Get in touch
220. W. Congress St, Floor 2, STE 1032
Detroit, MI 48226
(313) 583-7374
support@nuvoprivatelending.com
Ground Up Retail
Retail
• Ground-up construction or retrofit of existing structures
• Minimum 10-year NNN lease executed pre-close
• All direct project costs including land and soft costs included
• Single tenant project with strong credit preferred
• Only strong national credit tenants considered for multi tenant projects
$2,000,000 - $200,000,000
80-100%
Up to 75%
Interest/tax/insurance/construction
12-36 months
Open prepay with minimum interest
• Non-recourse with completion guaranty
• Surety bond may be required
• 15% of loan size
640
None in last 5 years
• SFR 1-4 units
• Up to 200 units
$250,000 - $100,000,000
1st only
• Purchase
• Refinance
• Up to 75% of purchase price
• 100% of rehab
• 85% LTC
• Up to 75%
• 12-36 months
• Interest only
• Full recourse
Ground Up Residential
Ground Up Residential
• SFR 1-4 units
• Up to 100 units
$250,000 - $25,000,000
1st only
• Purchase
• Refinance
• Up to 75% of purchase price
• 100% of rehab
• 85% LTC
• Up to 75%
• 12-36 months
• Interest only
• Full recourse
Residential Buildings with 5+ Units
Large Balance Commercial
Multifamily, retail, mixed use, office buildings, industrial and warehouse, self-storage,
strip centers
$1,000,000 - $250,000,000
Senior first mortgage loans only
Up to 90%
• 60% special use
• 75% generic
• 80% multifamily
12-36 months
Interest only
Full or partial recourse to borrower
15% of loan amount
650 or higher
Multifamily & mixed use
$500,000 - $150,000,000
Senior first mortgage loans only
• Up to 85% for multifamily
• Up to 80% for mixed use
• Up to 80% for multifamily
• Up to 75% for mixed use
• Up to 75% for multifamily
• Up to 70% for mixed use
Up to 70% for multifamily and mixed use
Up to 100% for multifamily and mixed use
• 12-36 months
• Interest only amortization
• Full or partial recourse
15% of loan amount
650 or higher
Multifamily / Mixed Used
Multifamily / Mixed Used
Multifamily & mixed use
$500,000 - $50,000,000
Senior first mortgage loans only
• Up to 85% for multifamily
• Up to 80% for mixed use
• Up to 80% for multifamily
• Up to 75% for mixed use
• Up to 75% for multifamily
• Up to 70% for mixed use
Up to 70% for multifamily and mixed use
Up to 100% for multifamily and mixed use
• 12-36 months
• Interest only amortization
• Full or partial recourse
15% of loan amount
650 or higher
Residential Fix & Flip
• SFR 1-4 units
$100,000 - $5,000,000
1st only
• Purchase
• Refinance
• Up to 90% of purchase price
• 100% of rehab
Up to 75%
12-36 months
Interest only
Full recourse
All levels considered (leverage based on experience)
• 1-4 unit attached / detached properties
• Multifamily up to 50 units
• Condos / townhomes
$500,000 - $100,000,000
• Purchase
• Refinance
$100k per property
Up to 75% for purchase and refinances
• 30 year term, 30 year amortization
• 5/1, 10/1 ARM, and interest only options available
1.2 (1.25 for loans under $1 million)
N/A
Non-recourse available
660 or higher
Residential Rental Portfolio
Residential Rental Portfolio
• 1-4 unit attached / detached properties
• Multifamily up to 50 units
• Condos / townhomes
$150,000 - $100,000,000
• Purchase
• Refinance
$100k per property
Up to 75% for purchase and refinances
• 30 year term, 30 year amortization
• 5/1, 10/1 ARM, and interest only options available
1.2 (1.25 for loans under $1 million)
N/A
Non-recourse available
660 or higher
Lite Doc Commercial
Multifamily, auto service, day care center, funeral home, investment condo, light
industrial, mixed use, mobile home park, office, office condo, parking garage, restaurant, retail, self storage, townhome / residential, warehouse, warehouse condo
$1,000,000 - $50,000,000
Up to 80% on all properties and this includes cash-out refinances
• 5/7/10/15 or 30 years
• Amortization up to 30 years
Non-recourse available
650 or higher
Multifamily, light industrial / warehouse, mixed use, office, retail, self-storage, mobile
home parks
$1,000,000 - $50,000,000
Purchase, refinance, cash out
• Up to 80% on multifamily
• Up to 70% on mixed use, office and warehouse
• Up to 65% on mobile home park and self-storage
• Up to 60% on retail
• Min 1.2 on multifamily
• Min 1.25 on mixed use
• Min 1.3 on retail
• 10 years (5,7 year hybrid, or 10 year fixed)
• Up to 30 years amortization
• 5 year – 54321
• 7 year – 5544321
• 10 year - 5544332211
Full tax returns required
• Non-recourse available $1,000,000+
• Unrestricted cash out
625 or higher
Nuvo Bank Rate
Nuvo Bank Rate
Multifamily, light industrial / warehouse, mixed use, office, retail, self-storage, mobile
home parks
$1,000,000 - $15,000,000
Purchase, refinance, cash out
• Up to 80% on multifamily
• Up to 70% on mixed use, office and warehouse
• Up to 65% on mobile home park and self-storage
• Up to 60% on retail
• Min 1.2 on multifamily
• Min 1.25 on mixed use
• Min 1.3 on retail
• 10 years (5,7 year hybrid, or 10 year fixed)
• Up to 30 years amortization
• 5 year – 54321
• 7 year – 5544321
• 10 year - 5544332211
Full tax returns required
• Non-recourse available $1,000,000+
• Unrestricted cash out
625 or higher
SFR Rental
• 1-4 unit attached/detached properties
• PUDs
• Condominiums (warrantable/non-warrantable)
• Airbnb
$100,000 - $3,000,000
• Purchase, rate/term refinance
• Cash-out refinance
• Up too 80% for purchase and rate & term refinances
• Up to 75% for cash-out refinances
• Up to 75% LTV on purchases
• Up to 70% LTV on refinances and rate and term
• Need operating income for at least 1 year
• 100k minimum population by county
No DSCR option available with 75% LTV at slightly higher rates
• 30 year fixed
• 5,7,10-year hybrid
• 30 year amortization
• 3% - 1st year
• 2% - 2nd year
• 1% - 3rd year
• One year prepayment option available
• Now offering: no prepayment option!
• Qualifying income based on property cash flows
• No Doc Loan: No W2, tax returns or 4506T required
640 or higher
Cannabis Loans
Nuvo Private Lending understands the intricate nuances and challenges presented by the cannabis, CBD, and hemp markets. Whether it’s working capital, equipment financing, or expansion projects, Nuvo Private Lending is here to serve you as a trusted and reliable lending partner for your cannabis business.
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