Philadelphia Update: We’re Lending Again—With Common-Sense Guardrails

If you’ve been trying to finance in Philly, you know the vibe: a recent mortgage scam rattled the market and a lot of private lenders pulled back or hit pause. We took a cautious breather too—now we’re back open in Philadelphia with clear, common-sense safeguards that keep good deals moving.

What’s Open (Investment Properties Only)

Property Types

• 1–4 units (SFR, duplex, triplex, quad)

DSCR (Rental) — Philly Requirements

• Minimum DSCR: 1.20

• Secondary valuation required (quick second look to validate value)

• Minimum property value: $175,000

Fix & Flip (Rehab) — Philly Requirements

• Minimum ARV: $175,000

• Leverage: plan for a 5%–10% reduction from our standard max LTV/LTC (file-dependent)

(Pricing and terms remain file-based: credit, experience, asset quality, and exit plan all matter.)

Why These Guardrails?

• Market reality: After the recent scam, many lenders are still hesitant. We’re stepping back in—just with tighter DSCR, value floors, and a second valuation touch so everyone’s protected.

• Execution over headlines: Strong rent coverage and verified value keep your take-out/refi path clean and help us fund quickly.

How to Move a Philly File Fast

1. Send address, unit, rents or ARV comps, taxes/ins/HOA, FICO and purchase price/AIV.

2. For flips, include scope/budget and experience.

3. Assume the 5%–10% leverage haircut on rehab and structure offers accordingly.

Ready to Price a Deal?

Reply with the basics and we’ll return a same-day scenario with Philly guardrails applied—so you can write confident offers while others sit on the sidelines.

Call 718-635-2377 or email [email protected] to start.

Business-purpose loans only. Not a commitment to lend. Terms, rates, and guidelines subject to change and approval.