Penstock delivers flexible financing options for residential and commercial asset classes – an offering that is unique in private lending and provides more solutions to borrowers and brokers. We bring a client-first, hands-on approach to every transaction while providing a customized loan structure that meets the short- and long-term goals of each borrower.
Loan Programs
Bridge
(Residential)
A Bridge loan provides temporary financing for residential properties and does not include funds for rehab or construction.
(Residential)
Fix/Flip
Fix and flip loans provide additional funds to complete renovations for residential projects
New Construction
(Residential)
New construction loans provide acquisition and vertical financing for builders and developers to complete residential, ground-up construction projects.
Commercial
Short term, value-add, transitional financing across all commercial asset classes with the ability to accommodate vacancy concerns and lease-up.
Loan Characteristics
Property Types
Loan Size
LTV-AIV
LTC
LTV-ARV
Minimum FICO
Term
Experience Required
Interest Rate
Origination Fees
Bridge
Residential (1-4 units);
Multifamily (5-8 units)
$500K-$10MM
75%
75%
75%
680
6-12 months
None
10.00% +
1-3%
Fix/Flip
Residential (1-4 units);
Multifamily (5-8 units)
$500K-$10MM
75%
85%
75%
680
6-12 months
1+
10.50% +
1-3%
New Construction
Residential (1-4 units);
Multifamily (5-8 units)
$500K-$10MM
75%
85%
75%
680
6-24 months
3+
11.00% +
1-3%
Commercial
All Commercial Properties
Including Land
$500K-$10MM
75%
75%
N/A
N/A
6-24 months
None
10.50% +
1-3%
Loan Characteristics
Bridge
Property Types Residential (1-4 units);
Multifamily (5-8 units)
Loan Size $100K-$3MM
LTV-AIV 75%
LTC 75%
LTV-ARV 75%
Minimum FICO 680
Term 6-12 months
Experience Required None
Interest Rate 9.50% +
Origination Fees 1-3%
Fix/Flip
Property Types Residential (1-4 units);
Multifamily (5-8 units)
Loan Size $100K-$3MM
LTV-AIV 75%
LTC 85%
LTV-ARV 75%
Minimum FICO 680
Term 6-12 months
Experience Required 1+
Interest Rate 10.00% +
Origination Fees 1-3%
New Construction
Property Types Residential (1-4 units);
Multifamily (5-8 units)
Loan Size $100K-$3MM
LTV-AIV 75%
LTC 85%
LTV-ARV 75%
Minimum FICO 680
Term 6-12 months
Experience Required 3+
Interest Rate 10.50% +
Origination Fees 1-3%
Commercial
Property Types Multifamily, Retail, Office,
Industrial, Self- storage,
select Hospitality,
and Land
Loan Size $500K-$10MM
LTV-AIV 75%
LTC 75%
LTV-ARV N/A
Minimum FICO N/A
Term 6-24 months
Experience Required None
Interest Rate 10.00% +
Origination Fees 1-3%
Where We Lend
Approval Process
We discuss your borrowing needs and financial situation, the financing options available to you and answer any preliminary questions
01
Discuss
Fill out an application in person or online in less than 10 minutes
02
Apply
We review your application same day and issue a term sheet
03
Term Sheet
We provide a diligence request list and an estimated timeline to close
04
Under-
Writing
Final review and provide approval to fund
05
Approval
The loan closes - typically within 15 days from receipt of the initial application
06