FAQ
Are you a lender?
Yes, we are a direct lender
What is total loan cost?
Cost is around $1,900. $150 paid for credit reports when deal terms are agreed upon and term sheet is signed by borrowers; $1,750 paid at deal’s closing
Do you have any upfront fees?
No, we do not charge any fees upfront
Please specify the loan fees?
Legal and Documentation fee, Background and Criminal report, servicing setup and wire fee
Do you charge for application?
We do NOT charge application fee
Loan type?
Non-owner occupied and investment properties strictly
What type of properties do you finance?
Single Family, Multifamily, Condos, Mixed use
How fast can you fund?
As little as 2-3 days, but typically 7 days
LTV or ARV?
We lend based on cost. We DO NOT lend on ARV basis
Do you offer 100% LTV?
No, we don’t. We only finance 75-80% LTV (85% for qualified borrowers)
Do you allow 2nd liens on your loans?
We offer 2nd liens only if we are First Lien Holder
Do you cross-collaterize loans?
Yes, we can cross colaterize existing loans to get higher LTV
Minimum FICO score?
We do not have minimum FICO Score
Criminal background?
Not allowed
Citizenship?
Green Card Holder or US Citizen
Personal guarantees?
Required
Do you offer loans to LLC?
Yes, loan to LLC but with Personal Guarantees
Can you lend to individuals?
Yes, we do but prefer to lend to LLC
Personal loans?
We do NOT offer any personal loans
Information required for underwriting?
Tax returns, bank statements, real esate holdings, credit, background and criminal reports
Do you need appraisal?
Yes, we do
Commerical Real Estate?
We do NOT offer commerical real estate loans
Can a broker or another intermediary refer a client?
Yes, you can. Please give us a call to discuss how we can work together