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Loan Programs

 

 

 

Since our inception, we have originated over $500 million in real estate loans. Speak to our sales team about which program best fits your project! 

 

 

 

sales@cvlending.com

 

 

 

 

 

| 415-923-8069

Lending Areas

 
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| California | Colorado | Connecticut | Florida | Georgia | Hawaii | Illinois | Massachusetts | New Jersey | 

| New York | North Carolina | Pennsylvania | Texas | Washington | 


Loan Types

 
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PURCHASE

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RATE & TERM

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CASH OUT

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TRANSACTION

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CUSTOM

 

 

Acquisition 

For the purchase of real estate, including fix and flip properties

 

 

acquisition + rehab

For the purchase + rehab of real estate. Rehab funds set aside for draws as the projects are completed

 

 

Bridge/Transactional

A short term loan which provides the borrower flexibility and time to meet obligations until more permanent financing is obtained

 

 

Owner Occupied

We provide cash-out refi loans for residences if and only if the entire loan amount is to be used for business purposes

 

 

 

Rental

For the financing of rental properties, up to 5 years

 

 

junior Liens

2nd - A loan behind a first lien up to 55% CLTV

3rd - A loan behind a first and second lien up to 50% CLTV

 

 

 

partnership buyouts

For the transfer of equity between partners

 

 

 

Custom business purpose

Conventus has the capability to handle a diverse range of real estate transactions that may be out of scope for traditional lenders

 

 


Lending Parameters

Property Types

Single Family Home

Condo

Multifamily

Mixed Use (on exception)

 

Interest Rates

7.75% to 12.99%

 

Origination Fees

0 to 2.5 points

 

Amortization

Interest only

Loan Amounts

$150,000 to $4,000,000

 

LTC (Loan-to-Cost)

Up to 90%

Typically 70% to 80%

 

LTV (Loan-to-Value)

Up to 70%

Typically 60% to 65%

 

Minimum FICO

620

Terms

6 months to 5 years

 

Loan Positions

Mainly 1st Deeds of Trust

2nds up to 55% CLTV

3rds up to 50% LTV

 

Closing Timelines

5 – 10 business days


No Tax Returns Needed

We Lend to Foreign Nationals