Loans Programs
BRIDGE ANYTHING
CFG provides fix and flip loans for investors purchasing any property. We provide approval in less than 24 hours. As a direct lender, we have full discretion and the funds on hand to close quickly. CFG prides itself on its customer service, ease of process, and speed. We look forward to helping you succeed by financing your next investment property.
Loan Amounts: $100K - $6M
Rates: 9.75%-13%
Payment: Interest Only
Points: 2.0%-3.0%
$1,595 Doc and Processing Fee, UW fees 0.35% of Loan Amount
LTC: Up to 80%
LTV: Up to 70%
Term: 6-12 months (w/ extension options)
Financing for purchase, cash out and renovation costs
Quickest draw process in the industry
Geography: NY, NJ
Property Types: Residential (SFR) and Multi-family (MFR) Up to 20-Units, Commercial, Mixed Use, Warehouse, Condo (None warrantable ok)
Appraisal Required: Pass thru
NO Junk Fees. Lender Attorney and Appraisal are Pass-Through
Credit Score: 600 Minimum
NO Prepayment Penalty: Payoff the loan at anytime
RENTAL 1 TO 4
CFG provides competitive 30 year fixed loans on rental properties that can service the loan. Borrower need not to show any personal docs or proof of income. We qualify the property not you.
Loan Amounts: $150K - $8M (Blanket Portfolio Loans up to $15M)
Rates: Starting at 7.750%
Geography: Nationwide (except Nevada, North Dakota, South Dakota)
Property Types: Residential, Short-Term Rental, Vacation Rental up to 10 units
Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
Loan Structure: 30-Year Fixed Rate Mortgage Loans, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed
LTVs: Up to 80% (Acquisitions/Rate-Term Refinances), 75% (Cash-Out Refinances)
DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application)
DSCR: 0.75x minimum
Credit Score: 660 minimum
1,595 Doc and Processing Fee, UW fees 0.35% of Loan Amount
Lender Attorney and Appraisal are Pass-Through
RENTAL 5 TO 20
CFG provides fix and flip loans for investors purchasing any property. We provide approval in less than 24 hours. As a direct lender, we have full discretion and the funds on hand to close quickly. CFG prides itself on its customer service, ease of process, and speed. We look forward to helping you succeed by financing your next investment property.
Loan Amounts: $100K - $6M
Rates: 9.75%-13%
Payment: Interest Only
Points: 2.0%-3.0%
$1,595 Doc and Processing Fee, UW fees 0.35% of Loan Amount
LTC: Up to 80%
LTV: Up to 70%
Term: 6-12 months (w/ extension options)
Financing for purchase, cash out and renovation costs
Quickest draw process in the industry
Geography: NY, NJ
Property Types: Residential (SFR) and Multi-family (MFR) Up to 20-Units, Commercial, Mixed Use, Warehouse, Condo (None warrantable ok)
Appraisal Required: Pass thru
NO Junk Fees
Credit Score: 600 Minimum
NO Prepayment Penalty: Payoff the loan at anytime
Cornerstone Funding Group LLC
Cornerstone Funding Group (CFG) leads the industry with one of the most unique lending products around. CFG have accumulated a huge amount of expertise in the Real Estate industry thru the many years of RE development experience. We are passing those experiences to our clients thru a loan that work. When we commit to a loan it is because we know the market and we know the borrower and we know that it works. So we stand by the borrower until the very last minute. We built, we developped, we fixed and flipped and we owned rental investment so we know the lingo and we tell you we will lend you it is bacuse we know you will succeed and we are there for you.
CFG also stands apart from the rest of the lending industry because we finance many of our loans with our own money and do not broker it out. It’s our money that we’re putting on the line, so we don’t have to adhere to standardized credit approval calculations or hard-and-fast loan formulas. We have the leeway to evaluate each client’s specific needs, and personalize our loans with creative terms/points/interest rate packages, to set each client up for success.
Before
After
80% Fix it-Keep it
This Fix-to-Flip/Rent loan is perfect for the flipper who has a good/excellent credit score of 620+, and verifiable income/cash flow. The unique benefit of this product is you can get a loan for 80% of the purchase price and rehab costs, up to 70% of ARV, keeping as much cash in your pocket as possible! We will then convert you to perm loan with 30 years fixed. And just keep those projects coming. Build your portfolio with our money.
Contact us today to learn more about what makes us one of the best private money lenders in the business!