For our Fix/Flip, New Construction, and Bridge our typical term is 12-18 months depending on the project size. For our DSCR rental loans, the term is 30 years with varying options for prepayment penalty and ARMs with interest-only periods if they are desired.

For our Fix/Flip, New Construction, and Bridge we will close typically in 2-3 weeks but can close faster with appraisal, title, and other necessary docs in hand. Our Rental DSCR can close in 4-5 weeks. We can close quicker with above-average response times, great organization, and preparation.

Depending on the loan product and duration the rates will vary based on experience, credit, and the overall deal. For our Fix/Flip, New Construction, and Bridge rates are currently between 10-12%. Rental DSCR are between 7.5-9.5%

We charge 2-3 points on most deals and are dependent on the experience, credit, and loan type. The points are paid up front at closing with your other associated closing costs.

Our lender’s legal fee is $1000 and the commitment fee is $995 and a $40 wire fee. For each draw request, the draw inspection fee is $250.

We hire a vetted third party AMC or appraiser for all of our properties we are lending on. If you have a requested appraiser we can get their license, examples of appraisals, and see if we can get them added on our list of approved appraisers for future appraisals.

We are ready to collaborate with you if you require more time, provided that the loan is current and up-to-date with payments, and the insurance is current. We offer extensions on a case-by-case basis, including options for 30 days, 3 months, or 6 months, depending on the specific situation. It's important to note that extending the loan will incur a 1-2 point extension fee.

For our Fix/Flip, New Construction, and Bridge loans we do not have any prepayment penalties. Our Rental DSCR loans have varying prepayment penalties that can be chosen from 1-5 years.

We are looking at both the deal and the borrower(s). Part of the asset in the deal is the operator and a good deal can be spoiled by a bad borrower. We want to understand if the deal makes sense and that we are comfortable that the borrower will make their payments on time, complete the project within the term period, and return the money to us.

Our loans are considered “light doc” loans where we are looking at the liquidity, creditworthiness, experience of the borrower, and deal specifics. We require proof of liquidity through bank statements and a stated income personal financial statement but we are not looking at tax returns and income verification.

For experienced investors, our minimum is 650 and for newer investors and our rental DSCR loans, 680 is our minimum.

We only perform a hard pull on live fix/flip, new construction, and bridge loans. That credit report can be used for subsequent deals usually up to 3-6 months and after that time we may request to have an updated credit report on file for upcoming projects.

We cannot fund within 5 years of a recent bankruptcy or foreclosure.

Depending on experience, we require 10-30% of the purchase price for funds invested in the deal that are not covered by the approved loan amount. Additionally, we ensure that there is enough money available for closing costs, interest payments, and working capital before disbursing draws.

Certainly. Our leverages (LTC) and the percentage of the project that borrowers need to contribute (skin in the game) will decrease as more deals are successfully completed. This is a merit-based system, and after completing 6+ projects, you will be eligible for our highest leverage tier, which provides 90% of Purchase and 100% of Construction, up to a maximum of 70% ARLTV.

We cannot count deals that were not either fix/flips, new construction, or rental properties purchased. Wholesale and performing projects for other investors where you are not on the LLC or loan as a guarantor would not be counted towards experience.

Yes. Prior to closing, we will responsibly source the funds that will be needed to close on the property and also get through the project without running out of money. The funds would need to be moved into a personal or business bank account prior to closing. For our Rental DSCR, there is a 3-month seasoning period for all funds to be in your accounts.

We do not fund construction funds upfront. Depending on your relationship with your contractors we will reimburse completed work. As you complete the work, you can request a draw reimbursement once we get the inspection.

Typically, it takes 3-5 business days. The process can be expedited, especially as we accumulate more draws and collaborate on additional deals. Additionally, there may be occasional delays from the time we initiate the inspection request to when the inspector schedules the inspection and coordinates payment for the report, which is sent to us for final review.

We lend in all states except for North Dakota, South Dakota, Minnesota, Vermont, Oregon, Nevada, Arizona, Wyoming, and Idaho.

We anticipate obtaining new licensure in the following states and hope to bring them online soon: Nevada and Arizona

Our minimum loan size is $100,000. We will lend sometimes below $100,000 on a case-by-case basis from $75,000-$100,000 depending on the deal structure and location. Our rental DSCR loans require a minimum of $100,000/unit for a refinance/purchase with our term loan program.

Depending on where the property is located we may not be able to lend if it is designated as rural. This usually is an issue due to population density and if we are not comfortable with getting comps that are within a reasonable distance of the property.

Our term and bridge loans will allow for commercial properties but only 5+ unit multifamily and mixed-use where more than 50% of the property is made up of residential units and is over $250,000. We do not lend on pure commercial or special-use properties.

We do lend on fire-damaged properties but would be heavily weighed on the strength and experience of the operator with the property’s condition.

We cannot lend to a personal name due to our loans being commercial loans. We can only lend to an entity i.e. LLC, S-Corp, C-Corp, etc…

Trust can be complicated to lend on or refinance with but we can look at the trust documents on a case-by-case basis and determine what challenges or if it would preclude us from lending to one. The trust would be required to be irrevocable in all cases if we were able to lend to one.

Once our application has been completed and submitted, an underwriter from our team will get in touch to review the deal and the provided information, which includes financials, experience, and the next steps. Following the borrower interview call, if we both agree to proceed, we will proceed to order the appraisal from one of our trusted sources, which could be either an AMC (Appraisal Management Company) or an approved appraiser.

If you have a preferred relationship with a title company and an insurance broker, you have the option to order their services yourself after we conduct the borrower interview. Should you require recommendations for both, we can guide you toward some of our preferred and vetted partners within each category. You would simply need to furnish us with the contact details for each vendor, and our team will ensure their inclusion in all correspondence.

We control all of our loan decisions related to the loans we originate. We deploy our own funds on select projects as it is available and also manage multiple capital sources to provide the very best options and flexibility for our borrowers.

Unfortunately for all of our loans, we must be in the first and only lien position. With a seller holdback, we cannot lend unless we pay off the seller holdback lien and then we can refinance into a new loan where we are the sole and only lien holder.

We cannot lend on specialized housing like bed and breakfast, rooming homes, hotels/motels, due to the use of the property being commercial use.