We provide funding for residential, non-owner occupied properties and commercial properties including (but not limited to): apartments, retail spaces and mixed-use buildings. We do not currently loan on mobile or manufactured homes, gas stations, strip malls or new construction projects.
We make loans throughout the state of Florida, Georgia, South Carolina, North Carolina, Virginia, West Virginia, Maryland, Pennsylvania, Connecticut, Massachusetts, Maine, New York, Ohio, Kentucky, Tennessee, Arkansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Iowa, Nebraska, Kansas, Oklahoma, Texas, New Mexico, Colorado, Wyoming, Idaho and Washington, although we may also lend in other states.
We routinely fund investors in as little as 10 days from start to finish. This can vary depending on the size and type of the investment project.
Our approvals are primarily based on an investor’s ability to succeed. Damaged credit or self-employed is ok.
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.
We typically require a minimum of 10%-15% 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.