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Salt Funding

Denver, CO·1 state
Salt Funding’s primary loan program is for the purchase and rehab of single family homes that will be flipped or rented. Loans typically do not exceed 80% of as-is-value or 90% of purchase price. We will also lend up to 100% of construction costs provided the total loan amount does not exceed 70% of the After Repair Value.
Salt Funding describing itself

Loan programs

Offers— no published terms

Terms & qualification

Typical loan size
$50K – $5M
Typical term
0 mo – 12 mo
Interest rate
10%
Origination / points
2% to 2%
Minimum FICO
600
Lien position
1st, 2nd
Prepayment penalty
no
Payment structure
Interest Only
Recourse
Always
Closing speed
10 days typical · 2 days fastest
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Credit Report, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation, Self-Directed IRA

Property types

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.