$20,000,000 Line Of Credit For Rehab Specialists and Builders

DDA Mortgage • May 11, 2020

Builder spec homes and rehab specialists, lines of credit are available for commercial real estate loans.

Opportunities for professionals to get credit lines for rehab and spec homes! Here's what you need to know!


We offer real estate backed loans to help with commercial rehab projects. We can provide direct loans, bridge loans or even lines of credit. Our commercial loan programs are backed by your existing real estate investments, which allow you to leverage your existing assets in order to help finance your future success.


We partner directly with our clients, who are professionals in commercial real estate construction and the buying and rehabbing of non-owner occupied properties. We can help finance the purchase and rehabilitation of apartment complexes, office complexes, mixed-use properties, warehouse buildings and retail properties. And for collateral on our commercial loans, we accept any type of non-owner occupied residential property as well as commercial properties and mixed-use properties.


We can finance these real estate backed loans with a loan-to-value as much as 70% of the property’s purchase price, and as high as 50% in a cash-out refinance deal.


We also offer a variety of commercial loans to meet your needs.

Pre-approval letter within 2 business days with low rates.

PRODUCT HIGHLIGHTS

  • Non-recourse
  • Cash out
  • Flexible repayment options

GENERAL PRODUCT FEATURES

  • Non-recourse
  • Cash out
  • Flexible repayment options


PROGRAM AND CREDIT FEATURES
INTEREST RATE 6.25% - 7.25% on income producing properties (DSCR>1.30)
LOAN PROGRAM 5 year fixed - balloons at the end of 5 years
AMORTIZATION 30 years amortization or interest only option available
ELIGIBLE PROPERTIES Multifamily, office, warehouse, self-storage, and mixed-use property types
INCOME No Personal or Business tax returns required
LTV Max LTV of 65%
LOAN AMOUNT $2,000,000.00 to $50,000,000.00
RECOURSE Non-recourse with standard carve-out provisions required
BORROWER All loan are required to close in the name of a Single Purpose LLC
TAX & INSURANCE ESCROWS Tax & Insurance escrows required on all loans
FOREIGN NATIONALS Borrower must have a checking account in a US based Bank

If you would like more information about your commercial loan options, contact us today! Or start your commercial loan application.

Check out our other helpful videos to learn more about credit and residential mortgages.

Asset based lending with no min fico score

By Didier Malagies • January 26, 2026
• 12-Month Bridge Loans with interest-only payments • Cash-Out Refis, Purchase Loans, Second Liens, and Portfolio Loans • Nationwide lending on non-owner occupied residential properties, including condos • No FICO minimum – We welcome credit-challenged borrowers • No income or employment verification • No seasoning required • No appraisal contingencies • We fund mid-foreclosure and past bankruptcy deals • Pure asset-based lending – • Closings in as fast as 3–5 days tune in and learn https://www.ddamortgage.com/blog Didier Malagies NMLS #212566 dda mortgage nmls#324329

Cost of retirement comfort soars, leaving most far short

By Didier Malagies • January 14, 2026
Cost of Retirement comfort soars, leaving most far short

Does your condo association needs funds for a new roof

By Didier Malagies • January 12, 2026
1. HOA / Condo Association Loans (Most Common) These are commercial loans made directly to the association, not individual unit owners. Typical uses Roof replacement Structural repairs Painting, paving, elevators, plumbing Insurance-driven or reserve shortfalls Key features No lien on individual units Repaid through monthly assessments Terms: 5–20 years Fixed or adjustable rates Can be structured as: Fully amortizing loan Interest-only period upfront Line of credit for phased projects Underwriting looks at Number of units Owner-occupancy ratio Delinquency rate Budget, reserves, and assessment history No personal guarantees from owners 2. Special Assessment Financing (Owner-Friendly Option) Instead of asking owners to write large checks upfront: The association levies a special assessment Owners can finance their portion monthly Reduces resistance and default risk Keeps unit owners on predictable payments This is especially helpful in senior-heavy or fixed-income communities. 3. Reserve Replenishment Loans If reserves were drained for an emergency repair: Association borrows to rebuild reserves Keeps the condo compliant with lender and insurance requirements Helps protect unit values and marketability 4. Florida-Specific Reality (Important) Given your frequent focus on Florida condos, this resonates strongly right now: New structural integrity & reserve requirements Insurance-driven roof timelines Older associations facing multi-million-dollar projects Financing often prevents forced unit sales or assessment shock Many boards don’t realize financing is even an option until it’s explained clearly. 5. How to Position the Conversation (What to Say) You can frame it simply: “Rather than a large one-time special assessment, the association can finance the project and spread the cost over time—keeping dues manageable and protecting property values.” That line alone opens the door. 6. What Lenders Will Usually Ask For Current budget and balance sheet Reserve study (if available) Insurance certificates Delinquency report Project scope and contractor estimate Bottom Line Condo associations do not have to self-fund roofs or major repairs anymore. Financing: Preserves cash Reduces owner pushback Helps boards stay compliant Protects resale values Tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
Show More