Loan Origination

Armitage Street LLC’s relationship-based financing program is tailored toward experienced real estate entrepreneurs and strives to provide best in class pricing. Borrowers benefit from our Principal’s honed knowledge of local real estate markets, understanding of the development cycle and extensive experience in evaluating residential projects. We fund all of our real estate loans directly from existing capital—we are not a broker.

Armitage Street LLC has built a reputation for transparency, rapid response times, reliable commitments, professionalism, and competitive pricing and terms.
Loan Amount Per Property $100,000 to $1 million
Loan-to-Cost Up to 80% including renovation costs
Loan-To-Value Up to 70%
Interest Rate & Origination Fee Commensurate with borrower’s experience and collateral
Loan Types Acquisition, renovation, new construction and refinance
Property Types Non-owner occupied Single Family, 2-4 Units, Townhomes and Multi-Family
Term 12 months
Personal Guarantee Required
Closing Time 10 days or less
Required Insurance Title insurance naming lender as insured and property insurance naming lender as additional insured and loss payee
Collateral Type First mortgage
Prepayment restrictions or prepayment penalties None
Appraisal Fees None
Junk Fees None