CR Equity AI is putting a launch offer behind its newest lending product: the first 50 eligible CR Equity Mini 250 loans that fund receive $500 back at closing.
CR Equity Mini 250 is CR Equity AI’s Non-QM second lien program for eligible investment properties, with financing up to $250,000. The existing first mortgage stays in place. The new CR Equity Mini 250 loan is added behind it in second lien position.
For the first 50 funded loans, the $500 benefit is applied at closing as a credit toward eligible borrower closing costs.
The first 50 funded loans get $500 back at closing
By Rob Stewart, Founder & CEO, CR Equity AI
The offer is simple, but the qualification is important.
The first 50 eligible CR Equity Mini 250 loans that fund receive a $500 closing credit. The count is based on funding order, not on when a loan was submitted, approved, or cleared to close.
The credit is applied at the closing table toward eligible borrower closing costs. It is not a separate cash payment after closing and is not paid to the broker. It also cannot exceed the borrower’s eligible closing costs.
So if an eligible loan has $1,500 in applicable closing costs, the $500 credit would reduce that amount to $1,000.
The first 50 figure is therefore tied to funded transactions, not the number of applications that come through the door.
What is CR Equity Mini 250?
CR Equity Mini 250 is a Non-QM second lien designed for eligible investment-property transactions up to $250,000.
The structure is different from a refinance. A refinance replaces the existing first mortgage. CR Equity Mini 250 does not. The borrower’s existing first mortgage remains in place, and the new CR Equity AI financing sits behind it as a second lien.
For an investor who wants additional financing without replacing the current first mortgage, that difference can be significant.
The program is for eligible non-owner-occupied, business-purpose investment-property transactions submitted through a CR Equity AI broker or correspondent channel. Final eligibility and terms remain subject to underwriting.
View the CR Equity Mini 250 program
Why use a second lien instead of refinancing?
The decision comes down to what happens to the first mortgage.
With a refinance, the existing mortgage is paid off and replaced. With a second lien, it stays where it is.
That can matter when an investor wants additional capital but does not want to disturb the existing first-lien financing. The reasons will vary from borrower to borrower, but the financing structure remains the same: first mortgage in place, new loan behind it.
CR Equity Mini 250 is built specifically for that second-lien structure.
What comes with the program?
The $500 launch credit is the new offer, but the underlying program has several features intended to simplify the process for eligible files.
CR Equity Mini 250 provides financing of up to $250,000. Eligible loans use two Automated Valuation Models, each with at least 90% confidence, plus a Property Condition Report, rather than a traditional appraisal.
When property ownership and vesting remain unchanged, an eligible file can also use a title search instead of a full title policy.
Those requirements are important because they define the streamlined path. A change in ownership or vesting moves the transaction to the standard full title process.
A different approach to property valuation
Eligible CR Equity Mini 250 files do not use a traditional appraisal.
Instead, the valuation consists of two AVMs, each meeting the program’s 90%+ confidence requirement, together with a Property Condition Report.
The property is still being valued. The difference is how that valuation is completed.
CR Equity AI also charges a $999 AIVAA™ fee on the program. AIVAA — AI Valuation & Analytics Assessment — is a property evaluation, not an underwriting or loan-decision engine.
Title without the full policy on eligible files
The same principle applies to title.
When ownership and vesting remain unchanged and the file qualifies for the streamlined process, CR Equity Mini 250 uses a title search rather than a full title policy.
A title search is still required.
If the transaction requires an ownership or vesting change, the file moves to the standard full title process instead.
How quickly can a second lien fund?
On an eligible, complete file, CR Equity AI can move from clear-to-close to funding in as few as 24 hours.
That is not a promise that every transaction will fund within 24 hours. Timing can still depend on the completeness of the file, underwriting, title requirements, closing coordination, and signing availability.
The 24-hour measurement starts at clear-to-close, rather than at the initial submission.
Who is the program for?
CR Equity Mini 250 is designed for eligible investors using non-owner-occupied investment property for a business purpose.
The core requirements are straightforward: the transaction must be a qualifying Non-QM second lien, the loan amount must be $250,000 or less, the property must meet the program’s investment-property requirements, ownership and vesting must remain unchanged for the streamlined title path, and the file must come through a broker or correspondent channel.
ITIN and foreign national describe borrower types rather than this loan type. Those borrowers should be evaluated under the applicable ITIN & foreign national program.
What does the $500 offer mean for a broker?
For brokers and correspondents, the distinction between submission and funding matters.
Submitting a loan does not reserve one of the first 50 credits. Neither does approval or clear-to-close. The loan has to fund to qualify for the launch offer.
That makes file completeness and execution especially important during the launch period.
The $500 credit is applied to eligible borrower closing costs at closing and is not paid separately to the broker.
Program fees
CR Equity Mini 250 currently carries a $999 AIVAA fee and a $125 dual-signing fee when requested. The application fee has not yet been set. State-specific settlement costs also apply, with additional pass-through costs possible in non-attorney states.
The $500 launch credit is separate from those program fees and is applied toward eligible borrower closing costs for qualifying funded loans.
Frequently asked questions
Who gets the $500 back at closing?
The first 50 eligible CR Equity Mini 250 loans that fund receive a $500 credit toward eligible borrower closing costs.
Is the offer based on application order?
No. The first 50 are determined by funding order.
Is the $500 a cash payment?
No. It is a closing credit applied toward eligible borrower closing costs. It is not a separate cash payment and has no cash value.
Can I keep my existing first mortgage?
Yes. That is the defining structure of CR Equity Mini 250. The existing first mortgage remains in place and the new financing is added in second lien position.
Is CR Equity Mini 250 a refinance?
No. A refinance replaces the existing first mortgage. CR Equity Mini 250 adds a second lien while the existing first mortgage stays in place.
How much can I borrow?
The program allows eligible second liens of up to $250,000, subject to underwriting and program requirements.
Does the program require a traditional appraisal?
Eligible loans use two AVMs with at least 90% confidence plus a Property Condition Report instead of a traditional appraisal.
Does the program require a full title policy?
Eligible files with unchanged ownership and vesting use a title search instead of a full title policy. A title search is still required.
How quickly can the loan fund?
An eligible, complete file can fund in as few as 24 hours from clear-to-close. Actual timing varies by transaction.
The first 50 are the launch offer
CR Equity Mini 250 is already available as CR Equity AI’s Non-QM second lien program. The launch promotion is the new piece: the first 50 eligible loans that fund receive $500 back at closing.
The program allows eligible investors to add financing while keeping their existing first mortgage in place, with up to $250,000 available under the program and a streamlined valuation and title process for qualifying files.
Submit a second lien View CR Equity Mini 250
Offer terms
The $500 closing credit is available to the first 50 eligible CR Equity Mini 250 loans that fund. Qualification is determined by funding order, not submission order. The credit is applied at closing toward eligible borrower closing costs, has no cash value, and cannot exceed eligible closing costs. Eligibility, underwriting, closing, program availability, and offer terms are subject to CR Equity AI requirements and may change without notice.