Your Loan Journey

Once you’ve found your investment opportunity, it’s time to submit your Loan Application! We require Borrowers to put a down payment on the purchase price (minimum 10% down). Down payment varies based on experience and LTV. The loan amount can include 100% of the rehab request. Loan amount not to exceed 65% of the After Repair Value (ARV). Loan approval within 1-3 business days. Business entity required. No credit check.

You can request a Pre-Approval Letter to submit with your offer. You can make acompetitive offer with a quick closing date (14 days or less) and without an appraisal contingency. Once your loan requestis approved, we can upgrade your Pre-Approval Letter to a Loan Commitment or Proof of Funds Letter. If you receive loanapproval before offer submission, you can make your offer without a finance contingency (terms as good as cash)!

Congrats, your offer was accepted! You will now begin to submit documents to us, such as acopy of your executed offer, the Scope of Work, company information, and insurance.

We require a 1-year premium to be paid at the time of closing. Provide the insurance binder under your company name

We will schedule your closing date, time, and location,

and provide you with a closing confirmation email that includes the exact amount due at closing. Cash to close includes down payment on the purchase, 7% origination fee, closing costs, title charges and insurance premium

We advance $3,000 out of your repair escrow upon closing to start repairs. Once repairs havebeen completed, you will submit a Repair Draw request online for the completed work based on your scope of work. Once your request has been received, we will provide you with an inspection link to take photos. We will review and approvefunding within 1-2 business days. There is a $200 fee per draw request

Each month you’ll be responsible to make monthly payments. We will email you a monthly invoice which is interest-only  on the loan amount plus property tax escrow. We will process an ACH payment from your bank account on your selected day between the 1st - 10th of each month

Either you have a buyer under contract to purchase the property or are working towardsrefinancing the property. Once you have a closing date, please contact us to request a payoff.  Please note there is no prepayment penalty and we will credit back any tax or repair escrow balance held on the payoff. If your loan is not paid offby the end of the 6-month term, we offer an option to extend the loan.

We will provide you and/or the title company with the payoff request and wire instructions. Once we receive the payoff, we will record a Satisfaction of Mortgage and the mortgage lien will be removed.

We’re excited for the opportunity to share our knowledge and expertise with you, as you look to capitalize on some realestate investment opportunities. We are always here to help and you can contact us anytime