APPLY

Q: Do you have a minimum acceptable credit score for borrowers?

The short answer is no. The great thing about being an independent, private lender is that we have the freedom to analyze a potential borrower’s entire situation rather than having our considerations restricted to only a few specific details. However, we do review credit score and credit history, and we factor that information in with MANY other components and credentials to make our decisions about a potential borrower’s eligibility, terms, and conditions.

Q: Do I need to have a business entity to qualify for your loans?

You don’t need to have a business entity in place to qualify for a loan, however we do require our loans to be made to such an entity, whether it’s an LLC or a corporation of some type. If you don’t have one, there’s no need to worry as we will provide all the guidance you need and it’s a fairly simple task. We occasionally make exceptions to this rule, but once we explain the benefits and purposes of it, we can discuss it further. This kind of thing goes by a few different names including SPV (special purpose vehicle), and/or SPE (single purpose entity OR special purpose entity).

Q: How do I apply?

Good news: it’s easy! Just click here to apply online , which will include uploading some documents. Uploaded documents can be image files (like .jpg or .png), or they can be an Adobe PDF (.pdf) file. If you have any questions or problems during your application, feel free to contact us!

COMMERCIAL FUNDING APPLICATION

NOTE: If you prefer, you may click here to download the PDF version of this application form, and email it to us after you complete it.

Step 1 of 8

PERSONAL INFORMATION
Borrower Name*
First Middle Last
Social Security Number*
Date of Birth*
MM slash DD slash YYYY
Marital Status*
- Married
- Separated
- Unmarried (including single, divorced, widowed)
Primary Phone Number*
Secondary Phone Number
Email Address*
BORROWER RESUME
Name of Employer*
Employer Address*
Type of Business
Business Phone Number*
Title/Position*
Number of Years on This Job*
Number of Years in Profession
Name of Previous Employer
Previous Employer Address
Type of Business
Business Phone Number
Title/Position
Number of Years on This Job
Number of Years in Profession
Will There Be a Co-Borrower?
- Yes
- No

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PERSONAL INFORMATION: CO-BORROWER
Co-Borrower Name*
First Middle Last
Social Security Number*
Date of Birth*
MM slash DD slash YYYY
Marital Status*
- Married
- Separated
- Unmarried (including single, divorced, widowed)
Primary Phone Number*
Secondary Phone Number
Email Address*
CO-BORROWER RESUME
Name of Employer
Employer Address
Type of Business
Business Phone Number
Title/Position
Number of Years on This Job
Number of Years in Profession
Name of Previous Employer
Previous Employer Address
Type of Business
Business Phone Number
Title/Position
Number of Years on This Job
Number of Years in Profession

