Frequently Asked Questions
Q. Where do you lend?
A. Alabama, Alaska, Arizona(residential only), Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Q. How quickly can you close?
A. Fix & Flip Programs can close in as little as 7 days. Permanent loan programs can take as few as 15 days and up to 45 days. Call (800) 440-8359 for a realistic timeline based on your specific scenario.
Q. Do I need good credit to close a loan?
A. No, most of our loan programs are asset-based loans. However, the better your credit score the better your interest rate.
Q. How can I get the lowest interest rate?
A. The best interest rates are achieved by going full-doc(providing tax returns, financial statements, and income documentation). Once received our team will underwrite your file and determine if you qualify for these programs. If not, we still can offer great interest rates with our low-doc programs.
Are personal guarantees required?
A. It depends on the loan program. Working with 85 different lenders affords us the opportunity to provide loans with and without personal guarantees.
Q. Do you lend on owner-occupied properties?
A. Yes! In certain states.
Q. Do you offer construction financing?
A. Yes, but only to experienced developers.
Q. Are you a direct lender?
A. Most loans we broker out to provide the most competitive rates and terms for our client. In certain circumstances we will close deals with our own funds.
Q. What income requirements do you have?
A. We don’t have minimum requirements. While credit checks and bank statements are asked, these are generally asset-based loans. For rental loans, we require a certain debt service coverage on the property itself.
Q. Will you refinance a property so I can rehab it?
A. Yes, and we will generally finance up to 100% of the rehab costs as well.
Have more questions? Send us a message
Please call (800) 440-8359 for immediate assistance.