First-lien collateral
MRC focuses on business-purpose first-lien loans secured by U.S. residential real estate.
Underwriting discipline
Credit is built in
the details.
MRC's business-purpose lending framework centers on first-lien residential real estate collateral, product-specific leverage limits, independent diligence and controlled construction draws.
Credit controls
A disciplined framework from day one.
The controls below are designed to keep collateral, documentation, borrower diligence and post-close execution visible throughout the loan lifecycle.
Conservative leverage
Product-specific LTC and LTV limits are designed around the collateral, business purpose and stage of the transaction.
Independent due diligence
The underwriting framework requires third-party review of appraisal, title, documentation, borrower background and OFAC screening.
Controlled construction draws
Construction draws are managed against verified inspections, with lien-waiver collection built into the process.
Personal guaranties
The presentation calls for full-recourse personal guaranties from individual borrowers with 20% or greater project ownership.
Defined-duration exposure
Typical product terms range from six to thirty-six months depending on the strategy and project stage.
Product guide
Parameters matched to the transition.
Guidelines vary by business-purpose strategy because collateral, project stage and execution requirements differ across investment and development transactions.
| Strategy | Indicative term | Leverage guideline | Primary use |
|---|---|---|---|
| Ground-up construction | 12–24 months | Up to 85% LTC / 70% LTV-ARV | Land-to-completion residential construction |
| Fix & flip | 9–12 months | Up to 90% LTC / 75% LTV-ARV | Acquisition plus targeted renovation |
| Heavy rehab | 12–18 months | Up to 85% LTC / 75% LTV-ARV | Substantial rehabilitation and value creation |
| Bridge | Up to 36 months | Up to 75% LTV | Defined transitional capital need |
| Land A&D | 12–18 months | Up to 65% LTC | Entitled land acquisition and development |
Business-purpose financing only; not for personal, family or household use. Guidelines are indicative and subject to underwriting, diligence, documentation and transaction-specific approval.
Third-party diligence
Verify before
capital moves.
Appraisal review
Collateral value is reviewed through third-party appraisal diligence appropriate to the transaction.
Title review
The framework calls for title diligence and an ALTA lender's title policy supporting the first-lien position.
Document verification
Loan and project documentation are reviewed for completeness and consistency before acquisition or funding.
Borrower & compliance review
Borrower background and OFAC screening are included in the third-party diligence process.
Draw controls
Construction draws are tied to verified inspections and lien-waiver collection before disbursement.
Review the illustrative scenarios, or submit a real financing opportunity for MRC's review.