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ASSETS AND LIABILITIES
Completed Jointly or Separately?*
This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-Borrowers if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise, separate Statements and Schedules are required. If the Co-Borrower section was completed about a non-applicant spouse or other person, this Statement and supporting schedules must be completed by that spouse or other person also.
- Jointly
- Separately
BORROWER ASSETS
You selected for the Borrower and Co-Borrower to complete the 'Assets and Liabilities' section separately rather than jointly, so the Borrower should complete this 'Assets' section. There will be an additional 'Assets and Liabilities' section for the Co-Borrower on the next page.
Cash Deposit Toward Purchase Held By*
Cash Value*
CHECKING AND SAVINGS ACCOUNTS
Bank/S&L/Credit Union*
Bank/S&L/Credit Union Address
Account Number
Cash Value*
Bank/S&L/Credit Union
Bank/S&L/Credit Union Address
Account Number
Cash Value
Bank/S&L/Credit Union
Bank/S&L/Credit Union Address
Account Number
Cash Value
Stocks & Bonds Company Name
Account Description
Account Number
Cash Value
Net Life Insurance Face Value
Net Life Insurance Cash Value
SUBTOTAL LIQUID ASSETS*
How Many Owned Real Estate Properties?*
OWNED REAL ESTATE PROPERTY #1
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #2
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #3
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #4
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #5
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #6
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #7
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #8
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #9
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #10
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
ALL REAL ESTATE OWNED MARKET VALUE TOTAL*
ALL REAL ESTATE OWNED NET VALUE TOTAL*
ADDITIONAL ASSETS
Vested Interest in Retirement Fund
Net Worth of Business(es) Owned
Upload Business(es) Financial Statement(s)
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Owned Vehicle Make, Model, & Year
Market Value
Owned Vehicle Make, Model, & Year
Market Value
Do You Have Any Additional Assets to List?*
- Yes
- No
How Many Additional Assets?*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
List All Additional Assets Here*
Combined Cash or Market Value of Additional Assets*
ASSETS TOTAL VALUE*
ASSETS TOTAL NET VALUE*
BORROWER LIABILITIES
You selected for the Borrower and Co-Borrower to complete the 'Assets and Liabilities' section separately rather than jointly, so the Borrower should complete this 'Liabilities' section. There will be an additional 'Assets and Liabilities' section for the Co-Borrower on the next page.
LIABILITIES AND PLEDGED ASSETS
List the required details for ALL outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use the checkbox to indicate liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property.
LIABILITY #1
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #2
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #3
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #4
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #5
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
ALIMONY/CHILD SUPPORT/SEPARATE MAINTENANCE
Person Owed Alimony/Child Support
Monthly Payment
JOB-RELATED EXPENSES (CHILD CARE, UNION DUES, ETC.)
Expense Description
Monthly Payment
Do You Have Any Additional Liabilities to Add?*
- Yes
- No
How Many Additional Liabilities Do You Need to Add?*
LIABILITY #6
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #7
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #8
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #9
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #10
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
REMAINING LIABILITIES
List & Describe Remaining Liabilities*
Combined Monthly Payment of Remaining Liabilities*
Combined Unpaid Balance on Remaining Liabilities*
Other Names*
Have you ever had any alternate names, additional names, or pseudonyms that you may have received credit with?
- Yes
- No
Alternate Name 1*
Creditor Name
Account Number
Alternate Name 2
Creditor Name
Account Number
TOTAL MONTHLY LIABILITIES PAYMENTS*
TOTAL LIABILITIES OWED*
TOTAL NET WORTH*
Assets Total Value minus Total Liabilities Owed
Hidden
TOTAL NET WORTH (B)*
Assets Total NET Value minus Total Liabilities Owed

