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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