General Questions
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What is Itsy Bitsy and what do you do?
Itsy Bitsy is a national, direct, private lender (non-bank) specializing in financing solutions for residential real estate investors. With a proven track record and deep industry expertise, we are the go-to partner for experienced investors seeking fast, flexible and reliable funding.
What kind of loan products does Itsy Bitsy offer?
Itsy Bitsy provides short-term bridge loans for fix-and-flip projects and new construction, as well as long-term financing solutions for rental properties. Loan options are designed to support real estate investors at every stage of their investment process.
What property types does Itsy Bitsy lend on?
Itsy Bitsy finances non-owner-occupied properties, including single-family homes, condos, townhouses (1-4 units), and small multifamily assets (5-9 units). Our tailored lending solutions help real estate investors scale their portfolios with confidence.
Is Itsy Bitsy a hard money lender? Mortgage broker? Residential lender?
Itsy Bitsy is not a hard money lender, mortgage broker, or traditional residential lender. Itsy Bitsy is a direct, private, specialty lender, that focuses on financing non-owner-occupied investment properties and commercial properties. We provide commercial real estate investors with reliable lending solutions that is tailored to their needs.
How long does the closing process typically take?
Approximate Closing Times
DSCR loans generally close within three weeks.
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Is there a Prepayment Penalty?
Term Loans: Each loan can have a different prepayment structure, ranging from up to five years down to zero. Borrowers can choose between yield maintenance and stepdown options based on their needs.
Bridge Loans: No prepayment penalties apply.
Borrower
What kind of real estate experience is needed to qualify?
Itsy Bitsy works with a wide range of investors, from those who have completed one fix-and-flip project to those with extensive rental portfolios. Experience requirements will vary by loan product. Contact us to discuss eligibility based on your investment background.
- Fix & Flip Loans: Typically require at least one completed project in the past 36 months.
- Ground-Up Construction Loans: Generally require three completed projects within the same timeframe.
Do you finance personal residences (owner-occupied), manufactured/mobile homes, co-ops, assisted living facilities, mixed-use, or commercial assets?
Will Itsy Bitsy lend on mixed-use or commercial assets?
Yes
Do I need a special purpose entity for my loan?
Yes, as a commercial lender, Itsy Bitsy requires borrowers to use a Special Purpose Entity (typically an LLC) for its loans. If you don’t have one, don’t worry—forming an LLC is a straightforward process, and our team is here to help guide you through it.
Can I obtain a rental loan for properties that are not currently leased?
Itsy Bitsy does offer rental loans for properties that are not yet leased. However, these loans are typically available at a lower leverage to account for the vacancy risk.
Do you lend to foreign nationals?
Yes, we actively work with foreign nationals and consider them an important part of our business. Our lending solutions are designed to support international investors looking to finance U.S. real estate.
Do you have minimum credit scores?
Yes, a minimum average FICO score of 680 is generally required for loan eligibility.
How do borrowers get started?
You can begin instantly and obtain a quick quote through this easy link: Get Started.
Once complete, a member of our team will connect with you to gather more information and prepare a term sheet based on the specifics of your loan.
Brokers
Do you work with brokers?
Yes, Itsy Bitsy works extensively with brokers and are always looking for new partnerships. Connect with our team today to discuss questions such as broker compensation and protection.
How do brokers get started?
Brokers can get started by giving us a call or completing a short form on the Broker Page to request a meeting with a member of our team.
Property Types
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Products
Do you offer non-recourse loans?
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What is your turnaround time for a term sheet after application?
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