Save and Continue Later

ASSETS AND LIABILITIES: CO-BORROWER
CO-BORROWER ASSETS
You selected for the Borrower and Co-Borrower to complete the 'Assets and Liabilities' section separately rather than jointly. The Borrower should have already completed their own 'Assets' section on the previous page, so the Co-Borrower should complete this 'Assets' section.
CHECKING AND SAVINGS ACCOUNTS
Bank/S&L/Credit Union*
Bank/S&L/Credit Union Address
Account Number
Cash Value*
Bank/S&L/Credit Union
Bank/S&L/Credit Union Address
Account Number
Cash Value
Bank/S&L/Credit Union
Bank/S&L/Credit Union Address
Account Number
Cash Value
Stocks & Bonds Company Name
Account Description
Account Number
Cash Value
Net Life Insurance Face Value
Net Life Insurance Cash Value
CO-BORROWER LIQUID ASSETS SUBTOTAL*
Co-Borrower: How Many Owned Real Estate Properties?*
OWNED REAL ESTATE PROPERTY #1
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #2
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #3
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #4
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #5
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #6
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #7
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #8
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #9
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
OWNED REAL ESTATE PROPERTY #10
Property Address*
Type*
Status*
Present Market Value*
Mortgages/Liens Amount
Monthly Mortgage Payments
Gross Monthly Rental Income
Monthly Expenses*
Net Monthly Rental Income
Net Asset Value*
CO-BORROWER: ALL REAL ESTATE OWNED MARKET VALUE TOTAL*
CO-BORROWER: ALL REAL ESTATE OWNED NET VALUE TOTAL*
ADDITIONAL ASSETS
Vested Interest in Retirement Fund
Net Worth of Business(es) Owned
Upload Business(es) Financial Statement(s)
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Owned Vehicle Make, Model, & Year
Market Value
Owned Vehicle Make, Model, & Year
Market Value
Do You Have Any Additional Assets to List for Co-Borrower?*
- Yes
- No
How Many Additional Assets for Co-Borrower?*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
Asset Type*
Asset Description*
Asset Cash or Market Value*
List All Additional Assets Here*
Combined Cash or Market Value of Additional Assets*
CO-BORROWER: ASSETS TOTAL VALUE*
CO-BORROWER: ASSETS TOTAL NET VALUE*
CO-BORROWER LIABILITIES
You selected for the Borrower and Co-Borrower to complete the 'Assets and Liabilities' section separately rather than jointly. The Borrower should have already completed their own 'Liabilities' section on the previous page, so the Co-Borrower should complete this 'Liabilities' section.
LIABILITIES AND PLEDGED ASSETS
List the required details for ALL outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use the checkbox to indicate liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property.
LIABILITY #1
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #2
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #3
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #4
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #5
Creditor Name
Creditor Address
Account Number
Monthly Payment
Number of Months Left to Pay
Current Unpaid Balance
ALIMONY/CHILD SUPPORT/SEPARATE MAINTENANCE
Person Owed Alimony/Child Support
Monthly Payment
JOB-RELATED EXPENSES (CHILD CARE, UNION DUES, ETC.)
Expense Description
Monthly Payment
Do You Have Any Additional Liabilities to Add for Co-Borrower?*
- Yes
- No
How Many Additional Liabilities Do You Need to Add for Co-Borrower?*
LIABILITY #6
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #7
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #8
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #9
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
LIABILITY #10
Creditor Name*
Creditor Address
Account Number
Monthly Payment*
Number of Months Left to Pay
Current Unpaid Balance
REMAINING LIABILITIES
List & Describe Remaining Liabilities*
Combined Monthly Payment of Remaining Liabilities*
Combined Unpaid Balance on Remaining Liabilities*
Co-Borrower: Other Names*
Have you ever had any alternate names, additional names, or pseudonyms that you may have received credit with?
- Yes
- No
Alternate Name 1*
Creditor Name
Account Number
Alternate Name 2
Creditor Name
Account Number
CO-BORROWER: TOTAL MONTHLY LIABILITIES PAYMENTS*
CO-BORROWER: TOTAL LIABILITIES OWED*
CO-BORROWER: TOTAL NET WORTH*
Assets Total Value minus Total Liabilities Owed
Hidden
CO-BORROWER: TOTAL NET WORTH (B)*
Assets Total NET Value minus Total Liabilities Owed

