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, firstname.lastname@example.org 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.
The following transactions require an appraisal review to support the value within 10% tolerance. It may be an AVM, desk review or field review.
Loan amounts ˃ $453,100
Cash-out > $100,000
Non-arm’s length transactions
All investment property refinances
The following transactions require a Clear Capital CDA (we can order for you at a cost of $155.00) or a field review
LTV > 80%
Loan amounts from $1,000,000 – $1,500,000
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
- 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