Lending Program

Customizable based on
Your specific needs.

We aim to be the most reliable capital provider to our borrowers as they seek to maximize their real estate portfolios.

Property
type

Single Family Rentals

2-4 Residential Unit

5+ Multifamily

Mixed-Use Properties

Opportunistic

product
type

Fix & Flip

Bridge Loans

  • Light Rehab
  • Heavy Rehab

New Construction

finance
type

Acquisition

Refinance

Cash-Out Refinance

30-Year Term

icecap lending guidelines
Single family & 2-4 unit 5+ unit & mixed use
Submit a loan request

Short term
(6-24 months)

long term
(24+ months)

Amount: $50,000 - $10,000,000

Points: 1-2 Net

Timing to close: 3-20 Days

Personal Guarantee: Full

Min Credit Score: 680

Property Types: SFR, 2-4 Units, Condominiums, Townhomes

Amount: $50,000 - $10,000,000

Min Credit Score: 650

Property Types:
1-4 family only

Stabilized
Bridge

Light
Rehab

Heavy Rehab
& Ground-up

Stabilized
Rental Loan

LTV

75% Max

85% Max

75% Max

80% Max

LTARV

N/A

70% Max

65% Max

N/A

Min
Experience

None

3 Similar Projects

3 Similar Projects

Adequate property management or 3rd party

Purpose

Purchases, Refinance, Cash-out Refinance

Purchases, Refinance, Cash-out Refinance

Purchases, Refinance no cash-out

Purchases, Refinance, Cash-out Refinance

Rates

7.5%+

7.5%+

7.5%+

5.5%+

Interest Reserve

None

None

None

-

Min DSCR

-

-

-

1.00x

Opportunistic

Land, industrial, office, non-performing loans, etc.
On a case by case basis.

Short term
(6-24 months)

long term
(24+ months)

Amount: $250,000 - $10,000,000

Points: 1-2 Net

Timing to close: 3-20 Days

Personal Guarantee: Full

Min Credit Score: 680

Property Types: Multi-Family &  Mixed Use

Amount: $1,000,000 - $10,000,000

Min Credit Score: 620

Property Types:
Multi Family

Stabilized
Bridge

Light
Rehab

Heavy Rehab
& Ground-up

Stabilized
Rental Loan

LTV

70% Max

75% Max

65% Max

65% Max

LTARV

N/A

70% Max

60% Max

N/A

Min
Experience

None

3 Similar Projects

3 Similar Projects

Adequate property management or 3rd party

Purpose

Purchases, Refinance, Cash-out Refinance

Purchases, Refinance, Cash-out Refinance

Purchases, Refinance no cash-out

Purchases, Refinance, Cash-out Refinance

Rates

7.5%+

7.5%+

7.5%+

5.5%+

Interest Reserve

3 Month

3 Month 

12 Month

-

Min DSCR

-

-

-

1.00x

Opportunistic

Land, industrial, office, non-performing loans, etc.
On a case by case basis.

*These figures are presented as of July 2020, are indicative targets and are subject to change without notice.

Submit a loan request

We deliver a solution to the real estate industry that is not available through traditional banks.

Why hard money?

Our business model is predicated on providing an economically valuable, repeatable, service to our borrowers. For us that means looking at each deal to determine why the borrower would not use traditional bank financing. For us the answer generally consists of several, and sometimes all of, the following:

In the current regulatory environment banks are limited to the number of non-performing assets they can have behind their loan portfolios. Each vacant building is a potential FINRA issue.

Building
is vacant

Compared to banks, we offer more flexibility and faster funding on renovation draws. That is when banks will even lend on renovation projects.

Renovation
component

The fastest banks take 30-60 days to close. Our borrowers are often competing in hyper-competitive markets where speed of close is frequently a deal maker or breaker. Our closing times are typically 7 days but can be as short as 24 hours.

Speed to
close

Our borrowers’ deal generally have a value add component, but banks generally lend only on current value and have maximum LTVs of around 70%. Assuming the loan meets our underwriting standards, we will lend 80-85% of LTV, effectively reducing by half the borrower’s required equity for purchase.

Higher Loan
to Value

Address

31 West 34th Street Suite 1012 New York, NY 10001

Email

 info@icecapgroup.com