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DOCUMENTS
In order to be considered for a commercial loan approval, the following documents are appreciated. You may upload them below.
Purchase Contract
Fully executed, including all addenda.
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Property Photos
Several photos of subject property exterior and interior.
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Tax Returns
For borrower and co-borrower, if applicable.
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Inspections
Property inspection report(s).
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Survey
Property survey.
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Photo ID of Borrower(s)
For borrower and co-borrower, if applicable.
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
Bank Statements
12 months of cancelled checks or bank statements evidencing payment history, for borrower and co-borrower, if applicable.
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 100 MB.
BORROWER ACKNOWLEDGEMENT AND AGREEMENT
I, BORROWER, authorize Murphy Development Inc. and/or assigns to make inquiries as necessary to verify the accuracy of the statements made in this application and to determine my creditworthiness. I authorize and instruct any person or consumer reporting agency to compile and furnish any information it may have or obtain in response to such credit inquiries. I certify the above and the statements contained in the attachments are true and accurate as of the stated date. These statements are made for the purposes of obtaining a loan. I understand FALSE statements may result in possible prosecution by the U.S. Attorney General (Reference 18 U.S.C. 1001). I authorize the release of this information regardless of whether my signature below is an original or a copy.
Borrower Signature*
Sign your name using your finger, a stylus, or your mouse cursor.
Today's Date*
MM slash DD slash YYYY
CO-BORROWER ACKNOWLEDGEMENT AND AGREEMENT
I, CO-BORROWER, authorize Murphy Development Inc. and/or assigns to make inquiries as necessary to verify the accuracy of the statements made in this application and to determine my creditworthiness. I authorize and instruct any person or consumer reporting agency to compile and furnish any information it may have or obtain in response to such credit inquiries. I certify the above and the statements contained in the attachments are true and accurate as of the stated date. These statements are made for the purposes of obtaining a loan. I understand FALSE statements may result in possible prosecution by the U.S. Attorney General (Reference 18 U.S.C. 1001). I authorize the release of this information regardless of whether my signature below is an original or a copy.
Co-Borrower Signature*
Sign your name using your finger, a stylus, or your mouse cursor.
Today's Date*
MM slash DD slash YYYY
Comments
This field is for validation purposes and should be left unchanged.

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TITLE VIII of the CIVIL RIGHTS ACT of 1966 makes discrimination based on race, color, religion, sex, or national origin illegal in connection with the rental of most housing. The Federal agency which administers compliance with this law concerning this company is the Department of Housing & Urban Development located at 1100 Commerce Street, Dallas TX, 75202, and the Department of Housing & Urban Development located at 1371 Peachtree Street N.E., Atlanta GA, 30309.

EQUAL CREDIT OPPORTUNITY ACT: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of sex or marital status. The Federal agency which administers compliance with concerning this company is the Equal Credit Opportunity, Federal Trade Commission in Washington DC, 20580.

NOTE: If you prefer, you may click here to download the PDF version of this application form, and email it to us after you complete it.

FREQUENTLY ASKED QUESTIONS

Why can’t I get a loan from a bank for my real estate investment?2019-09-21T21:29:07-05:00

Why can’t I get a loan from a bank for my real estate investment?

Banks can be difficult to work with because they don’t like to lend on a number of common real estate investments, such as land development, flips, rehabs, and more. Basically, it’s tough to get a bank loan for any investment property that doesn’t generate cashflow from rent. Hard money lenders came into existence specifically to provide funding for real estate investments that banks won’t touch.

Aside from that, bank loan approvals are extremely restrictive and based only on the current as-is value of the property, which doesn’t always work very well for investment properties that are being purchased especially for the purpose of renovation and resale.

What’s the difference between getting a hard money loan from a private lender versus an institutional lender?2019-09-21T21:35:09-05:00

What’s the difference between getting a hard money loan from a private lender versus an institutional lender?

The biggest difference boils down to the information they use to make their lending decisions. Institutional lenders are typically “hard equity lenders”, meaning they make their lending decisions based largely on the property itself. Alternatively, private lenders make their lending decisions based on whatever factors they see fit, including nearly any aspect of your life, any component of the investment project, or a combination of both.

As such, private lenders tend to operate as “relationship lenders”, because their relationship with the borrower often factors into their decision. Essentially, private lenders have the freedom to choose to lend their money to whomever they want, but they typically make their decisions based on indicators like the borrower’s experience, income, capital, credit, and other personal or professional credentials, while also factoring the property into consideration as well.

These two very different methods of determining “worthy” borrowers result in other key differences as well. Most institutional lenders require inspections, surveys, and appraisals, because they are using the property as their deciding factor. These additional steps are costly, but they are also time-consuming and can cause a myriad of problems in a real estate investment transaction.

Further differences could be seen as part of the overall borrowing experience; a borrower will never get the chance to negotiate with the true decision-maker of a lending institution, but a borrower can sit face to face with a private lender almost anytime! Plus, even if the transaction goes silky smooth, funding through traditional institutions takes at least 15 days, and most often takes 30 to 45 days. Meanwhile, we can fund a loan in as little as 7 days!

