FAQs

Frequently Asked Questions

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Loan Programs

There are several loan programs based on the investment need. Learn more (hyperlink to Loan Programs page).

Our lending services extend nationwide, except for a few states such as Alaska, Nevada, South Dakota, North Dakota, and Vermont.
Loans from our lenders start at various interest rates with a 1 one point minimum. We can’t say for sure what rate you will get without reviewing your full application and knowing the specifics of the property,
Lenders primarily evaluate the property to determine its ability to back the loan. Lenders consider type of usage, extent of renovation, and After Repair Value (ARV). The borrower is evaluated for experience liquidity for down payment and soft-pull credit score However,can be creative with all loan scenarios in a way traditional lenders are not able to.
In most cases, the loan amount 75% and 85% LTV. The borrower pays 20 to 25% down payment.
Generally it is $75,000 for most lenders
This varies with the type of loan program.
The loans vary in length from a few months for fix and flips to 30+ years for DSCR.
Some loans may have a 3-5 year pre-payment penalty. While others do not have it.

Yes. See the Loan Programs section of this website.

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Loan Application Process

To ensure a swift loan closing, we recommend allowing us to handle the appraisal process. However, if you already possess a completed appraisal, we'll consider utilizing it post-evaluation.

Appraisal fees depend on the type and size of the property.
Generally, our lenders can close within two weeks from receiving a complete application packet, pending appraiser availability and title work for certain loans. Most loans will average about 30 days.
Typically, our lenders will require survey coverage on the title insurance policy.
All the Private Money loans are made to an LLC’s name and generally require a personal guarantee.

Sources can include self-directed IRAs, other retirement accounts, savings/checking/money market accounts, and others. The main factor is demonstrating sufficient liquidity.

Generally, our lenders can provide you with a pre-approval letter after you submit your application packet.

Some of the lenders do offer 100% financing with cross-collateralization.
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Loan Draw Process

The rehab funds for your loan are deposited into an escrow account upon funding. As you progress with the project, funds are disbursed incrementally through a series of draws. Once expenses are incurred, an inspection of the property will be conducted to ensure the work meets the necessary requirements. Following a successful inspection, the corresponding draw will be released, allowing you to continue your project without delay.

Generally, our lenders do not charge for appraisals – you pay the appraiser directly.

Our lenders typically receive the inspection report within 48 to 72 hours, ensuring a swift review process. Once the report is confirmed, funds are generally disbursed the very next business day, allowing for seamless and timely progress on your project.

You are responsible for the cost of hiring an independent inspector to verify the completed work on the project. This inspection ensures that all progress is in line with the necessary requirements.