How long does it take to close a deal?
We try to work with the borrower's needs. Every deal is different depending on if we need an appraisal or not. If we don’t, it can be 5-10 days. If we do, sometimes appraisals are running a few weeks.
How long does it take to approve a deal?
We move fast if we get what we need and a good understanding of the deal. We try to approve it and issue a term sheet within an hour or so.
What types of properties won’t you do?
We do not lend on land, construction lending, farms, rural properties or assisted living facilities.
What do I need to submit a deal?
You can call us and run the deal verbally by us or email it to us. It's best to start with a complete 1003 or Personal financial statement, credit, and summary of the loan. If it's an income-producing property, a [...]
Do you lend on discount note purchases?
Yes, we do. We are opportunity lenders and have been lending on discount note purchases for years.
Do you do foreclosure bailout loans?
Yes, we do. We understand that things happen in life and are always looking to the future.
Do you do construction lending?
Sorry, we do not.
Do you lend on land?
Sorry, we do not.
Do you have a minimum credit score?
No, we are not credit score driven. We look at the complete picture.
Do you require seasoning?
No, we do not. We look at every request on an individual basis.
