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

We will work with you if you need additional time and the loan is current and up to date with payments and the insurance is current. We offer on a case by case basis 30 day, 3 month, and 6 month extensions depending on the situation. When extending the loan it is subject to a 1-2 point extension fee.

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

We can close all loans in as little as 7 days! Typically, our Fix & Flip, New Construction, and Bridge loans will close in 2-3 weeks but can close faster with appraisal, title, and other necessary documents in hand. Our Rental DSCR can close in less than 21 days. We can close quicker with above-average response times, great organization, and preparation.

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

Our minimum loan size is $100,000. We will sometimes lend 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 per unit for a refinance or purchase with our term loan program.

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, we may request an updated credit report on file for upcoming projects.

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

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 loans are considered “light doc” loans where we are looking at the liquidity, creditworthiness, borrower experience, 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.

We hire a vetted third party 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.

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

Yes. Our LTC and/or the percentage of the project that needs to be brought into the deal (skin in the game) by the borrower will be lowered as more deals are completed. It is merit-based and once you have completed 6+ projects you can unlock our highest leverage tier of 90% of Purchase and 100% of Construction up to a maximum of 70% ARLTV.

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

Generally 3-5 business days. It can be quicker and as we complete more draws and deals together it can be completed quicker. Also, it can sometimes get delayed from the time we order the inspection once the request is submitted when the inspector reaches out to schedule the inspection and coordinate payment for the report to be sent to us for final review.

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.