What qualities are hard money lenders looking for when qualifying a potential borrower?2019-09-21T21:29:06-05:00

What qualities are hard money lenders looking for when qualifying a potential borrower?

There’s no right or wrong answer here, but most private hard money lenders are evaluating the borrower more so than the investment property.

Most private real estate investment lenders typically want to lend to a borrower who is experienced and savvy in the field; someone who makes good purchasing decisions and who completes improvement projects for resale as quickly as possible. They are more likely to feel comfortable in lending money to someone who is reliable, stable, and mature; someone who has regional ties and isn’t locally known for personal drama, abandoning projects, or making rash decisions.

Like any lender, they also like borrowers who have a dependable source of income and good credit, but unlike traditional lenders, these qualities can be substituted with working capital, relevant training, successful prior projects, or any other factor the lender may consider relevant.

Do you have a minimum acceptable credit score for borrowers?2019-09-21T21:11:38-05:00

Do you have a minimum acceptable credit score for borrowers?

The short answer is no.

The great thing about being an independent, private lender is that we have the freedom to analyze a potential borrower’s entire situation rather than having our considerations restricted to only a few specific details.

However, we do review credit score and credit history, and we factor that information in with MANY other components and credentials to make our decisions about a potential borrower’s eligibility, terms, and conditions.

What qualities are you looking for when qualifying a potential borrower?2019-09-21T21:11:38-05:00

What qualities are you looking for when qualifying a potential borrower?

Our lending decisions are typically based on the potential borrower’s capacity to succeed, combined with the overall likelihood of project success. We aren’t automatically scared away by flawed credit histories, low credit scores, or self-employment.

Like other private lenders, we consider all known factors about the potential borrower’s personal and professional life, plus facts and data that are known about the investment property project when making our lending decisions.

I don’t have any experience in real estate investing. Could I still qualify for a hard money loan?2019-09-21T22:00:06-05:00

I don’t have any experience in real estate investing. Could I still qualify for a hard money loan?

Of course! Everyone starts somewhere, and we truly enjoy working with new investors. The terms and conditions of your loan may be a bit different from that of an investor that we’ve completed multiple transactions with, but we look forward to turning you into a seasoned pro.

Do I need to have a business entity to qualify for your loans?2019-09-30T14:37:28-05:00

Do I need to have a business entity to qualify for your loans?

You don’t need to have a business entity in place to qualify for a loan, however we do require our loans to be made to such an entity, whether it’s an LLC or a corporation of some type. If you don’t have one, there’s no need to worry as we will provide all the guidance you need and it’s a fairly simple task. We occasionally make exceptions to this rule, but once we explain the benefits and purposes of it, we can discuss it further. This kind of thing goes by a few different names including SPV (special purpose vehicle), and/or SPE (single purpose entity OR special purpose entity).

Do you provide real estate investment funding for foreign nationals?2019-09-30T15:09:30-05:00

Do you provide real estate investment funding for foreign nationals?

Yes, we absolutely fund foreign nationals, and have worked with quite a few already!

How do I apply?2019-09-21T21:13:23-05:00

How do I apply?

Good news: it’s easy! Just click here to apply online, which will include uploading some documents. Uploaded documents can be image files (like .jpg or .png), or they can be an Adobe PDF (.pdf) file. If you have any questions or problems during your application, feel free to contact us!

How long does it take you to respond to a new loan application?2019-09-30T14:38:09-05:00

How long does it take you to respond to a new loan application?

We typically respond to a new loan application either the same day or the following day. It is always our goal to get a preliminary loan commitment to you within 48 hours of when you initially made contact with us, but sometimes this is delayed because we are waiting on documents.

What documents will I be required to provide as part of my loan application?2019-09-30T14:39:29-05:00

What documents will I be required to provide as part of my loan application?

