Property Type: One to four family residential properties, some mixed-use and small commercial properties for business and investment purposes.
Stonehedge Funding does not finance owner-occupied residential properties.
Geographic Area: Philadelphia and surrounding suburbs, NJ and Delaware.
Credit: Credit Based Loan depending on fix/flip or buy/hold.
Loan Amount: Determined by strenght of borrower and transaction financed.
Renovation: Flexible draw schedule contoured to your specific transaction.
Terms: Most commonly 12 months, taylored to meet your transactional needs. Interest only payments based on principle balance.
Interest Rate and Fees: Are determined by transaction financed, loan amount, deal volume, strenght of borrower, income, credit, and cash liquidity.
Loan Structure: We are flexible and creative to meet each individual customers needs.
LTV: Up to 70% ARV or 100% with side collateral.
Lien Position and Collateral: First mortgage lien position on acquired real estate. No Subordinate financing permitted.
Types of Borrowers: Individuals, limited partnerships, and limited liability companies.
Guaranty: Personal guaranties will be required.
Underwriting Guidelines: We look at each client indivially and each deal in its entirety. You are dealing directly with the dicision maker. Because Stonehedge Funding is privately owned, we have the ability to be adaptable. Credit Reports – tri-merged and scored reports ordered by lender with a full application package
 Closing: Quick! Property must be inspected and borrower must have title insurance. Returning customers using familiar  title companies close even quicker.