Direct Private Lender for Multifamily & Residential Investment Properties

Conventus is a direct private mortgage lender that takes pride in knowing our customers and solving their financing needs. Obtaining a loan from Conventus is straightforward and fast. Most loans get funded in 5 business days. We match your borrowing goals to loan terms that are ideally suited for your project. Two core themes make up the thrust of our business model, and that is very competitive pricing as well as solid and responsive customer service.

  • Fast And Responsive Service
  • Customized Lending Products To Meet Your Individual Needs
  • 5-10 Day Close (Bridge Loans); 30-45 Day Close (Long Term Rental)
  • Flexibility To Borrow Against One Or Multiple Properties
  • Transparency And Integrity
  • No Hidden Fees

Please note: We do NOT offer loans for commercial properties or owner-occupied homes.

Property Geographic Area Details
Primary and Secondary markets in 45 states: Excluding NV, ND, SD, MN, WV, IA
Loan Amounts
$150,000 to $100,000,000
Interest Rates
9% to 12.99%
Loan Terms
6 months to 60 months
Origination Fees
0% to 2%
Lien Position
1st, 2nd
What we do:
Residential & Multifamily Properties
Short-Term and Long-Term Financing
15%+ Cash Required for Rehab Purchase
2nd Mortgage Cash Out up to 65% CLTV
What we don’t consider:
Owner-Occupied Homes
Credit Check Required

yes

Minimum 660 FICO score required.
Prepayment Penalty

no

Typical Closing Time (Days)

10

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 90%
Max LTP Multifamily: 80%
Max LTP Commercial: 70%
Max LTP Land: 60%
Purchase Long-Term
Max LTP Residential: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 70%
Max LTV 1st Lien Multifamily: 65%
Max CLTV 2nd Lien Multifamily: 65%
Refinance Long-Term
Max LTV Residential: 75%
Residential Fix & Flip
Max LTP: 85%
Max LTC: 100%
Max LTARV: 70%
Residential Rehab & Hold
Max LTP: 90%
Max LTC: 90%
Max LTARV: 70%
Multifamily Value-Add
Max LTP: 80%
Max LTC: 100%
Max LTARV: 70%
Commercial Value-Add
Max LTP: 80%
Max LTC: 80%
Max LTARV: 70%
Residential Construction
Max LTP Land: 60%
Max LTC: 80%
Max LTCV: 70%
Multifamily Construction
Max LTP Land: 60%
Max LTC: 80%
Max LTCV: 70%
Commercial Construction
Max LTP Land: 60%
Max LTC: 70%
Max LTCV: %

Property Types

  • 2-4 Units Residential
  • Condominium
  • Manufactured Home
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Long-Term Rental

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Condo Conversion
  • Land Development
  • Luxury Homes
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Residential Short-Term Rental
  • Reverse 1031 Exchange
  • Subdivisions
  • TIC Tenancy-in-Common
  • Transactional Funding
  • Vacation Rental

We Fund Junior Position Loans

Rarely

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

7

Maximum After Repair Value

70%
Our main qualifications are DSCR and a minimum 680 FICO credit score. No tax returns required, and we don't need borrower income or employment verification. We will lend to foreign nationals, permanent resident aliens and domestic LLC's. Our long-term rental program is for investor/business-purpose single family rental properties (1-4 units). We consider vacant properties and short-term rentals (lower LTV). We offer a Fixed Rate Program (30 years fully amortized) and an Adjustable Rate Program: 5/1 or 7/1 fully amortized over 30 years. Standard pre-payment penalty is 3 years (3-2-1% declining prepayment); Borrower has buydown option to 1 or 2 year pre-pay penalty. Required Borrower Reserves: 6 months PITIA, additional reserves required for multi-property loans or additional properties in the guarantor’s credit report not to exceed 12 months PITIA; cash out refinance proceeds can be used to satisfy reserves. Standard property, title, general liability, and 6 month rent loss insurance required. Personal guarantee required.

Minimum Loan Amount

$75,000

Maximum Loan Amount

$2,000,000

Minimum Interest Rate

6.75%

Maximum Interest Rate

8.99%

Maximum Origination Fee

4%

Minimum Loan Term

360 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

75%

Maximum Loan-To-Purchase

75%

Minimum Debt Service Coverage Ratio

1.00

Minimum Credit Score

660

Will Lend on a Portfolio of Properties

Yes

Minimum Number of Properties

2

Maximum Number of Properties

15

Minimum Property Value

$100,000

Processing Fee

Typically around $1,500 for most loans

Minimum Origination Fee Amount

$1,500

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

  • Legal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Minimum Credit Score Required

660

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Business Working Capital
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial

Contact Conventus

Conventus pays us to be listed, so there is no fee to connect with them directly.
(415) 449-4998 (415) 449-XXXX
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Since 2015, Conventus has successfully originated and funded over $1 billion in private money real estate loans. 

Conventus Holdings Corporation (CHC) was started in 2015 by Keith M. Tomao after his 20-year career on Wall Street where he was most recently a Managing Director at Goldman Sachs in the Fixed Income Division. Not long after starting CHC, Keith partnered with longtime friend, Glenn Tatham, a corporate finance professional as well as skilled LNG entrepreneur. Through their combined institutional background and extensive understanding of the market, CHC was created to capture an opportunity in single family and multifamily bridge lending, a $25+ billion high yield and short duration debt market. Over the ensuing years, CHC became a top five loan origination company through the collective effort our diligent professionals and their diverse backgrounds and experience. Furthermore, CHC’s success is grounded through the marriage of an investment company, mortgage origination and funding company coupled with a strong focus on quick customer service, fair and competitive pricing and hiring exceptionally talented people.

License

CFL Lic. 60DBO-43745

Company Size (Number of Employees)

100

Year Established

2015

Office Locations

115 Sansome St Suite 700, San Francisco, California 94104

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
Loan Structure for Majority of Loans
  • Own Balance Sheet
Total Loan Volume Funded to Date

$920,000,000

Our Team

Keith Tomao

CEO & CIO

Brenda Chen

Loan Officer

Lindsey

Loan Officer

Contact Conventus

Conventus pays us to be listed, so there is no fee to connect with them directly.
(415) 449-4998 (415) 449-XXXX
Click to show phone number
Send email Create a Loan Request

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Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$150,000

What we do:
Residential & Multifamily Properties
Short-Term and Long-Term Financing
15%+ Cash Required for Rehab Purchase
2nd Mortgage Cash Out up to 65% CLTV
What we don’t consider:
Owner-Occupied Homes

Contact Conventus

Conventus pays us to be listed, so there is no fee to connect with them directly.
(415) 449-4998 (415) 449-XXXX
Click to show phone number
Send email Visit Website

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