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Salt Funding describing itself
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.
Loan programs
Maximum leverage
Max LTV 50%Max LTC 50%
Maximum leverage
Max LTV 50%Max LTC 50%
Maximum leverage
Max LTV 50%Max LTC 50%
Also 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