FAQ’s

We currently lend in 40 states: AL, AK, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, UT, VA, WA, WI, and WY. We are continually expanding our footprint so check back often if you do not see your state.

We lend up to 90% of purchase price plus settlement costs and up to 100% of rehab costs provided the After Repaired Value ("ARV") is 75% LTV max.

We can loan up to 80% for rent stabilized properties with existing tenants and no capital expenditures required.

We lend up to 75% of appraised values on refinancing.

Presently, $53,000 to $2,500,000 loan amounts. If larger, we will simply break it into multiple loans without additional costs to accommodate the maximum lending amount.

We lend on single-family homes, rental portfolios, townhomes, condos, multi-family apartments, Airbnb’s, and ground up construction projects. We can also finance mixed use commercial properties with a substantial residential component.

For fix and flip and fix to rent loans, we offer a 12-month loan with interest only payments and pre-payable at any time. For acquisitions/refinance, we offer up to 30-year fixed loans. To learn more, explore our Loan Programs.

Yes, on most deals from the sponsors/principals. We will consider non-recourse loans with standard bad boy carve outs on a case-by-case basis provided the corporate entity guaranteeing the loan has sufficient liquidity and net worth.

We only lend to corporate entity borrowers, usually an LLC, corporation or limited partnership. We will not lend to non-profits.

We only make business-purpose loans to investors on non-owner-occupied properties. We will not lend on a primary residence or second home.

We are always in the senior position secured by a 1st lien.

We will not permit subordinate debt or 2nd liens.

Yes, we will finance ground up construction with experienced contractors and builders.

As with any successful lending relationship, repeat customers will get the best terms available.

We will not finance owner-occupied homes, co-ops, log homes, mobile homes, manufactured houses, and raw land.

We will lend to foreign nationals with the necessary OFAC documentation.

We have no minimum condition requirements, the messier the better. A quality rehab is where you unlock value in your property!

You do not need a great credit score (FICO) to borrow from our lenders; however, we do review the credit profile of all loan sponsors/principals and will not lend to you if you are currently delinquent on any loans or have filed bankruptcy in the last three years.

We strive to close all loans as quickly as possible. It will really depend on completed title work and receiving the appraisal. Typically within 3-5 days upon completion of the appraisal.

Experience is beneficial and it will enhance your loan terms but we understand that everyone has to start sometime. We lend to first time investors.

At least one sponsor/principal in the transaction will need to have a credit score (FICO) of 660 or better. If your FICO is lower than 700, you may be capped at a lower LTV than the maximum amount available. Inquire to further discuss.

Usually within 24-48 hours of a complete submission package.

No. You shall submit a personal financial statement and your last two personal and corporate bank statements.

Yes, provided you are not occupying the house and have no intention of doing so. We refinance many investors who pay all cash at foreclosure auctions and then use our loans to pull the majority of their cash out to reinvest into more properties using a bridge loan or fix and flip loan.

We focus most on whether you have enough cash for the down payment and to carry the investment through completion (to make interest payments and cover operating expenses). We can underwrite a portion of your income to meet that cash requirement, but we do not have a minimum debt to income ratio.

For new customers, we require a loan application with written authorization to run a credit report and background check. There is additional documentation required upon loan approval but it is minimal compared to traditional bank loans.

We require no initial paperwork to pre-qualify you, just your number of past investments and estimated credit score. If you already own the property or have it under contract, we can issue a loan term sheet with just with a few items of additional information. With your approval, we can then begin the loan process.