As a lender on for-sale housing, Arixa serves two distinct markets: (1) one-off single family home projects, which may be either renovations or ground up construction; and (2) loans to homebuilders who may be building a subdivision, a condo project or doing a small lot urban infill project.
Rehab & spec single SFR projects
Having funded well over 1,000 such projects, Arixa provides very quick turn-around times for every phase of these projects. We understand the SFR developer’s world and use this knowledge to create the best possible experience for the borrower. We have been known to send notaries to little league games or to meet borrowers at the airport in order to meet deadlines and make sure we get the job done!
Homebuilding (multi-unit subdivisions)
With a shortage of housing in most parts of the Western U.S., Arixa is increasingly turning our expertise with construction loans to serving smaller homebuilders. We fund for sale housing projects as well as build to rent (“BTR”) communities. Every aspect of your loan can be tailored to the borrower’s specific goals and needs.
Residential Lending Guidelines
| Property Types | Single Family Residences (1-4 units), Condos |
| Loan Amount | $250,000 to $50,000,000 |
| Loan Term | 6 to 24 months |
| Origination Fee | 1 to 2.5 points (depending on loan duration) |
| Collateral Type | First trust deed on subject property |
| Loan Type | Acquisition, Bridge, Construction, Construction Completion, Fix & Flip, New Construction, Refinance, Renovation |
| Interest Rate | 9.25% – 11.50% |
| Loan-To-Cost | Up to 80% including renovation costs |
| Loan-To-Value | Up to 75% |
| Recourse | Personal guaranty required in most cases |
| Closing Time | 14 days or less |
| Location | AZ, CA, CO, FL, GA, ID, IN, MD, NC, OR, SC, TN, TX, UT, VA, WA |
Experience the Arixa difference: our goals for every loan and every experience with our clients
Industry leading, white glove service.
Many lenders talk about their service but at Arixa we have been walking the walking since we first started lending. Our “DNA” is client service and delivering on what we say we are going to do. All key functions at Arixa — from closing to servicing to construction draws and beyond — are performed by our employees who understand our service is the key to our success.
Quick decision making.
We will quickly give you feedback on whether we can make your loan and can often issue loan term sheets in a matter of hours and up to a few days depending on complexity of the loan.
Common sense diligence process.
We handle our diligence in-house, including valuations and are only going to ask for you the information that we really need to support our loan decision. No more requests for countless documents that have no impact on our credit decision.
Your deadline is our deadline.
We completely understand that speed and dependability are critical to our borrower’s success. We routinely fund loans in 10-14 days, if needed. When we commit to a funding date, that is the day your loan will fund.
Dedicated point of contact.
You work with a specific, knowledgeable Arixa loan origination professional, who has direct and immediate access to our investment committee. Your LO will learn your business and your needs and be there whenever you need them to assist you.
