RealtyShares provides loans secured by residential properties (1-4 units) and commercial properties like apartment buildings. Most of these loans are rehab or construction loans with maturities ranging from 3 to 18 months. We require that the Borrower have a minimum credit score of at least 600 and that the loan meet the following criteria:
(1) Loan to cost (LTC) is less than 80%; and
(2) The estimated loan to after repair value (once the property is rehabbed) is less than 65%
For second position or mezzanine loans, we may lend up to 90% LTC.