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For the past 29 years, AMUSA is known as a leader in commercial lending. From small-balance commercial real estate loans to hard money real estate loans, AMUSA has closed thousands of commercial loans since launching in 1993. AMUSA’s no-nonsense approach to the initial review and straight-line processing results in faster closings and a more user-friendly experience.
So we get questions about purchasing a property, and getting a loan, where you can add the cost of the rehab and renovations in. The answer is YES! Typically it is called either a bridge loan, or a rehab loan. They are typically a 1-2 year term, and then once the property improvements have been completed, you can refinance into a more permanent loan.
We've got some great news for you today, if you're a home builder, or you're in the construction business. We have our brand new Ground-Up Construction Financing. We can go up to $5million, and do residential properties. If we go over $5million, we can do other types of commercial properties. Ground-Up construction - 70%-75% loan-to-cost, with 1-3 year terms, interest only payments, with liberal credit qualifications - down to 600. If we do our large balance over $5million, there are no credit qualifications, and we can even do non-recourse loans. If you have any questions, call me directly.
Single-family homes as an investment (SFI) are three times more popular than the second most popular investment property type, condominiums. When combined, residential 1-4 properties, which include SFIs, condominiums, town-homes and apartment buildings with less than five units, are by far the most popular types of investment properties among independent real estate investors.