Loan Programs
iPG Money offers short-term and long-term financing options for real estate investors. Whether you are looking to fix & flip properties or hold properties for rental income, iPG has flexible options that are suited to your needs.
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
Click on a program below to learn more information about the financing options available:
FIX & FLIP
LONG-TERM RENTAL
MULTIFAMILY
NEW CONSTRUCTION
Investor Rental Portfolio
Fix & Flip Loans
iPG Money’s ARV Loan Program offers financing for up to 90% of the purchase price + 100% of renovation costs for rehab projects, not to exceed 75% of the after-repair value.
Plus, iPG Money only charges interest on your outstanding balance, not on the rehab holdback, so you don’t pay for the funds you aren’t using.
Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
Term:
12 – 18 Months
Minimum After Repair Value:
$100k for Single-Family
$100k for 2-4 Family
$350k for Multi-Family (5+)/Mixed-Use
$100k for 2-4 Family
$350k for Multi-Family (5+)/Mixed-Use
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $2.5M for Multi-Family (5+)/Mixed-Use
$250k – $2.5M for Multi-Family (5+)/Mixed-Use
Minimum FICO:
660
Rates:
As Low As 9.99% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty:
N/A
ARV Loan Program Typical Leverages & Rates
NEW
INVESTOR
Completed up to 2 Flips
in the Last 3
Years
LTV
Up to 80% of Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the ARVRATES
Starting at 10.99%
INTERMEDIATE
INVESTOR
Completed Between 3 & 5 Flips in the Last 3 Years
LTV
Up to 85% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 75% of the ARVRATES
Starting at 10.49%
EXPERIENCED
INVESTOR
Completed More Than 10 Flips in the Last 3 Years (720+ Minimum FICO)
LTV
Up to 90% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 75% of the ARVRATES
Starting at 9.99%Long-Term Rental Loans
iPG Money remains committed to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 5.50% to ensure that our customers have true long-term financing options.
Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV:
Purchase:
Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance:
Up to 80% of the As-Is Value
Cash-Out:
Up to 75% of the As-Is Value
Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance:
Up to 80% of the As-Is Value
Cash-Out:
Up to 75% of the As-Is Value
Amortization Options:
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available
Property Values:
“As Is” Appraised Value Must Be $100k or Greater
(Geographical Restrictions May Apply)
Loan Amount:
$55k – $2M
Debt Service Coverage Ratio (DSCR):
1.05
Minimum FICO:
660
Rates:
Starting at 5.50%
Long-Term Rental
Loan Program Typical Leverages
PURCHASE
- FICO
- 740+
- 700 - 739
- 680 - 699
- 660 - 679
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 80% of the As-Is Value
- Up to 80% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
- MAXIMUM LOAN-TO-COST (LTC)
- Up to 80% Loan-to-Cost
- Up to 80% Loan-to-Cost
- Up to 75% Loan-to-Cost
- Up to 70% Loan-to-Cost
REFINANCE
- FICO
- 740+
- 700 - 739
- 680 - 699
- 660 - 679
- MAXIMUM LOAN-TO-COST (LTC)
- Up to 80% of the As-Is Value
- Up to 80% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 65% of the As-Is Value
CASH-OUT
- FICO
- 740+
- 700 - 739
- 680 - 699
- 660 - 679
- MAXIMUM LOAN-TO-COST (LTC)
- Up to 75% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
- Up to 60% of the As-Is Value
Multi-Family Loans
iPG Money offers short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments.
