Commercial Loan program

Rental Loans Closing cost, origination fees, brokers fees, 1 year of insurance + 1 year of taxes:


  • Due Diligence Deposits:

  • Site Inspection: $1795 – $3495 depending on scope and location. 

  • Appraisal – to be determined by Appraisal Management Company.

  • Feasibility Study – to be determined by third party invoice if required.

  • Environmental Reports – to be determined by third party invoice if required.

  • Traffic Study – to be determined by third party invoice if required.

  • Market Study – to be determined by third party invoice if required.

  • Not All Third Party Reports listed are required. Please discuss with your Expedia Homes, LLC Account Executive exactly which third party reports your project will require. 

Title and Escrow:
  • Sponsors may determine the title and escrow company they wish to utilize. All transactions must close via a title / escrow company.


Broker Fees: 

  • Brokers’ charges cannot exceed Expedia Homes, LLC’s charges. Broker charges must be submitted via Broker Invoice.

Transaction Types:
  • Refinances only. Ground Up Construction projects must be shovel ready and fully entitled.

Sponsor Loan to Cost Contribution:
  • Purchase monies, soft costs, site preparation, and any further contributions if required at the close of escrow will be calculated and counted towards the Sponsor’s Loan to Cost Contribution.

Title Seasoning:
  • There is no set title seasoning requirement. Sponsors that are seeking to refinance a stabilized project must have obtained the specific project occupancy, gross, and net revenue requirements.

  • Construction projects do not have a seasoning guideline, but must be shovel ready and fully entitled.


Construction & Stabilization Time frames:

  • On a 5 Year Fixed Rate the construction and stabilization time frame may not exceed 3 years.

  • On a 10 Year Fixed Rate the construction and stabilization time frame may not exceed 5 years. 

Interest Only Payment:
  • Payments are interest only during the construction and stabilization period.

Amortization Schedule:
  • Either a 25 year or 30 year amortization schedule will be offered.

Construction Draw Reimbursement Process:
  • Step 1.) Sponsors must pay for and complete the work.

  • Step 2.) Sponsors will fill out a 1 page draw request form, provide pictures of work complete.

  • Step 3.) Expedia Homes, LLC will send out a draw inspector to check the work.

  • Step 4.) Your request will be approved, changed, or denied.

  • Step 5.) Your draw request will be wired to your checking account.

  • This total process should take no more than 24 to 72 hours to complete.

Subject Property Insurance:
  • Must meet or exceed the request loan amount.

Net worth Vs. Loan Request:
  • Sponsors must have a net worth that meets or exceeds the loan amount requested for ground up construction projects.


Sponsorship Qualification:

Ground Up Construction:
  • All Sponsors that will Personally Guarantee the deal must have a minimum of a 660 FICO Score or higher.

  • Sponsorship must have 10% / 20 % of the construction budget or more as liquid reserves.

  • 6 to 12 Months Reserves on the new projected mortgage payment.

  • Sponsorship must have development experience.

  • Sponsorship must have Loan to Cost Contribution, along with any closing costs that cannot be rolled into the Loan Request.

  • Sponsorship must have a net worth of 1 to 1 or higher in comparison to the loan request.

Stabilized As Is:
  • Sponsors that will personally guarantee the deal must have a minimum of a 660 FICO Score or higher.

  • Sponsors must have 6 to 12 months of the new proposed mortgage payment as liquid reserves.

  • Sponsors must have any closing costs or other costs associated with the project that cannot be covered by the new mortgage as liquid reserves.

  • Sponsorship must have experience in Commercial Real Estate.

  • Sponsorship must have a strong net worth, but no net worth to loan ratio is calculated on As Is deals.


Foreign Nationals:


  • Foreign National Applicants will be requested to provide documentation about Real Estate and Assets outside of the United States. Foreign National Applicants will have to provide Visa Eligibility, along with provide a valid domestic ID or DL. There are no additional fees or application fees for Foreign National Applicants. Subject Properties must be located domestically at this time.

