ICECAP GROUP
31 West 34th Street, New York, NY 10001
https://icecapgroup.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
10
Total loans closed with Loan Factory (past 12 months)
4
Lender overview
Basic information
N/A
Mortgagee: Ice Lender Holdings LLC ISAOA/ATIMA, 31 West 34th St, Suite 1012, New York, NY 10001
Mortgagee: Ice Lender Holdings LLC ISAOA/ATIMA, 31 West 34th St, Suite 1012, New York, NY 10001
Lock policies & Fees
Lock Policies
1 extension for 15 days available
N/A
No
Lender's niche & Overlays
Bridge/Renovation/Construction, Blanket Portfolio DSCR, 1-4 unit DSCR, Multi Unit Mixed Use DSCR
DSCR andBridge loans:
- 1-4 unit and condos(5+ unit and mixed use sent through our separate review process)
- Light Rehab Budgets and stabilized bridge only in the portal (Heavy rehab or new construction sent through a separate review process)
- No Experience is ok at min of 25% down and 65 ARV LTV
- 3+ experience gets you to 10% down (90LTV) and 100% of rehab (75% ARV LTV) (zip code adjustments will apply to reducing leverages)
- Rates starting at 9.99% with 10+ experience and 10.25% with 3+ experience with only 1 point to BluFin/IceCap (pricing example attached)
- 12 month interest only loan with no PPP(3 months of min interest)
- Always Non Dutch Interest, pay on initial loan amount and as you draw down from the reserve
- 1-4 unit rehab
- 1-9 unit DSCR and mixed use
- Blanket DSCR 25 1-4 unit properties in a single loan
- Foreign National, no credit to 75 LTV
None
Lender turn time
1
1
N/A
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