SHORT TERM
LONG TERM
Collateral
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space Must Represent 70%+ of the Property’s Total Square Footage)
Term:
12 – 18 Months (Extended Terms Available)
Loan Amount:
Short-Term: $250k – $2.5M ($1M Max per unit)
FICO:
Short-Term: 660 Minimum
LTV:
Stabilized Bridge
Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value
Fix & Flip
Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 75% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 70% of the As-Is Value + 100% of Renovation Costs
Refinance: Up to 75% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 70% of the As-Is Value + 100% of Renovation Costs
Short Term Multi-Family
Loan Program Typical Leverages
PURCHASE
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 75% of the As-Is Value
REFINANCE
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 70% of the As-Is Value
CASH-OUT
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 65% of the As-Is Value
FIX & FLIP PROGRAM
EXPERIENCED CUSTOMER
(Completed 5+ Flips in the Last 3 Years)
PURCHASE
LIGHT REHAB
HEAVY REHAB*
- MAXIMUM LOAN-TO-VALUE
-
Up to 80% of Purchase Price
+ 100% of Rehab Costs
- MAXIMUM AFTER-REPAIR VALUE
-
Up to 65%
of the ARV
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 75% of the As-Is Value
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 75% of the As-Is Value
REFINANCE
- MAXIMUM LOAN-TO-VALUE
-
Up to 75% of Purchase Price
+ 100% of Rehab Costs
- MAXIMUM AFTER-REPAIR VALUE
-
Up to 65%
of the ARV
- MAXIMUM LOAN-TO-VALUE (LTV)
-
Up to 75% of Purchase Price
+ 100% of Rehab Costs
- MAXIMUM LOAN-TO-VALUE (LTV)
-
Up to 60%
of the ARV
CASH-OUT
- MAXIMUM LOAN-TO-VALUE
-
Up to 70% of Purchase Price
+ 100% of Rehab Costs
- MAXIMUM AFTER-REPAIR VALUE
-
Up to 60%
of the ARV
- MAXIMUM LOAN-TO-VALUE (LTV)
- Not Permitted
- MAXIMUM LOAN-TO-VALUE (LTV)
- Not Permitted
*Rehab Budget is greater than 100% and less than 150% of the lower of “As Is” value (purchase and refinance) or purchase price (if a purchase), is a condo conversion, involves more than 20% expansion of the property of at least 750 square feet, or involves a change of use.
NEW CUSTOMER
(Completed < 3 Flips in the Last 3 Years)
- MAXIMUM LOAN-TO-VALUE
-
Up to 70% of Purchase Price
+ 100% of Rehab Costs
- MAXIMUM AFTER-REPAIR VALUE
-
Up to 65%
of the ARV
Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV:
Purchase:
Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance:
Up to 80% of the As-Is Value
Cash-Out:
Up to 75% of the As-Is Value
Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance:
Up to 80% of the As-Is Value
Cash-Out:
Up to 75% of the As-Is Value
Amortization Options:
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available
Collateral
Multi-Family Apartment Buildings (5-9 Units)
Term:
30-Years (Amortization Options Available)
Loan Amount:
$100k – $2M
Long-Term Rental
Loan Program Typical Leverages
PURCHASE
- FICO
- 740+
- 700 - 739
- 680 - 699
- 660 - 679
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 80% of the As-Is Value
- Up to 80% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
- MAXIMUM LOAN-TO-COST (LTC)
- Up to 80% Loan-to-Cost
- Up to 80% Loan-to-Cost
- Up to 75% Loan-to-Cost
- Up to 70% Loan-to-Cost
REFINANCE
- FICO
- 740+
- 700 - 739
- 680 - 699
- 660 - 679
- MAXIMUM LOAN-TO-COST (LTC)
- Up to 80% of the As-Is Value
- Up to 80% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 65% of the As-Is Value
CASH-OUT
- FICO
- 740+
- 700 - 739
- 680 - 699
- 660 - 679
- MAXIMUM LOAN-TO-COST (LTC)
- Up to 75% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
- Up to 60% of the As-Is Value
New Construction Loans
iPG Money is able to provide financing to cover all of your ground-up construction needs. This program offers an 18-month term and rates starting at 10.99% to make sure your project is well-funded from start to finish.
