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 [...]
What are your requirements for insurance?
We absolutely require property and casualty, and liability insurance on the property, as it’s a small price to pay for the protection. We may also [...]
What is the required minimum down payment?
It varies, but typically hinges on on the project and situation; we can be flexible depending on your circumstances. Generally speaking you will be required [...]
Do you have a minimum and/or maximum loan amount?
No, we do not have a set minimum or maximum loan amount. To date, our smallest loan amount was $50,000 and our largest loan amount [...]
How fast can you provide funding?
Thanks to our streamlined process and extensive transaction experience, we regularly close loans in as little as 7 days. Keep in mind that there is [...]
Do you finance second position loans?
No, we don’t.
Do your loans have any junk fees or hidden costs?
We have absolutely no junk fees or hidden costs. The only fee we charge is a loan origination fee, which is 2% of the loan [...]
Do you require an appraisal, survey, and/or inspections?
We do require a survey; several years ago, we accidentally purchased half of a house! This was an incident we certainly would have avoided if [...]
What is the maximum LTV (Loan to Value) you are willing to lend?
It varies, but typically hinges on on the project and situation, and can be flexible depending on your circumstances. To reiterate previous FAQ answers, the [...]
Do you have a prepayment penalty?
We do not have prepayment penalties. You can pay off your loan at any point during the term of your loan with no penalties at [...]