We provide funding for residential, non-owner occupied properties and commercial properties including (but not limited to): apartments, retail spaces, mixed-use buildings, and public-private partnerships. We do not loan on mobile or manufactured homes, gas stations, churches, strip malls, ar washes or new construction projects.
While most of our loans are concentrated in the Southeast, we lend throughout the US.
We consistantly fund investors in seven to ten (7-10) days. This can vary depending on the size, the type of the investment, and the title company.
Our approvals are primarily based on an investor’s ability to succeed. Damaged credit or self-employed is ok.
There are no pre-payment penalties for our Investor Rehab loans, and our Cash-out Refinances. Rental Property loans do have a pre-payment penalty during the first year.
Yes. Most of our loan programs include the option of funding for property rehab.
Our pricing is fair and straightforward with no junk fees or hidden charges at closing. A good faith estimate of all loan costs will be provided free-of-charge after loan request.
We typically require a minimum of 10% down payment on the Total Project Cost (“TPC”) plus closing costs. Total Project Cost can include purchase price and rehab.
Yes, we provide Proof-of-Funds Letters to approved Investors with a (1) business day turn around.
The maximum loan-to-value can range from 60% to 75%, based on the loan program. This percentage is based on the After Repaired Value based on comparable sales of arms-length transactions in the neighborhood. We typically do not use foreclosures or short sales for comparison, only conventional sales.