Stabilized As Is Projects Work Already Completed:
  • Receipts and/or invoices for the work that has already been completed up to the date of the refinance request must be provided if the project has less than 24 months title vesting. For projects over 24 months, a list of capital improvements is all that is required.

Stabilized Debt to Service Coverage Requirements:
  • Projects must have a 1.25 or higher Debt to Service Coverage or higher at the time of application.

Ground Up Construction Projects Debt Service Plan:
  • Projects must have a plan to defray the cost of proposed mortgage, whether from:

  • A.) Interest Reserves funded out of the proposed loan;

  • B.) Sponsorship has verified net worth and liquidity to adequately cover proposed loan;

  • C.) Sponsorship has a global cash flow from investments or Real Estate Owned to adequately cover proposed loan. 

General Contractor Requirements for Ground Up Construction Projects:
  • General Contractors must provide the following documentation:

  • License.

  • General Contractor Liability Insurance and Bond.

  • Resume w/ a focus on prior projects that are similar to the proposed project. 5555544433333


Want more information?

Borrowing entity:

LLC, Corp, Trust, SPE (Single purpose LLC) may be required for some loans

$5,000 3rd deposit fee to cover actual 3rd party report cost (appraisal, PCA, environmental, seismic and site visit if applicable)


By attending this website (, any visitor is hereby expressing and/or accepting: 

This is not a commitment or offer to lend, buy or sell any securities. This website is for informational purposes only.  Interest Rates, Fees, and other important or minor details are subject to change based on market conditions, due diligence, and input by underwriting. If your project is approved, a formal loan commitment will be issued. Time frames for each portion of the process vary due to market conditions and other factors like third parties. By visiting this website, the visitors hereby agree on behalf of the visitor’s company / business entity along with sponsors, co-sponsors, officers, and/or investors, to hold harmless Expedia Homes,  LLC,  LLC’s investors, employees, officers, and/or third party subcontractors in the closing of any transactions. Third party reports are ordered at on a cost plus review basis. Expedia homes, LLC cannot guarantee nor influence values, or other specific important and/or minor conclusions, along with the time frames to complete third party reports. Some projects require a project feasibility, and may or may not require traffic studies or other individual reports as required by specific subject property locations and market conditions. Expedia homes, LLC does not pay for third party reports, third party reports are billed via invoice that must be paid at presentation by the investor. Time is of the essence, and even though Expedia homes, LLC works tirelessly to maintain quick closing times, there are factors outside of the control of Expedia homes, LLC, along with other conditions, that do not always allow the projected time frames to be maintained.  Brokers and, or referral sources are protected, thus Expedia homes, LLC honors Broker Invoices or Referral Fee Agreements that are submitted in writing. Expedia homes, LLC only accepts new client files from brokers, if you have a further transaction, please see your introducing representative. Expedia homes, LLC  uses a private source of capital, therefore your information will not be shared with the general public on any marketing information. 

Expedia Homes, LLC is a limited liability company out of the State of Texas. Expedia Homes, LLC indirectly provides funds and also brokers requests that cannot be funded in house. Expedia Homes, LLC does not operate in any state or local area whereas the laws of that state or local are prohibit cost effective operations. Expedia Homes, LLC is a private company, not open for the public. Expedia Homes, LLC does its best to analyze and review all proposed transactions, but cannot possibly analyze, review, and take interest in all transactions that are presented. Rates, Fees, and other minor or important details are subject to change with or with out notice. No warranties are granted, nor should be implied. 

This page is intended to be used as an outline for discussion purposes only and relies upon, amongst other things, the accuracy of  the information entered by the applicant. All loan requests are subject to a full underwriting and due diligence review upon the submission of a complete loan file from the applicant, and the proposed terms and conditions may change based on the results of this review. Nothing herein represents a commitment, agreement, or obligation from Expedia Homes, LLC to lend money under these or any other terms.

 The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.