Farsight Partners Inc.

Real Estate Loans

Real Estate Loans

 
Add to your company’s real estate portfolio with ease by utilizing our vast real estate financing capacity.
We’ll connect you with the financial tools to buy, renovate, or refinance real estate assets.

 

Access the properties you need to take your business to the next level.

We remove the barriers between borrowers and the right financing.

 

  • Access the best  lender
  • Match with the right product
  • Get multiple quotes

 

INVESTMENT PROPERTY LOAN PRODUCTS

 

------- Foreign Nationals Eligible -------
(Visa, Green Card or Work Permit)
FIX AND FLIP
Property Types

Single Family Resident


2-4 Units


Townhomes


PUD


Warrantable Condos

Loan Amount

$50,000 – $5,000,000

Loan Term

6 Months, up to 240 Months option at Farsight Partners Inc.’s decision

Max Loan to Cost

Up to 90% LTC of Purchase Price

GROUND UP
Property Types

Residential Investment (1-4 Units)

Townhomes

Condos

Loan Amount

$45,000 – $5,000,000

Loan Term

6 months, up to 240 months option at Farsight Partners Inc.’s decision

Max Loan to Cost (LTC)

Up to 85% of total project costs

GROUND UP - Experienced Developer
Property Types

Residential Investment (1-4 Units) – up to 10 counts, Townhomes, Condos

Loan Amount

$50,000 – $5,000,000

Maximum Loan to CostLoan: 

Up to 75% of the lower of land value or purchase price (60% if unpermitted), plus 100% of construction costs.


Maximum: 

Up to 90% of total project costs.


LTC Catch-Up Draw: 

Initial advance may increase to 75% upon approval of required plans and permits post-closing.

Maximum Loan to ARV

Up to 85%

Term Length

12 months, up to 180 months option at Farsight Partners Inc.’s decision

Recourse

Full Recourse

COMMERCIAL REFINANCE / GROUND UP
Property Types

Commercial / Mixed-Use

Loan Amount

$50,000 – $10,000,000

Maximum Loan to Cost

Up to 70% – LTV



Max 80% – LTC



100% Rehab Cost



(Higher LTC may be available for experienced developers with 2+ similar projects)

Maximum Loan to ARV

70%

Term Length

12 months, up to 18 option

Recourse

Full Recourse

STABILIZED BRIDGE
 No DSCRDSCR Exit
Loan Purpose

To offer bridge financing for a recently renovated or newly constructed property that is currently or soon to be listed for sale.

To offer bridge financing for a property that is currently or soon rented but is not yet eligible for permanent financing.

Property Types

Single Family Resident (SRF), 2-4 units, Townhomes, PUD, Warrantable Condos

Single Family Resident (SRF), 2-4 units, Townhomes, PUD, Warrantable Condos

Loan Amount

Min: $50,000,000

 

Max: $10,000,000

 

 

Larger loans are welcome at Farsight Partners Inc.’s discretion.

 

MIn: $50,000,000

 

Max: $5,000,000 For SRF

 

 

Max: $10,000,000 For 2-4 Unit

 

 

Larger loans are welcome at Farsight Partners Inc.’s discretion.

 

Term Length

6 months, up to 180 optional at Farsight Partners Inc.’s discretion.

6 months, up to 180 optional at Farsight Partners Inc.’s discretion.

Max LTC

90% of Purchase Price with verified completed capex if owned less than 6 months

90% of Purchase Price with verified completed capex if owned less than 6 months

Max LTV

90% – LTV is based on 680 FICO – Owned more than 6 months

 

80% – LTV is based on 580-630 FICO – Owned for more than 6 months

 

70%

Min DSCR

N/A

1.10 Exit DSCR based on the lesser of in-place rent or market rent

Min FICO

660

660

Property Condition

C2 or better

C4 or better with no delayed maintenance

Collateral Restrictions

Property value within 90th percentile of the market.


No rural, exotic, or unique properties

No rural, exotic, or unique properties

SINGLE PROPERTY RENTALS
Property Types

Single Family Resident


2-4 Units


Townhomes


PUD (Planned Unit Development)


Warrantable Condos

Loan Purpose

Purchase, Refinance, Refi Cash-out

Loan Amount

$50,000 – $5,000,000

Loan Types

30-Year Fixed Rate Mortgage (Fully Amortizing)

 *AND*

 

Interest Only (Partial IO or Fully Amortizing)

 

Maximum Loan to Cost

If owned for less than 3 months, 90% of Total Cost Basis

Maximum Loan To As-Is Value (Subject to Minimum FICO)

Purchase/Rate-Term Refinance: 90%

 

Cashout Refinance: 80%

 

Minimum Debt Service Coverage Ratio (Gross Rent/PITI)

1.10x

Recourse

Full Recourse Only – Guaranteed by Equity of Corporation

Minimum FICO

660

Lease Requirements

Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent; Unleased Units: 90% of Market Rent (Purchase Loans only)

Required Asset

180 days – Seasoned

Property Restrictions

Rural Properties – Not Permitted

Foreign Nationals

Must be Eligible From The Country List

RENTAL PORTFOLIOS
Property Types

Single Family Resident, 2-4 Units, Townhomes, PUD, Warrantable Condos

Loan Purpose

Cash-out of a portfolio of rental properties or blanket loan for purchase, refinance, or cash-out.

Loan Amount

$50,000 – $10,000,000

Loan Types

30-Year Fixed Rate Mortgage (Fully Amortizing), Interest Only (Partial IO or Fully Amortizing)

Debt Service Coverage Ratio (DTI)

Net Cash Earnings: 1.2x

Maximum Loan to Value (LTV)

Purchase: up to 90%, Refi: up to 85% cash-out

Vacancy Minimum

Must have Min. 90% occupancy by unit count

Minimum Credit Scores (FICO)

620

Foreign Nationals – Max (LTV)

Max 85%

Term Length

5, 10, & 30 Years

Recourse

Full Recourse with Pledge of Equity of Established Corporation only

Minimum Occupancy Rate

90% by Unit Count

Lease Requirements

Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent; Unleased Units: 90% of Market Rent (Purchase Loans only)

Required Asset

180 days – Seasoned

Property Restrictions

Rural Properties – Not Permitted; No vacation or seasonal rentals

Frequently Asked Questions

If you don’t have collateral and can’t afford to make a down payment, you may want to reconsider taking out a real estate loan. There are financing options available for businesses in this situation. Let us help you explore them.

Not all real estate loans are the same. This is an advantage to businesses that don’t fit a common mold. The right loan for you will depend on the size of your business, your overall financial picture, and your business goals. Our expert brokers will help you narrow down the options until you find a loan that’s just right.

If your business has excellent credit, you may qualify for unsecured loans that don’t require collateral. You can also use other assets like equipment and stocks as security.

Adding solar panels, a greywater system, or upcycled building materials is not only great for the environment but also financially wise. The SBA allows businesses making these types of improvements to borrow higher than the average $5M cap at $5.5M. There are also tax advantages for businesses that build sustainably.