Conventus funds 100% of renovation costs on fix-and-flip deals up to 85% LTP and 70% LTARV. No prior experience required. Multifamily value-add also available. 7-day draw funding with interest charged only on drawn funds.
| Fix & Flip Feature | Structure & Terms |
|---|
| Max LTP (Purchase Price) | 85% |
| Max LTC (Renovation Costs) | 100% of renovation funded |
| Max LTARV | 70% |
| Interest Rate Range | 9% to 12.99% |
| Origination Fee | 0% to 2% (min $1,500) |
| Loan Amount Range | $150,000 to $100,000,000 |
| Draw Funding Time | 7 days typical |
| Interest on Renovation Funds | Only on funds drawn |
| Experience Required | None — new investors welcome |
| Min Credit Score | 660 FICO |
| Prepayment Penalty | None on bridge loans |
| Multifamily Value-Add | Also available | 80% LTP / 100% LTC / 70% LTARV |
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 are available for 1-4 unit investment properties with 75% LTV, 660 FICO min, and 1.00x DSCR floor. No income verification or tax returns required. Fixed (30-year) and ARM (5/1 or 7/1) options available. Foreign nationals, permanent residents, and LLCs accepted.
| Rental DSCR Feature | Structure & Terms |
|---|
| Max LTV (Purchase / Rate-Term Refi) | 75% |
| Min DSCR | 1.00x |
| Interest Rate Range | 6.75% to 8.99% |
| Max Origination Fee | 4% |
| Loan Amount Range | $75,000 to $2,000,000 |
| Loan Term Options | 30-year fixed | 5/1 ARM | 7/1 ARM (all fully amortized) |
| Min Credit Score | 660 FICO (680 FICO preferred) |
| Income / Employment Verification | Not required — no tax returns needed |
| Portfolio Loans | Yes — 2 to 15 properties |
| Prepayment Penalty | Standard: 3-2-1% declining | Buydown option to 1 or 2 year |
| Required Reserves | 6 months PITIA (up to 12 months for multi-property loans) |
| Foreign Nationals | Accepted (also: permanent resident aliens and domestic LLCs) |
Conventus Bridge Loans close in 5-10 business days on residential and multifamily investment properties across 45 states. Up to 90% LTP on purchases, 80% LTV on rate-term refis, and 70% LTV on cash-out. 2nd lien positions available up to 65% CLTV.
| Bridge Loan Feature | Structure & Terms |
|---|
| Max LTP (Purchase, No Value-Add) | 90% residential | 80% multifamily |
| Max LTV (1st Lien Refi, No Cash-Out) | 80% residential | 70% multifamily |
| Max LTV (1st Lien Cash-Out Refi) | 70% residential | 65% multifamily |
| 2nd Lien Cash-Out | Up to 65% CLTV (cash-out available behind existing first mortgage) |
| Interest Rate Range | 9% to 12.99% |
| Loan Amount Range | $150,000 to $100,000,000 |
| Closing Time | 5-10 business days typical | 5 days fastest |
| Payment Structure | Interest only |
| Min Credit Score | 660 FICO |
| Prepayment Penalty | None on bridge loans |
