Conventus funds fix-and-flip deals at up to 90% of purchase price with 100% of renovation costs financed and interest charged only on drawn funds. Pre-approvals come back in 24 to 48 hours with closings in 5 to 10 business days, and there is no prepayment penalty.
| Fix & Flip Feature | Structure & Terms |
|---|
| Max LTP (Purchase Price) | Up to 85% of purchase price |
| Max LTC (Renovation Costs) | 100% of renovation funded |
| Max LTARV | 70% |
| Interest Rate Range | 9% to 12.99% |
| Origination Fee | 0% to 2% (minimum $1,500) |
| Loan Amount Range | $150,000 to $100,000,000 |
| Loan Term | 6 to 60 months, interest-only |
| Min Credit Score | 660 FICO |
| Prepayment Penalty | None |
| Speed to Close | Pre-approval in 24 to 48 hours; typical close 10 days, fastest 5 days |
| Multiple Projects | Conventus supports investors running multiple concurrent flips. Track live budget variance across every active project with the FlipperForce Project Budgeter. |
Conventus funds ground-up residential and multifamily construction with up to 80% LTC and 70% LTCV, with land acquisition financing up to 60% LTP. Loan amounts up to $100M with terms up to 60 months.
| Construction Feature | Structure & Terms |
|---|
| Max LTP (Land Acquisition) | 60% |
| Max LTC (Construction Costs) | 80% |
| Max LTCV | 70% |
| Loan Amount Range | $150,000 to $100,000,000 |
| Property Types | Residential and multifamily ground-up construction |
| Loan Term | Up to 60 months |
| Min Credit Score | 660 FICO |
| Prepayment Penalty | None on construction loans |
Conventus DSCR rental loans qualify on the property's cash flow with no tax returns, borrower income, or employment verification. Fixed 30-year, 5/1 ARM, and 7/1 ARM options are available with a borrower-elected rate buydown, closing in 30 to 45 days.
| Rental DSCR Feature | Structure & Terms |
|---|
| Loan Term Options | 30-year fixed | 5/1 ARM | 7/1 ARM |
| Rate & Pricing | Contact for Rates. Conventus does not publish DSCR rates. They do offer a rate buydown: paying 1.5% origination instead of 1% buys the rate down 0.25%, and 2% buys it down 0.5%. |
| Qualification Method | Qualified on the property's DSCR. No tax returns, borrower income, or employment verification required. |
| Rent Calculation | The lesser of appraiser-provided or Conventus-estimated stabilized market rents sets gross potential rent, plus ancillary income from parking, storage, and laundry. |
| Prepayment Penalty | Step-down structure: 3-2-1 or 5-4-3-2-1. A discount is available for a minimum interest period. |
| Required Reserves | Additional reserves required for multi-property loans, not to exceed 12 months |
| Portfolio Release | Release price is 120% of the property's allocated loan amount plus any applicable prepayment penalty |
| Speed to Close | Close in 30 to 45 days. BRRRR investors can model projected DSCR and cash-on-cash returns in the FlipperForce BRRRR Analyzer before committing to the refinance exit. |
Conventus bridge loans close in 5 to 10 business days on residential and multifamily investment property, with pre-approval in 24 to 48 hours and no prepayment penalty. Second and third lien positions are available for investors pulling cash out without touching an existing first mortgage.
| Bridge Loan Feature | Structure & Terms |
|---|
| Use Cases | As-is acquisitions, rate-term refinances, cash-out refinances, and repositioning plays on non-owner occupied single and multifamily residential property. Conventus also handles specialty scenarios including condo conversions, TIC structures, partner buyouts, and vacation rentals. |
| Max LTP (Purchase, No Value-Add) | 90% residential | 80% multifamily |
| Max LTV (Refi, No Cash-Out) | 80% residential | 70% multifamily |
| Max LTV (Cash-Out Refi) | 70% residential | 65% multifamily |
| 2nd Lien Cash-Out | Up to 65% CLTV. 2nd and 3rd lien positions available, which is uncommon among institutional private lenders and lets investors pull cash out without refinancing an existing first mortgage. |
| Interest Rate Range | 9% to 12.99% |
| Origination Fee | 0% to 2% (minimum $1,500). Processing fee typically around $1,500. |
| Loan Amount & Term | $150,000 to $100,000,000 | 6 to 60 months | Interest-only | No prepayment penalty |
| Speed to Close | Pre-approval in 24 to 48 hours; typical close 10 days, fastest 5 days |
| BRRRR Strategy | Conventus covers the acquisition and rehab leg and the long-term DSCR exit. Model the full cycle in the FlipperForce BRRRR Analyzer before committing to the bridge. |
