1Y + 2Y P&L

Loan Program

1Y + 2Y P&L

At Fundrock Capital, a leading mortgage lender, we offer Non-QM 1-year and 2-year P&L loans tailored for self-employed individuals. These loans allow borrowers to use their business’s Profit & Loss (P&L) statement to qualify, bypassing traditional income verification. A Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer prepares the P&L statement, crucial for our P&L loan program. We provide loans up to $4 million, with up to 80% CLTV, making our P&L loans a flexible and accessible mortgage solution for self-employed clients.

LOAN CRITERIA

Collateral

Non-Owner Occupied Single-Family Properties; Condos; Townhomes

Term:

40- & 30-year fixed

Loan Amount:

Up to $2.5 Million

Minimum Property Value:

$150k** **As-Completed Value

Rates:

Starting at 10.99%

Minimum FICO:

660

New Construction
Loan Program Typical Leverages

ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS

TIER 1

Completed 10 or More Ground Up Construction Projects

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 75% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 80% of the As-Is Value

Up to 75% of the As-Is Value

Up to 80% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 75% ARV

TOTAL LOAN-TO-COST

Up to 75% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 72.5% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 72.5% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 75% ARV

TOTAL LOAN-TO-COST

Up to 75% ARV

TIER 2

Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 75% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 75% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 70% ARV

TOTAL LOAN-TO-COST

Up to 70% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 72.5% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 72.5% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 70% ARV

TOTAL LOAN-TO-COST

Up to 70% ARV

TIER 3

Completed 3+ Investment Real Estate Transactions, At Least One Must Be Heavy Rehab

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 70% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 72.5% of the As-Is Value

Up to 70% of the As-Is Value

Up to 72.5% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 67.5% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 67.5% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

TIER 4

New Customer

PURCHASE

INITIAL LOAN AMOUNT

MAXIMUM LOAN-TO-VALUE

Up to 70% of the As-Is Value

MAXIMUM LOAN-TO-COST

Up to 70% of the As-Is Value

MAX LOAN AMOUNT

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

REFINANCE

MAXIMUM LOAN-TO-VALUE

Up to 65% of the As-Is Value

MAXIMUM LOAN-TO-COST

N/A

Up to 65% of the As-Is Value

N/A

MAXIMUM AFTER-REPAIR VALUE

Up to 65% ARV

TOTAL LOAN-TO-COST

Up to 65% ARV

At least one borrower or guarantor must have the number of qualifying pieces of experience as dictated above or equivalent experience in the past three (3) years and at least one (1) year in the business of acquiring real estate for investment purposes or renovating real estate.

1Y + 2Y P&L

1Y + 2Y P&L

LOAN CRITERIA

LOAN CRITERIA

Collateral

Term:

Loan Amount:

Minimum Property Value:

Rates:

Minimum FICO:

New Construction Loan Program Typical Leverages

TIER 1

PURCHASE

PURCHASE

REFINANCE

REFINANCE

TIER 2

PURCHASE

PURCHASE

REFINANCE

REFINANCE

TIER 3

PURCHASE

PURCHASE

REFINANCE

REFINANCE

TIER 4

PURCHASE

PURCHASE

REFINANCE

REFINANCE

READY TO GET STARTED?

New Construction
Loan Program Typical Leverages