roll and current leases.
- Corporate documents including EIN certificate.
- If available, recent property valuation.
- Details of any existing credit agreements or obligations.
- Valid government-issued identification (e.g., driver’s license or passport).
Upon receipt of the loan request form and all pertinent documentation, a representative from Park 49 will contact you promptly. The representative will discuss your funding needs in detail and collaborate with you to develop a tailored solution that meets your specific circumstances.
* We do not extend financing in; Oregon, Utah, North and South Dakota, Minnesota & Vermont.
