Business Purpose Loans | Evergreen Mortgage Advisers
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For Investors & Builders

Business Purpose Loans

"Business purpose" simply means the loan is for an investment or business use, not a home you'll live in yourself — which opens up financing structures built specifically around how investors and builders actually operate. Four ways we can help below.

Buy, Renovate, Resell

Fix-and-Flip & Bridge Loans

Short-term financing built for the pace investors actually move at — whether you're purchasing a property to renovate and resell, or need bridge funding to move quickly on an opportunity while a longer-term plan comes together.

  • Available for both purchase and refinance transactions
  • 1- and 2-year term options, with no prepayment premium on the 1-year term
  • Up to 90% LTV on purchase with renovation included
  • Up to 75% on a cash-out refinance

Building From the Land Up

Ground-Up Construction

Financing for building a new investment property from entitled land or a teardown — structured around a construction timeline rather than a purchase closing.

  • Up to 85% of loan-to-cost, including a financed interest reserve for the full term
  • Terms available at 12, 18, or 24 months
  • Funds released in draws as construction milestones are completed and verified
  • Available for attached and detached single-family, 2–4 unit residential, and entitled land

Mid-Project Financing

Renovation & Rehab Completion

Financing to complete a renovation already underway, designed to minimize how much you're carrying out of pocket while work is in progress.

  • Up to 90% LTV on purchase, plus 100% rehab cost financing
  • Interest charged only on funds actually drawn, not the full committed amount
  • Rehab funds released in draws as completed work is verified
  • Built for investors managing more than one project at a time

Long-Term Hold

Rental Property Loans

Longer-term financing for stabilized rental properties or recently completed renovations you're planning to hold — including both single properties and portfolios.

  • Two structures available: a 5-year interest-only ARM, or a 30-year fixed rate
  • Qualification based on the property's rental income (DSCR), not just personal income
  • Up to 80% LTV on a cash-out refinance
  • Single-asset or portfolio loans, with no-prepayment-penalty options available

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