For our fix-and-flip, New Construction, and bridge projects, our typical term is 12–18 months, depending on the project size. For our DSCR rental loans, the term is 30 years, with varying options for prepayment penalties and ARM’s with interest-only periods if they are desired.

For our fix-and-flip, New Construction, and bridge projects, we will typically close in 2-3 weeks but can close faster with appraisal, title, and other necessary documents in hand. Our Rental DSCR can close in 4-5 weeks. We can close quicker with above-average response times, great organization, and preparation.

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

We charge 2–3 points on most deals and are dependent on experience, credit, and loan type. The points are paid up front at closing along with your other associated closing costs.

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

We hire a vetted third-party AMC or appraiser for all of the properties we are lending on. If you have a requested appraiser, we can get their license and examples of appraisals and see if we can get them added to our list of approved appraisers for future appraisals.

We will work with you if you need additional time, 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-point extension fee.

For our fix-and-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 to 5 years.

We are looking at both the deal and the borrower(s). Part of the asset in the deal is the operator, and a good deal can be spoiled by a bad borrower. We want to understand if the deal makes sense and if we are comfortable that the borrower will make their payments on time, complete the project within the term period, and return the money to us.

Our loans are considered “light doc” loans where we are looking at the liquidity, creditworthiness, experience of the borrower, and deal specifics. We require proof of liquidity through bank statements and a stated income personal financial statement,loans, but we are not looking at tax returns or income verification.

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

We only perform a hard pull on live fix-and-flip, new construction, and bridge loans. That credit report can be used for subsequent deals, usually up to 3–6 months, and after that time, we may request to have an updated credit report on file for upcoming projects.

We cannot fund within 5 years of a recent bankruptcy or foreclosure.

Depending on experience, we require 10–30% of the purchase price for money invested in the deal that is not covered by the approved loan amount. In addition, we look to see if there is enough money available for closing costs, interest payments, and working capital before draws are paid.

Yes. Our leverage (LTC) and/or the percentage of the project that is needed 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

We cannot count deals that were not either fix-and-flips, new construction, or rental properties purchased. Wholesale and performing projects for other investors where you are not on the LLC or loan as a guarantor would not be counted towards experience.

Yes. Prior to closing, we will responsibly source the funds that will be needed to close on the property and also get through the project without running out of money. The funds would need to be moved into a personal or business bank account prior to closing. For our Rental DSCR, there is a 3-month seasoning period for all funds to be in your accounts.

We do not fund construction up front. Depending on your relationship with your contractors, we will reimburse completed work. As you complete work, you can request a draw reimbursement, and once we get the inspection,

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 until the inspector reaches out to schedule the inspection and coordinate payment for the report to be sent to us for final review.

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

Our minimum loan size is $100,000. We will lend sometimes below $100,000 on a case-by-case basis, from $75,000 to $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.

Depending on where the property is located, we may not be able to lend if it is designated as rural. This is usually an issue due to population density and if we are not comfortable getting comps that are within a reasonable distance of the property.

Our term and bridge loans will allow for commercial properties, but only 5+ unit multifamily and mixed-use properties where more than 50% of the property is made up of residential units and is over $250,000. We do not lend on pure commercial or special-use properties.

We do lend on fire-damaged properties, but it would heavily depend on the strength and experience of the operator with the property's condition.

We cannot lend to a personal name due to our loans being commercial loans. We can only lend to an entity, i.e. LLC, S-Corp, C-Corp, etc.

Trust can be complicated to lend on or refinance, but we can look at the trust documents on a case-by-case basis and determine what challenges they pose or if they would preclude us from lending to them. The trust would be required to be irrevocable in all cases if we were able to lend to one.

After our application has been completed and submitted an underwriter from our team will reach out to go over the deal and the information provided, including financials, experience, and next steps. After the borrower interview call, if we mutually decide to move forward, we would order the appraisal from one of our vetted sources, either an AMC (Appraisal Management Company) or an approved appraiser.

If you have a preferred relationship with a title company and insurance broker, you can order both of them yourself once we complete the borrower interview. If you would like recommendations on both, we can direct you to some of our preferred, vetted partners in each category. You would provide us with the contact information for each vendor, and our team would include them in all correspondence.

We control all of our loan decisions related to the loans we originate. We deploy our own funds on select projects as they become available and also manage multiple capital sources to provide the very best options and flexibility for our borrowers.

Unfortunately, for all of our loans, we must be in the first and only lien position. With a seller holdback, we cannot lend unless we pay off the seller holdback lien, and then we can refinance into a new loan where we are the sole and only lien holder.

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