Got Questions? 

-Extensions Available

-Loan Package: $550

-Underwriting $750

-Appraisal: $450-$550

-Draw Inspection: $300-$350

-Title Policy Required

-Insurance Policy Required

A hard money loan, obtained from a private lender rather than a traditional bank, is typically asset-based. This means that the loan amount is primarily determined based on the value of the collateral, rather than traditional creditworthiness factors.

No, we only lend in 1st lien position.

Our approval process is centered on evaluating the property's quality, borrower's experience, and the potential success of the project. While we do assess credit history, it is not the sole determining factor in our decisions. We often approve borrowers with less-than-perfect credit, as our focus is on the overall feasibility of the project rather than solely credit scores.

At the beginning of the loan process, we will typically ask for much of the same documentation that a bank would require; however, unlike a bank, we don’t ask for this documentation to look for reasons to say “no”. We use common-sense underwriting principles to examine the character, experience, and capacity of each borrower, and have flexibility in our documentation requirements. Your online pre-approval letter will contain the list of documentation requirements applicable to your loan request.

A typical loan can be funded in 5-7 days.

The subject property you are requesting a loan for will be used as the collateral and personal guarantee.