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FAQs

 

How much can I borrow?

Funds are available for either: 100% of purchase + rehab = 75% of the After Repair Value (ARV) *OR* 90% of the purchase price + 100% of the construction funds.

Can I get a loan for my LLC to buy, rehab, and then rent a property?

Yes! We offer lending for short-term projects as well as offer buy-and-hold loans for up to 30 years. 

What kind of rates can I expect on a short term loan?

5% - 14% interest rate plus 2 - 4 points….it all depends on the property and the details unique to your project.

How long can I borrow money for my project?

Financing is available in a variety of lengths: 6 months, 12 months, 18 months, and 24 months.

I need cash for a couple of weeks between the finish of the rehab and before I can qualify for a refinance (cash-out refi). Can you lend on this?

Yes!

How fast can you close on a property purchase?

10 to 14 business days - time depends on the property itself and how quickly you fill out documents

Can my business get a non-recourse loan?

Yes, we have these loans available plus the traditional-type (recourse) loans as well.

I want to invest using IRA funds - can you help me?

Yes! We’d be happy to help you invest in real estate!