Our standard document requirement is very simple:

Loan application
Credit authorization
Purchase contract
Proof of funds for down payment
Two years of tax returns
Copy of government-issued ID

We may require additional documents before closing, but this is all that’s required for us to provide you with a loan commitment.

If I become a repeat borrower, will I always have to provide the same documents every time I request investment property funding?2019-09-30T14:40:19-05:00

If I become a repeat borrower, will I always have to provide the same documents every time I request investment property funding?

As a repeat client, the process is super easy. Typically, repeat borrowers just send me the purchase contract and the amount they want to borrow, and almost everything else is handled by our team or the title company.

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APPLY

COMMERCIAL FUNDING APPLICATION

NOTE: If you prefer, you may click here to download the PDF version of this application form, and email it to us after you complete it.

Step 1 of 8

PERSONAL INFORMATION

BORROWER RESUME

PERSONAL INFORMATION: CO-BORROWER

CO-BORROWER RESUME

PERSONAL INCOME SOURCES

PERSONAL CASH REQUIREMENTS/EXPENSES

DECLARATIONS

ASSETS AND LIABILITIES

BORROWER ASSETS

CHECKING AND SAVINGS ACCOUNTS

OWNED REAL ESTATE PROPERTY #1

OWNED REAL ESTATE PROPERTY #2

OWNED REAL ESTATE PROPERTY #3

OWNED REAL ESTATE PROPERTY #4

OWNED REAL ESTATE PROPERTY #5

OWNED REAL ESTATE PROPERTY #6

OWNED REAL ESTATE PROPERTY #7

OWNED REAL ESTATE PROPERTY #8

OWNED REAL ESTATE PROPERTY #9

OWNED REAL ESTATE PROPERTY #10

ADDITIONAL ASSETS

BORROWER LIABILITIES

LIABILITY #1

LIABILITY #2

LIABILITY #3

LIABILITY #4

LIABILITY #5

ALIMONY/CHILD SUPPORT/SEPARATE MAINTENANCE

JOB-RELATED EXPENSES (CHILD CARE, UNION DUES, ETC.)

LIABILITY #6

LIABILITY #7

LIABILITY #8

LIABILITY #9

LIABILITY #10

REMAINING LIABILITIES

ASSETS AND LIABILITIES: CO-BORROWER

CO-BORROWER ASSETS

CHECKING AND SAVINGS ACCOUNTS

OWNED REAL ESTATE PROPERTY #1

OWNED REAL ESTATE PROPERTY #2

OWNED REAL ESTATE PROPERTY #3

OWNED REAL ESTATE PROPERTY #4

OWNED REAL ESTATE PROPERTY #5

OWNED REAL ESTATE PROPERTY #6

OWNED REAL ESTATE PROPERTY #7

OWNED REAL ESTATE PROPERTY #8

OWNED REAL ESTATE PROPERTY #9

OWNED REAL ESTATE PROPERTY #10

ADDITIONAL ASSETS

CO-BORROWER LIABILITIES

LIABILITY #1

LIABILITY #2

LIABILITY #3

LIABILITY #4

LIABILITY #5

ALIMONY/CHILD SUPPORT/SEPARATE MAINTENANCE

JOB-RELATED EXPENSES (CHILD CARE, UNION DUES, ETC.)

LIABILITY #6

LIABILITY #7

LIABILITY #8

LIABILITY #9

LIABILITY #10

REMAINING LIABILITIES

INFORMATION ABOUT PROPERTY TO BE FINANCED

Purchase Loan

Refinance Loan

Cash Out Request

VESTING OF REAL ESTATE TITLE

OWNERSHIP/OFFICERS/DIRECTORS

BUSINESS INFORMATION

BUSINESS HISTORY

BUSINESS DECLARATIONS

DOCUMENTS

BORROWER ACKNOWLEDGEMENT AND AGREEMENT

CO-BORROWER ACKNOWLEDGEMENT AND AGREEMENT

NOTE: If you prefer, you may click here to download the PDF version of this application form, and email it to us after you complete it.