Fixed Rate Loan Programs

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The Preeminent Lending Partner for Real Estate Investors and Developers

Flexible loan programs for:

BRIDGE

Fast financing for acquisitions and re- capitalization loans for finished projects.

FIX AND FLIP

Rapid renovation capital for single- family and multifamily projects.

NEW CONSTRUCTION

Ground-up development for single-family, multifamily, and multi-unit projects.

SUBDIVISON/INFILL

Ground-up development for homebuilders.

RENTAL HOLD

Capital for stabilized/unstabilized 1-4 units and multifamily (5+ unit) buildings.

The Sprint Mortgage Difference

SPEED

Quick funding execution and construction draws allowing borrowers to maximize returns.

EXPERTISE

Broad in-house knowledge of multiple facets of real estate development including acquisition, valuation, construction and resale.

COMPETITIVE RATES & TERMS

Customized lending solutions at the forefront of the market with compelling rates and terms.

Sprint Mortgage General Lending Parameters

	BRIDGE	FIX AND FLIP	NEW CONSTRUCTION	SUBDIVISION/INFILL	RENTAL HOLD
INTEREST RATES	7.0% – 10.0% interest only, fixed or floating	7.0% – 10.0% interest only, fixed or floating	7.0% – 10.0% interest only, fixed or floating	7.0% – 9.0% interest only, fixed or floating	7.0% - 8.0% interest only, fixed or floating
LOAN TO VALUE/COST	Up to 75% LTV	Up to 80% LTC	Up to 70 - 75% LTC	Vertical: up to 70% LTC (No Land or A&D)	Up to 70 - 75% LTV (Min. 1.20x DSCR)
LOAN AMOUNTS	Up to $5 million ($10 million for exceptionally well qualified sponsors)	Up to $5 million ($10 million for exceptionally well qualified sponsors)	Up to $5 million ($10 million for exceptionally well qualified sponsors)	Up to $5 million ($10 million for exceptionally well qualified sponsors)	Up to $5 million ($10 million for exceptionally well qualified sponsors)
ORIGINATION FEE	1% to 2% annualized	1% to 2% annualized	1% to 2% annualized	1% to 2% annualized	1% to 2% annualized
LOAN MATURITIES	6 to 12 months	6 to 12 months	6 to 24 months	6 to 24 months	Initial term 12 months (extendable out to 24 months)
TYPES OF LOANS	Purchase and refinance	Purchase and refinance	Purchase and refinance	Purchase and refinance	Purchase and refinance
TYPES OF PROPERTIES	Non-owner occupied SFR, multifamily, multi-unit or mixed- use	Non-owner occupied SFR, multifamily, multi-unit, or mixed- use	Non-owner occupied SFR, multifamily, multi-unit, or mixed- use	Non-owner occupied vertical SFR and multifamily	Non-owner occupied SFR or multifamily
LIEN POSITION	First	First	First	First	First
GUARANTY STRUCTURE	Full recourse (corporate guaranty considered)	Full recourse (corporate guaranty considered)	Full recourse (corporate guaranty considered)	Full recourse (corporate guaranty considered)	Full recourse (corporate guaranty considered)
PREPAYMENT PENALTY/YIELD MAINTENANCE	None	None	None	None	None

Minimum Initial Underwriting Documentation

Full financial underwriting
˗ 2 months bank statements
˗ 2 years of tax returns and/or financial statements (income statement & balance sheet)
Evidence of successful experience and appropriate infrastructure in specific product type strategy
Appropriate sponsor liquidity and potential covenant requirements
Net-worth greater or equal to loan amount
Subject to additional underwriting
FICO score of 680+
Geographic Markets: Genesis Capital is primarily focused on projects located in MSA’s of 250,000+ in the following states:
AZ, CA, CO, FL, GA, NC, SC, TX, UT, WA (Other states will be project and sponsor specific)

Not currently originating loans for the following types of properties:
Micro-Housing, Co-Living, Manufactured Homes, Short-Term Rentals and Land/Horizontal