Loan Programs
Speak to our sales team about which program best fits your project!
sales@cvlending.com
415-923-8069
Lending Areas
Alabama | Alaska | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho (Brokers required for 1-4 unit property deals) | Illinois | Indiana | Iowa | Kansas | Kentucky | Maine | Maryland | Massachusetts | Michigan | Mississippi | Missouri | Nebraska | New Hampshire | New Jersey | New Mexico | New York | North Carolina | Ohio | Oklahoma | Oregon (Brokers Only) | Pennsylvania | Rhode Island | South Carolina | Tennessee | Texas | Virginia | Washington | West Virginia | Wisconsin | Wyoming
Loan Types
PURCHASE
RATE & TERM
CASH OUT
TRANSACTION
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
long term Rental
For the financing of rental properties, up to 30 years
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
Bridge: 9%+
Long Term Rental: 7.375%+
Origination Fees
0 to 2 points
Amortization
Interest only (bridge) and 30 years (long term rental)
Loan Amounts
$150,000 to $9,000,000
LTC (Loan-to-Cost)
Up to 85%
Typically 75% to 80%
LTV (Loan-to-Value)
Up to 70%
Typically 60% to 65%
Minimum FICO
620
Terms
6 months to 30 years
Loan Positions
1st Deeds of Trust
Closing Timelines
5 – 10 business days (bridge)
30-45 days (long term rental)