Guidelines

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, Southern NJ and Delaware.

Credit:    Credit Based Loan depending on fix/flip or buy/hold.

Loan Amount:    Determined by strength of borrower and transaction financed.

Renovation:    Flexible draw schedule contoured to your specific transaction and no draw fees.

Terms:    Most commonly 12 months, tailored 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, strength of borrower, income, credit, and cash liquidity.

Loan Structure:    We are flexible and creative to meet each individual customer's needs.

LTV:    Up to 70% ARV or 100% with acceptable 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 individually and each deal in its entirety. You are dealing directly with the decision 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.