Warehouse and Capital Partners
A disciplined, mission-driven loan program with documented affordability covenants, institutional servicing, and CRA-eligible collateral on every loan.
Collateral Profile
Every loan in our portfolio is secured by a first-lien Deed of Trust or Mortgage on habitable real property. Standardized underwriting ensures consistent collateral quality across all originations.
Underwriting Standards
Loan File Documentation
Every loan file is originated to secondary-market standards with the following documentation:
- Desktop or hybrid appraisal (ClearCapital)
- Preliminary and final title commitment
- Title insurance policy (ALTA)
- Entity documentation (Articles, Operating Agreement, EIN)
- Signed purchase contract or refinance application
- 6-month bank statements (proof of PITI reserves)
- Soft credit report with FICO verification
- Recorded Deed of Trust / Mortgage
- Recorded 80% AMI Affordability Rider
- Business Purpose and Non-Occupancy Affidavit
- Hazard insurance binder / Master policy
- Closing Disclosure and HUD-1 equivalent
- Remote Online Notarization (RON) certificate
Risk Management and Compliance
Institutional controls at every stage of origination, closing, and post-closing quality review.
Pre-Origination QC
- Automated DSCR screening (instant decline below 1.25x)
- Soft credit verification (620 FICO floor)
- Entity standing and borrower identity checks
- Property habitability confirmed via appraisal photos
- Title search for liens and encumbrances
Closing Controls
- 100% Remote Online Notarization (Stavvy)
- Title insurance on every loan (ALTA policy)
- Hazard insurance verified prior to funding
- Affordability Rider recorded at county alongside DOT
- Business Purpose Affidavit executed by borrower
Post-Closing and Servicing
- FCI Lender Services (institutional sub-servicer)
- Borrower payment portal and escrow management
- Annual 80% AMI rent certification monitoring
- Default and delinquency reporting
- 1099 and regulatory compliance reporting
CRA and Affordability Value
The recorded 80% AMI Rent Covenant on every loan creates documented, auditable affordable housing credit for warehouse and purchasing institutions.
80% AMI Affordability Rider
- Duration: 10-year deed restriction recorded at county
- Rent Cap: 80% AMI as published annually by HUD
- Occupancy: Tenants must not exceed 80% AMI at initial lease
- Certification: Annual rent roll certification by borrower
- Enforcement: Non-compliance triggers 2% rate step-up
- Survival: Covenant runs with the land, survives transfer
Institutional Benefits
- CRA Credit: Every loan qualifies as documented affordable housing for Community Reinvestment Act purposes
- ROAD Act Alignment: Compliance with 21st Century ROAD to Housing Act framework
- Mission Alignment: Workforce housing stabilization in underserved rural and suburban markets
- Audit Trail: Recorded covenant creates permanent, verifiable affordability documentation
Target Portfolio Metrics
$62,500
Avg Loan Size
78%
Weighted LTV
1.34x
Portfolio DSCR
12%
Avg Coupon
30 yr
Avg Term
9
States
Warehouse Repayment and Exit
Clear, defined exit paths ensure timely warehouse line repayment and portfolio liquidity.
Whole Loan Sale
Individual or pooled loan sales to community banks and credit unions actively seeking CRA-eligible assets. The recorded 80% AMI covenant provides documented affordable housing credit to purchasing institutions.
Private Placement
Pool 5-10 performing loans into structured Private Notes for qualified investors. Proceeds repay the warehouse line in full. Originator retains servicing rights through FCI.
Portfolio Retention
Balance sheet retention for seasoned, performing loans. High coupon rate (12%) and small balance profile generate strong cash-on-cash returns with institutional servicing in place.
Capital Discussion
We welcome conversations with warehouse lenders, community banks, and institutional investors interested in CRA-eligible workforce housing collateral.
info@infillcap.com