When we fund a loan, we require collateral which can be used to pay back the loan in cases of default (very rare). Here are the types of real estate collateral we accept:
- Single Family (SFR) 1-4 unit
- Multi-family 5+ units
- Condominiums
- Townhouses
Its very important that the real estate is not occupied by its' owner. We do not lend against property which is or will be occupied by its' owner.