Collateral
Non-Owner Occupied Single-Family
Properties; Condos; Townhomes
Properties; Condos; Townhomes
Term:
12 – 24 Months
Loan Amount:
$100k* – $2M
*Based on Max Loan Amount
*Based on Max Loan Amount
Minimum Property Value:
$150k**
**As-Completed Value
**As-Completed Value
Rates:
Starting at 10.99%
Minimum FICO:
650
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 LOAN-TO-COST
- 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 90% LTC
REFINANCE
- MAXIMUM LOAN-TO-VALUE
- Up to 75% of the As-Is Value
- MAXIMUM LOAN LOAN-TO-COST
- N/A
- MAXIMUM AFTER-REPAIR VALUE
- Up to 75% ARV
- TOTAL LOAN-TO-COST
- Up to 90% LTC
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 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 85% LTC
REFINANCE
- MAXIMUM LOAN-TO-VALUE
- Up to 72.5% of the As-Is Value
- MAXIMUM LOAN LOAN-TO-COST
- N/A
- MAXIMUM AFTER-REPAIR VALUE
- Up to 75% ARV
- TOTAL LOAN-TO-COST
- Up to 85% LTC
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
MAX LOAN AMOUNT
- MAXIMUM AFTER-REPAIR VALUE
- Up to 65% ARV
- TOTAL LOAN-TO-COST
- Up to 85% LTC
REFINANCE
- MAXIMUM LOAN-TO-VALUE
- Up to 67.5% of the As-Is Value
- MAXIMUM LOAN LOAN-TO-COST
- N/A
- MAXIMUM AFTER-REPAIR VALUE
- Up to 65% ARV
- TOTAL LOAN-TO-COST
- Up to 85% LTC
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 82.5% LTC
REFINANCE
- MAXIMUM LOAN-TO-VALUE
- Up to 65% of the As-Is Value
- MAXIMUM LOAN LOAN-TO-COST
- N/A
- MAXIMUM AFTER-REPAIR VALUE
- Up to 65% ARV
- TOTAL LOAN-TO-COST
- Up to 82.5% LTC
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.
Investor Rental
Portfolio Loans
iPG Money provides investors with the financing to build long term wealth with our Investor Rental Portfolio loan program. With flexible term lengths and low rates, our clients have everything they need to grow their real estate empire.
Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Multi-Family Apartment Buildings (5 – 9 Units)
Term:
3, 5, 7, & 10 Year
Amortization Options:
3 Year Term: 30Y Amort + 3Y Balloon, or 3Y IO + 3Y Balloon
5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon
5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon
Minimum Loan Amount:
$55k per Individual Property
Maximum Loan Amount:
$1.5M per Individual Property
$20M Overall Portfolio
$20M Overall Portfolio
Minimum Property Value:
Individual Property Value:
1 Unit: $75k
2 – 4 Units: $100k
5 – 9 Units: $125k
Average Portfolio Value:
$100k
Credit Score:
680
Minimum Occupancy Rate:
90%*
*As Evaluated by Both Property Value and Unit Count
*As Evaluated by Both Property Value and Unit Count
Minimum DSCR Requirement:
1.20
Investor Rental Portfolio
Loan Program Typical Leverages
PURCHASE
- FICO
- 740+
- 700 - 739
- 680 - 699
- MAXIMUM LOAN-TO-VALUE (LTV)**
- Up to 70% of the As-Is Value
- Up to 65% of the As-Is Value
- Up to 60% of the As-Is Value
- MAXIMUM LOAN-TO-COST (LTC)**
- Up to 70% Loan-to-Cost
- Up to 65% Loan-to-Cost
- Up to 60% Loan-to-Cost
REFINANCE
- FICO
- 740+
- 700 - 739
- 680 - 699
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 65% of the As-Is Value
- Up to 60% of the As-Is Value
- Up to 55% of the As-Is Value
CASH-OUT
- FICO
- 740+
- 700 - 739
- 680 - 699
- MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 65% of the As-Is Value
- Up to 60% of the As-Is Value
- Up to 55% of the As-Is Value