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Residential First Capital

Newport Beach, CA·51 states

Loan programs

Offers— no published terms

Terms & qualification

Typical loan size
$25K – $3M
Typical term
6 mo – 60 mo
Interest rate
7.5% – 10.99%
Origination / points
1% to 2%
Minimum FICO
400
Lien position
1st, 2nd, 3rd, 4th
Prepayment penalty
Our Business Purpose loans have a 3 months prepayment penalty, meaning after the borrower makes his/her third payment, there is no penalty to prepay our loan. That being said, this is all negotiable. On our Consumer Purpose Loans, there are no prepayment penalties.
Payment structure
Interest Only
Recourse
Sometimes
Closing speed
10 days typical · 4 days fastest
Prepayment structure
None
Cross-collateral
Yes
Equity / JV capital
Yes
Income documentation
Credit Report, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA

Lending footprint

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.