Loan Types
We pride ourselves on our flexible loan terms and the ability to close loans quickly in as little as 48 hours. We offer a range of private money loans for fix-n-flip, wholesale, bridge loans, transactional, long term, and new construction projects.
Read More1. Fix-and-Flip
Transform your fixer-uppers and BRRRRs into stunning properties with our Fix-and-Flip loans. Get the quick and reliable funding you need to take your flipping game to the next level.
Why us?
- Close in as little as 48 hours
- Loans from $50k to $5M
- 6, 12, 24-month term options
- As low as 2% Origination Fee
- Interest-only loans
- 100% rehab funding
Requirements:
- Up to 90% LTC, up to 80% LTV
- No prior projects necessary
- 620 credit score
2. New Construction
Bring your building dreams to life with MainSpring's New Construction loans. Experience seamless funding and fast turnaround time for your next big project. Let us help you build smarter, faster, and better.
Why us?
- Close in as little as 48 hours
- Loans from $100k to $5M
- 12, 24-month term options
- As low as 2% Origination Fee
- Interest-only loans
Requirements:
- Up to 85% LTC, up to 75% LTV
- Portfolio required with previous successful projects
3. Bridge
Need a short-term solution for your real estate project? We have you covered with our Bridge Loans! From fix-and-rent to flipping, Mainspring helps you bridge the gap between investments.
With this, you'll get the speed and stability to take advantage of the opportunities that come your way.
Why us?
- As low as 2% origination fee
- As low as 11% interest
- Interest-only loans available
- Loan term up to 12 months
- Loan term extensions available
- Close in as little as 48 hours
Requirements:
- Up to 90% LTC, up to 80% LTV
- 620 credit score
4. Transaction
Streamline your flipping and wholesaling process with our quick and convenient Transactional Loans. We provide fast access to the capital you need to close deals quickly and efficiently. Does your buyer/ title company require you to be on title for a short period? Need cash to double close a buy and sell deal? We’ve got you covered.
Why us?
- 1% Origination Fee
- 0% Interest
- No Monthly Payments
- 3 Day Max Loan Term
- 100% of the Purchase Price
5. Long Term Rental DSCR Loan
Need a longer term loan for a short term (STR) or long term (LTR) rental property? We've got both fixed and variable rate options. With a pain free underwriting process, we take the hard work out of obtaining funding so you can build the rental portfolio of your dreams!
Why us?
- Non-owner Occupied 1-4 Family Residential Properties; Condos;Townhomes; Portfolios, and short term rentals
- Term: 30 Years
- Amortization Options: 30-Year Fixed; Interest only, and ARMs
- Loan Amount: $55k-$1.5M
- LTV for 1-4 unit properties:
- Up to 80% of purchase price (700+ score)
- Credit Score: 620 minimum
- Prepayment Penalty: 0-5 years, shorter prepay periods will have higher rates
Requirements:
- Credit Score: 620 minimum
- Minimum DSCR of 1.10, if credit less than 720, minimum DSCR of 1.20
6. Long Term Rental for Multifamily
After you complete your rehab or stabilization and need more permanent debt in place for 4+ unit projects, convert to a long term rental loan. With favorable rates, fixed and variable options available, we've got you covered. This is a great product for buy and hold investors aiming to scale a rental portfolio.
Why us?
- 5-9 unit buildings
- Term: 30 years
- Amortization Options: Hybrid ARM 5/1, 7/1, or 10/1; 30-Year Fixed; 5, 7, or 10 year Interest-Only
- Loan Amount: $250,000-$2M
- LTV: Up to 75% of purchase price (700+ score with experience)
- Prepayment Penalty: 3-5 years, shorter prepay periods will have higher rates
Requirements:
- Credit Score: 620 minimum
- Minimum DSCR: 1.20
Why choose us over conventional funding?
Mainspring Capital offers innovative and flexible financing solutions to real estate investors. Conventional funding can often be slow, rigid, and unreliable. At Mainspring, we step in where conventional financing isn't an option, or you need to close quickly with confidence in your lending partner.
By providing a wide range of loan options, we aim to meet the unique needs of each borrower. Whether you're just starting or are an experienced real estate professional, our team is dedicated to helping you achieve your investment goals.
Frequently asked questions
Loan-to-cost (LTC) and loan-to-value (LTV) are financial ratios used in real estate to determine the loan amount a lender is willing to provide to a borrower.
Loan-to-cost (LTC) refers to the ratio of the loan amount requested and the total cost of the real estate project, including the cost of acquiring or renovating the property. For example, if a real estate project costs $100,000 and the borrower requests a loan for $80,000, the LTC ratio would be 80%.
Loan-to-value (LTV) refers to the ratio of the loan amount requested and the property's appraised value after rehab is completed, also known as ARV. For example, if the appraised value of a property is $100,000 and the borrower requests a loan for $80,000, the LTV ratio would be 80%.
We typically use these ratios to determine the risk involved in a loan and to set loan terms, interest rates, and other conditions. Borrowers with a lower LTC or LTV ratio are considered less risky and may be offered lower interest rates or more favorable loan terms.
In Georgia, mortgages are rarely used. A security deed (deed to secure debt) is the customary security instrument in Georgia. It's a three-party instrument that includes the borrower, the lender, and a neutral third party called a trustee.
When the borrower fails to repay the loan, the trustee has the authority to sell the property to repay the loan. This security instrument is commonly used in Georgia as an alternative to a mortgage.
BRRRR is a real estate investment strategy for "Buy, Rehab, Rent, Refinance, and Repeat."
This strategy involves buying a property, making repairs and improvements to increase its value, renting it out to tenants, refinancing the property to pull out cash, and then repeating the process with a new property.
BRRRR aims to increase investors' cash flow, build wealth through appreciation, and generate passive income through rental properties.
An interest-only loan is one in which the borrower pays only the interest for a set period before being required to start paying down the loan's principal.
For example, you take out a $100,000 interest-only loan with a 5-year term and an interest rate of 5%. During the first five years, you would only be required to pay $250 a month (5% of $100,000), which would go toward paying the interest on the loan. After five years, you would start paying the interest and a portion of the principal, which would be a higher monthly payment.
Interest-only loans are often used in real estate for flipping properties or temporary cash flow needs. However, because the borrower isn't paying down the principal, these loans tend to have higher rates and can result in much higher overall interest charges over the life of the loan.
