FAQ
FAQs for Borrowers
6 months with extension options. Other extension terms may apply.
Each loan is looked at on a case by case basis with rates starting at 9.375% depending on the deal. Each property and each deal is unique.
Most loans we do carry 1.5 to 2 points. Factors that may sway this up or down include LTV, property location, and your experience.
Up to $2M
We typically can close within 5-7 business days. We close on the borrower’s timeline as long as we have received everything from the borrower and title. On occasion, but not usually, an appraisal could be required which could add a few additional days.
Yes, we can accommodate rushed closings in under 5 days for an additional fee.
We do not require a minimum credit score however we will consider a higher LTV if credit is pulled and a lower LTV if a credit report is not pulled.
Most of our loans are made on residential investment single family homes and 2 to 4 unit residential. However, we will loan office, retail, commercial, industrial, land, or large multi family at 40% or lower LTV’s.
California, Texas, and Florida
Yes, so long as the total LTV of all liens is within our underwriting guidelines.
The grand majority of our loans are interest only, allowing the borrower to have the least amount of payment stress while completing their project. Some of our longer term loans may include principal payments on a case by case basis.
Sometimes yes, sometimes no depending on LTV. For our best rate and term, we would request bank statements.
Will lend up to 90% of purchase price and at no more than 67.5% of ARV.
No. We require all closing costs to be paid at the time of closing.
Please start with filling out our loan application and a loan professional will get back to you within 24 hours.
