Bridge

1-4 Family Residential

Term: Short (6 to 24 months)

  • Available for new and experienced customers

Loan Amount: Up to $7.5M

Max Loan to Cost: 85%

Max Loan to ARV: 70%

Online Sizer: One of the tools Toorak provides is our Online Sizer. This quickly and efficiently interacts with our guidelines to provide immediate feedback on the max leverage Toorak will go on our various programs.

Bridge

Multifamily/Mixed-Use

Term: Short (12 to 24 months)

  • Focus on infill locations with high occupancy rates
  • Increased scope of project review

Loan Amount: Up to $7.5M

Max Loan to Cost: 75%

Max Loan to ARV: 70%

Online Sizer: One of the tools Toorak provides is our Online Sizer. This quickly and efficiently interacts with our guidelines to provide immediate feedback on the max leverage Toorak will go on our various programs.

Ground-Up Construction

Term: Short (12 to 24 months)

  • Program for customers with higher construction experience
  • Focus on infill locations
  • Increased scope of project review

Loan Amount: Up to $10M

Max Loan to Cost: Up to 75% of purchase price

Max Blended LTC with Interest Reserve: 90%

Max Loan to As Repaired Value: 70%

Online Sizer: One of the tools Toorak provides is our Online Sizer. This quickly and efficiently interacts with our guidelines to provide immediate feedback on the max leverage Toorak will go on our various programs.

Rental (DSCR) Investor Loans

Term: Long (30 years)

  • Cashflow/DSCR-based underwriting

Maximum Loan Amount: Up to $3.0M

Minimum DSCR: 0.75x

Original LTV:

  • Max 80%

FICO:

  • Min 660

Online Sizer: One of the tools Toorak provides is our Online Sizer. This quickly and efficiently interacts with our guidelines to provide immediate feedback on the max leverage Toorak will go on our various programs.

UK (Residential, Mixed-Use, Commercial)

Term: 3–24 months

  • Available for new and experienced customers

Loan Amount: Up to £5.0M

Max Loan to Cost: 85%

Max Loan to Gross Development Value: 70%

Eligible Property Types

Residential Properties

  • Single Family Residences (“SFR”)
  • 2-4 Unit Homes
  • Condominiums
  • Townhomes

Multifamily and Mixed-Use Properties

  • Multifamily apartment buildings (5+ units)
  • Mixed-Use buildings (residential space is more than 70% of the property square footage and at least 70% of total gross potential rental income)

The following property types are NOT eligible for financing

  • Mobile home developments and cooperatives
  • Raw land where lots are not split and individually parceled and/or water/sewer/well/septic are not lateral ready
  • Working farms or ranches
  • Properties subject to purchase options
  • Single family condominiums of less than 500 square feet
  • 2-4 unit, multifamily or mixed-use residences of less than 500 square feet on average for each residential living unit and
  • Single family homes or townhomes of less than 700 square feet
  • Properties which are not in compliance with local zoning regulations
  • Single Room Occupancy (SROs)
  • Properties with known adverse environmental conditions
  • Properties with underground oil tanks
  • Areas where more than 10% of other properties within a 2-block radius are either clearly vacant, abandoned and/or boarded-up
  • Manufactured homes (not permanently affixed)
  • Container constructed properties