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- Fix & Flip: Interest rates from 10.99% (interest-only), origination from 1.99% — deal dependent. New Construction:Interest rates from 11.99% (interest-only), origination from 1.99%–3% — deal dependent.Additional closing costs:
- In-house appraisal fee: ~$249
- Loan documentation: ~$1,499
- Credit report: $85 (single) / $125 (joint)
- Flood certificate: $15
- Monthly loan servicing: $15
- Mandatory lender's title policy required at closing.
- Builder's Risk insurance required for the full loan duration.
- Fix & Flip: Up to 75% of After-Repaired Value (ARV), capped at 90% of cost. Points and fees excluded.
- New Construction: Up to 70% of ARV, capped at 85% of cost with appraisal, survey, and plans. Points and fees excluded.
- Loan terms: 6–12 months. Optional 3-month extension available for 1 point.
Silverton Capital lends to real estate investment entities. Here's what you'll need to qualify and what documents to have ready.
- Minimum credit score: 600
- Minimum liquid reserves: $15,000 in checking, savings, IRA, or 401(k)
- No recent bankruptcies or foreclosures (subject to review)
- All appraisals are based on After-Repaired Value (ARV) and ordered exclusively by Silverton Capital.
- Borrowers must provide a minimum 6-month, fully paid insurance policy at closing. New construction loans require a 12-month policy. Proof of insurance and invoice required before closing.
- Full payment of insurance premiums at closing is mandatory.
- Dwelling coverage must include vacancy and vandalism riders. Builder's Risk policy recommended for rehabs exceeding $20,000.
- Borrowers with blanket policies must provide proof of coverage for the new property.
- Replacement cost coverage is required.
- Lender must be listed as loss payee and additional insured. Arrange insurance early to avoid closing delays.
Getting reimbursed for completed rehab work is striaghtfroward. Here's the step-by-step process.
- 1. Complete the work first Borrowers are responsible for paying contractors upfront when work requires initial funds. Draws are reimbursements for completed work, not advances.
- 2. Submit a Draw Request Form Once work is complete, submit your Draw Request Form with property access details and inspector contact information.
- 3. Inspection is scheduled Our inspector will contact you to schedule a visit. Interior access is required.
- 4. Inspector verifies the work The inspector confirms completed work matches what was submitted on the Draw Request Form and sends the report to Silverton for approval.
- 5. Funds are released After approval, escrow funds are released electronically via ACH within 2–4 business days of the draw request.
- Single-family or up to 2-unit properties:
- $199Properties with 3+ units: fee varies by market
- The inspection fee is deducted from your escrow rehab account
- Unlimited draw requests are allowed
- Reimbursements are processed within 2–4 business days after the inspection report is received, deposited via ACH
FAQ's
A hard money loan is a short-term, asset-based loan used to finance the purchase and rehabilitation of investment properties. Unlike conventional loans, hard money loans are underwritten primarily on the value of the property rather than the borrower's income or credit history, which means faster approvals and faster closings.
The standard closing time is 3 to 5 business days and in certain cases, sooner.
We require a 600 minimum credit score.
Please visit our loan criteria to learn more.