Using Broker’s credit card – An appraisal can be ordered at anytime
Property Rate – https://propertyrate.com/partner/5thstreet If you haven’t registered click “Broker Registration” to begin the process, if already registered click “Broker Login”
Axis – If you have already set up an account with Axis associated to 5th Street Capital go to http://www.axis-amc.com and select “Client Login”. To set up an account email Axis, email@example.com or go to http://www.axis-amc.com/place_order/account_request.php.
Service-Link – https://broker.elendersolutions.com/5thstreetcapital/ If you haven’t registered click “Get Started” to begin the process, if already registered click “Sign In”
All loans require 1 full 1004 appraisal with interior and exterior inspection
AVM’s are required on all loans to support the appraisal and will be ordered by 5th Street Capital at intake – if the AVM doesn’t support the appraisal within 10% of the value the following will be required:
A desk review will be required if the AVM isn’t within 10% of the appraisal.
If the desk review isn’t within 10% of the appraisal a field review is required.
If the field review isn’t within 10% of the appraisal a 2nd appraisal is required.
A second appraisal (can be from the same AMC but must be a different appraiser) is required when one or more of the following are present on the loan:
- Loan amounts ≥ $1,500,000
- Loan amount exceptions
- LTV’s greater than 80%
- Flip transactions that fall into these categories:
- Greater than 10% increase in sales price if seller acquired the property in the past 90 days
- Greater than 20% increase in sales price if seller acquired the property in the past 91‐180 days
The lower value of the 2 appraisal valuations will be used to determine value and calculate LTV