Bridge | Fix-N-Flip | Development

✅ Up to 85 AIV LTV, 75 ARV LTV and 90 LTC

✅ Min Score 660

✅ Up to $5 million loan amounts

(Down to 75K (1-4 Unit), down to $50k (SFR/Condo)

✅ Luxury Allowed

✅ No experienced allowed

✅ No Prepay Penalty

✅ Up to 50% LTV on Land

✅ Rates 8.99%-12.75% - 1 Net Origination

✅ Non-Dutch Interest Allowed

✅ Cash Out Refinance or Purchase

✅ Rural Case by Case

✅ Foreign Nationals Allowed with duly Formed LLC

✅ Recourse and Non-Recourse

✅ Blanket/Portfolio Loans Ok

✅ No Sourcing or Seasoning Funds

1 - 4 Residential Units & Condos

investor loans, DSCR, debt service coverage ratio, mathew yates
investor loans, DSCR, debt service coverage ratio, mathew yates

Mixed-Used and Multi-Family

✅ Up to 85 AIV LTV, 85ARV LTV and 80 LTC

✅ Min Score 660

✅ $75K - $10 Million

✅ Non-Dutch Interest Allowed

✅ Rates 9.99%-11.995% - 1-1.5 Net Origination

✅ Cash Out Refinance or Purchase

✅ Rural Case by Case

✅ Foreign Nationals Allowed with Duty Formed LLC

✅ Up to 50% LTV on Land

✅ Recourse / Non-Recourse

✅ Blanket/Portfolio Loans Ok

✅ No Sourcing or Seasoning Funds

HIGH CREDIT QUALITY SFR BRIDGE FIX AND FLIP/RENOVATION

✅ SFR Only

✅ RTL (Residential Transition Loans)

✅ 85/70 for 10+ Experience

✅ 85/65 for 5+ Experience

✅ Min 1 DSCR on rental (Assuming rate of 7.5%)

✅ Min 700 Credit (must have 1 mtg min on credit report)

✅ 200K Min initial

✅ 500K Max initial

✅ Min of 50% initial or 150K Max Rehab budget

✅ 3 Draw max

✅ 1 Year term

✅ 8.999% rate 1 point in

investor loans, DSCR, debt service coverage ratio, mathew yates

Approved In As Little As

15 Minutes

IT’S EASY WHEN YOU HAVE AN INITIAL APPROVAL

Want to feel good about making a strong offer on your dream home?

Get an initial approval for your loan almost instantly

when you work with independent mortgage professionals like us. Our cutting-edge process lets us do what big banks and retail lenders can’t and give you an initial loan approval in as little as 15 minutes — even on the weekends!

You’ll also enjoy greater transparency so you can gather any paperwork you need ahead of time and make sure your loan goes through as smoothly as possible.

Testimonials

NMLS ID #423065

Contact Me

20225 Water Tower Blvd. Suite 400, Brookfield, WI 53045

NMLS ID #1173903

Novus Home Mortgage, a division of Ixonia Bank is an Equal Housing Lender. We are headquartered at 20225 Water Tower Blvd. Suite 400, Brookfield, WI 53045. Toll free (844) 337-2548. NMLS No. 423065 (www.nmlsconsumeraccess.org). This is not an offer to enter into an agreement or a commitment to lend. All loans are subject to credit approval as well as program requirements and guidelines. Rates and requirements are subject to change without notice. Not all products are available in all states. Other restrictions or limitations may apply. Novus Home Mortgage, a division of Ixonia Bank is not affiliated with any government agency. © Novus Home Mortgage. All Rights Reserved | Program, Rate & APR Examples | Accessibility