How does the loan work?
We loan money to people who buy houses, rehab them and sell or refinance them. We fund quickly so you can take advantage of the more profitable deals that get bought quickly. The process is simple: Get approved by filling out the credit application, get a contract on a property, get the property appraised and close the loan.

How much will you loan?
We will loan 70% loan to value (LTV) of the after-repaired-value (ARV).

What is the term of the loan?
The loan is for 12 months.

What are the loan costs?
See the sample loan cost document for details.

What is the interest rate?
15-18% annual interest rate payable monthly.

How long does it take to close the loan?
Once you have been approved and we have the appraisal, title policy and insurance proof, we can fund within 72 hours.

How much cash do I need to have to close?
Ideally you won’t need to put cash in to close, but you need to have at least three months of payments in reserve to cover monthly interest payments.

Do I have to have good credit?
We run credit on everyone applying for a loan, but most of all we take into account the numbers on the specific deal you are working on.

How do you figure out how much I can borrow?
The goal is to fund the entire purchase and renovation requirements just as long as they do not exceed 70% ARV.

Is an appraisal necessary?
Yes. We order an appraisal of your property which includes an “as is” and an “after repaired value” based on your projected repairs.

Can I borrow money to repair?
Yes. The funds to repair will be loaned to you and escrowed until the actual repairs are made. The goal is to fund the entire purchase and renovation requirements just as long as they do not exceed 70% ARV.

Can I have more than one loan at a time?
Yes. There are no limits on loans for good deals.