B-line Capital, LLC Disclosures (August 2021)
1. Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. Application fees, closing costs and other fees may apply.
2. Products NOT available in North Dakota, South Dakota, Vermont, or the U.S. territories of Puerto Rico and Guam.
3. Approval for cash-out depends on many loan factors and may not be available on every loan.
4. LTV is determined by a combination of factors, including experience, liquidity, net worth, and FICO score.
5. LTC is determined by a combination of factors, including experience, liquidity, net worth, and FICO score.
6. Multi-family properties (5-20 units) financing only available with Portfolio Rental Loan, Fix & Flip, or Bridge property loans.
7. Borrowers are approved for a maximum exposure limit, based on their experience, liquid assets, net worth, and credit score. Each property financed on this exposure limit is subject to property approval under B-line Capital terms and conditions. Each property has an individual secured loan.
8. An underwriter will determine the Extensive Rehab designation based upon review of the budget and project scope. Projects with more than 50% may be classified as Rehab and projects less than 50% may be classified as Extensive Rehab.
9. We have a limit of $10,000,000 in combined loans to an individual guarantor.
10. On Express Portfolio Rental Loans: 2-8 Unit Properties and Condos will be limited to a max of 75% LTV.
11. Property loan pricing, leverage and required reserves will be determined based upon experience.