FAQ – Frequently Asked Questions…

 

Are upfront fees, tax returns or income verification required?

ANSWER: No

 

Are appraisals required?

ANSWER: Yes

 

What property types do you finance?

ANSWER: Business purpose: residential, multifamily, mixed-use, self-storage, medical office, quick serve restaurant/coffee, industrial warehouse, convenience store, NNN Net Lease, and retail strip center 

 

What loans do you offer?

ANSWER: Cash out, refinance, purchase, rehab, and ground up construction.

 

Where do you lend?

ANSWER: Nationwide except AK, AZ, HI, ND, SD, VT 

 

What is a DSCR rental loan?

ANSWER: approved on property net rental income, not borrower’s personal income and tax return making it easier for investors to qualify and grow their portfolios.

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Are your interest rates competitive?

ANSWER: Maximize cash flow with our competitive interest rates! Secure more properties and grow your portfolio faster with rates designed to maximize your ROI.

Are rehab and construction loans interest only and paid on drawn balance?

ANSWER: Yes

Do you have rate locks?

ANSWER: Yes!

Are there prepayment penalties?

ANSWER: No prepayment for bridge, rehab and ground up construction loans.

 

How much money can I borrow?

ANSWER: $250,000 to $12.5 million depending on loan program you choose

 

What are your loan terms?

ANSWER:

• 6-to=24 months for bridge, rehab, and construction loans;
• 30-year=fixed, IO (interest only), or 5/7/10 Year ARMS for rental loans

 

Do you finance home mortgages?

Answer: we do not finance owner occupied residential properties.

 

How long does it take to close my loan?

ANSWER: 2 to 5 weeks

 

How much experience do I need to qualify?

ANSWER: See like terms for each loan program on website

 

What credit score is required for approval?

ANSWER: 660+Middle FICO Score

Do you report to credit bureaus?

ANSWER: No