Services: Tailored Financial Solutions for Every Need
At Destination Funding, we offer a comprehensive range of financial solutions to help investors achieve their goals. Our services are designed to be flexible, personalized, and aligned with your specific needs.
Make Your Real Estate Investment Dreams a Reality
Whether you’re a first-time investor or a seasoned real estate developer, Destination Funding offers tailored financing solutions to help you succeed in the competitive property market. Our real estate financing options include:
Financing for Property Renovations and Sales
Our Fix and Flip loans provide the capital you need to purchase, renovate, and sell residential investment properties. With financing options covering up to 90% of the purchase price and 100% of the rehab budget, we ensure you have the flexibility to make your investment successful. Ideal for non-owner-occupied homes (1-4 units), these short-term loans offer quick approvals and competitive terms to help you transform and sell properties efficiently.
Fix and Flip – Terms
12 months standard
18 month option case-by-case
Rehab/Construction Financing
Up to 100% of rehab budget
Maximum LTC (% of Purchase Price)
Up to 90% LTC
Maximum Loan-To-Value(Ltv)
Up to 75% ARLTV
When Do We Use Ltv Vs Ltc?
Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget)
Recourse
Full Recourse Only
Loan Amount
$50K – $3.5MM
Loan Purpose
Rehab loan for non-owner occupied residential investment property
Borrower Type
Entity required
Property Types
Non-Owner Occupied:
Attached or detached SFR
1-4 unit properties
Townhomes
Warrantable Condos
Foreign Nationals
Not allowed from ineligible country list
Minimum Experience
NO prior experience required
Financing for New Residential Developments
Our Ground Up Construction loans are designed for real estate investors looking to build new homes from the ground up. We offer funding for 1-4 unit residential properties with flexible terms, covering up to 85% of total project costs. Whether you’re a seasoned developer or embarking on your first project, we provide fast approvals and competitive rates to help you successfully complete your construction and meet market demands.
Ground Up – Terms
Maximum Loan To Cost
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 85% of total project costs
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Maximum Loan To Arv
Up to 70%
Recourse
Full Recourse
Reserves/Escrows
Interest Reserve:
Minimum 1 month
Experience
Previous real estate experience required: 1-2 Ground ups
GCs if experience if permits tie to Ground ups
Guarantors with no experience permitted on a case by case basis
Loan Amount
Min: $50,000
Max: $3,500,000
Term Length
12 months, Up to 18 at Lender Discretion
Property Count
Min: 1
Max: 2
Permitted Property Types
Eligible:
Non-owner Occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops / TICs
Commercial Property
Log Homes
Properties Subject to Oil and/or Gas Leases
Operating Farms, Ranches, or Orchards
Vacation or Seasonal Rentals
Rural properties
Experienced Developer Program (3+ Similar Past Projects)
Maximum Loan To Cost
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 90% of total project costs
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Maximum Loan To Arv
Up to 70%
Recourse
Full Recourse
Reserves/Escrows
Interest Reserve:
Minimum 1 month
Minimum 6 months full boat IR funded with initial loan amount for 90% LTC loans
Experience
Previous real estate experience required: 3+ similar Ground-up builds + heavy rehabs with expansion. Professional deveopment / builder.
Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria
Loan Amount
Min: $50,000
Max: $3,500,000
Term Length
12 months, Up to 24 at Lender Discretion
Property Count
Min: 1
Max: 10
Permitted Property Types
Eligible:
Non-owner Occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops / TICs
Commercial Property
Log Homes
Properties Subject to Oil and/or Gas Leases
Operating Farms, Ranches, or Orchards
Vacation or Seasonal Rentals
Rural properties
Short-Term Financing for Rent-Ready Properties
Our Stabilized Bridge loans are perfect for investors looking for short-term financing on rent-ready properties that require no further renovations. With loan amounts starting at $75,000 and terms up to 18 months, this solution is designed for properties recently renovated or constructed. It’s ideal for investors who need flexible, quick funding to bridge the gap before securing long-term financing or completing a sale.
Terms
12 months standard
18 month option case-by-case
Rehab/Construction Financing
Up to 100% of rehab budget
Maximum LTC (% of Purchase Price)
Up to 90% LTC
Maximum Loan-To-Value(Ltv)
Up to 75% ARLTV
When Do We Use Ltv Vs Ltc?
Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget)
Recourse
Full Recourse Only
Loan Amount
$50K – $3.5MM
Loan Purpose
Rehab loan for non-owner occupied residential investment property
Borrower Type
Entity required
Property Types
Non-Owner Occupied:
Attached or detached SFR
1-4 unit properties
Townhomes
Warrantable Condos
Foreign Nationals
Not allowed from ineligible country list
Minimum Experience
NO prior experience required
Max LTC
85% of purchase price + verified completed capex if property owned < 6 months
Max LTV
70% LTV
Min DSCR
1.10 Exit DSCR based on lower of in place rent and market rent
Min FICO
660
Purpose
To provide bridge financing on a property that is currently rented or soon to be rented, but is not yet ready for permanent financing
Loan Amount
Min: $75,000
Max: $1,000,000 for SFR,
$2,000,000 for 2-4 unit / larger loans allowed at lender discretion
Term Length
12 Months, up to 18 at lender discretion
Property Types
Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
Property Condition
C4 or better with no deferred maintenance
Collateral Restrictions
No rural, exotic, or unique properties
Long-Term Financing for Rental Properties
Our Single Property Rental loans are designed for real estate investors looking to purchase or refinance non-owner-occupied rental properties with 1-4 units. With flexible 30-year fixed and adjustable-rate mortgage (ARM) options, these loans offer competitive rates and are ideal for long-term investments. Whether you’re acquiring new properties or refinancing existing ones, we provide flexible terms to help you maximize cash flow and grow your rental portfolio.
Term
30-year fixed, arm options available
Recourse
Full Recourse only
Loan Types
30-Year fixed rate mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing)
Experience
not required
Loan Purpose
Purchase, rate-term refinance, or cash-out of a single rental property
Minimum Fico
660
Borrower Type
Entity required
Interest Rate
call for quote
Property Types
Single Family Residences (SFR)
1-4 unit properties
Warrantable condos
Townhomes
PUD
Vacancy Maximum
purchases only or leased within 30 days
Rural Properties
not permitted
Foreign Nationals
not allowed from ineligible country list
Lease Requirements
Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
Unleased Units: 90% of Market Rent (Purchase Loans only)
Maximum Loan To Cost
If Owned < 3 months, 80% of Total Cost Basis
Minimum Loan Amount
$75k – $2MM
Maximum loan-to-value (ltv)
up to 80% on purchase and rate & term. Up to 75% on cash-out
Property Or Unit Acquisition Minimum
1 property per loan
Minimum Debt Service Coverage Ratio (Gross Rent/Pitia)
1.10x
Seasoning Requirement (To use value vs. Cost basis)
180 days
Financing for Multiple Rental Properties
Our Rental Portfolio loans offer flexible financing for investors managing multiple non-owner-occupied rental properties, including single-family homes, townhomes, and condos. With loan amounts ranging from $250,000 to $50 million, our solutions accommodate both small and large-scale investors. We offer up to 80% loan-to-value (LTV) on purchases and refinances, along with competitive rates and customizable 5, 10, or 30-year terms, allowing you to build and grow your rental property portfolio efficiently.
We understand the unique challenges of real estate investing and provide financing that supports both long-term success and short-term gains.
Term
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
Lease Requirements
Minimum Occupancy Rate of 90% by Unit Count
Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
Unleased Units: 90% of Market Rent (Purchase Loans only)
Recourse
Full Recourse with Pledge of Equity of Borrowing Entity
Loan Purpose
Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties
Minimum Fico
680
Borrower Type
Entity required
Interest Rate
Call for quote
Property Type
Non-Owner Occupied:
Single Family Residences (SFR)
1-4 unit properties
Warrantable condos
Townhomes
PUD
Minimum debt service coverage ratio (net cash flow/debt service)
1.20x
Vacancy Minimum
Min. 90% occupancy rate by unit count
Rural Properties
Not permitted
Foreign Nationals
Eligible at maximum 65% LTV
Loan Amount
Minimum Property Value: $100K
Maximum Loan Amount: $2MM
Property Restrictions
No vacation or seasonal rentals
Maximum Loan-To-Value (Ltv)
Up to 80% on purchase and refi. Up to 75% on cash-out
Seasoning Requirement (To Use Value Vs. Cost Basis)
180 days
available from 10:00 – 19:00
Address Eagle west tower unit 2/1522
Email sales@destinationfunding.com
