Civic Financial Services for West Virginia investors
Civic Financial Services (now part of PacWest Bank) is a long-standing national non-QM lender with full product suite. 75% LTV on cash-out refinance.
West Virginia context
West Virginia deep cash flow market. Low entry prices.
How Civic Financial Services positions in West Virginia
Within West Virginia, Civic Financial Services competes alongside other DSCR lenders. Civic Financial Services strengths: broad product suite, experienced team. The high aggregate DSCR economics of West Virginia create demand for Civic Financial Services programs in Charleston and Morgantown particularly.
City-level coverage in West Virginia
Civic Financial Services provides DSCR coverage across West Virginia metros including Charleston, Morgantown, and Huntington. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Civic Financial Services program terms apply uniformly across West Virginia metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $75K - $2.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| West Virginia property tax | 0.6% |
| West Virginia state income tax | 5.12% |
Civic Financial Services strengths in West Virginia
- broad product suite
- experienced team
- national reach
Ideal borrower: Mid-to-experienced investor with consistent deal flow
FAQ
Yes, operates nationally including West Virginia. Civic Financial Services is based in Redondo Beach, CA and operates nationally.
Charleston is the top investor market in West Virginia and falls within Civic Financial Services national coverage. Charleston property tax follows the West Virginia state rate of 0.6 percent. Civic Financial Services typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Morgantown ranks among the larger West Virginia investor metros and sees consistent DSCR loan volume from Civic Financial Services. Submarket variation within Morgantown matters for property selection.
Civic Financial Services applies the same rate sheet across West Virginia metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Morgantown, and Huntington all qualify for the same Civic Financial Services program.
Civic Financial Services indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
West Virginia deep cash flow market. Low entry prices. Civic Financial Services follows standard business-purpose loan structures.
Civic Financial Services funds fix-and-flip, BRRRR, rental, bridge in West Virginia.
West Virginia allows standard DSCR prepay structures; Civic Financial Services typically uses 3-5 year step down.
Civic Financial Services typical close: 10-21 days typical.
Bottom line
For West Virginia DSCR borrowers, Civic Financial Services is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services.