We do not lend on mobile homes or primary residences.
Will you refinance a property so I can rehab it?
Yes, and we will generally finance up to 100% of the rehab costs.
What income requirements do you have?
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.
Will you finance closing costs?
Yes, we generally finance all closing costs.
When can I expect a preliminary approval?
Within 24 hours after the online application has been submitted.
Are you a direct lender?
Yes we are and loans fund in our name.
Do you offer construction financing?
Yes we do.
Will you finance a 2nd lien position on a property?
No, we only specialize on 1st lien mortgages.
Do you lend on owner-occupied properties?
No, we do not.
Are personal guarantees required?
Usually, yes. Some exceptions have often been made.
Will you lend to an individual?
These are all business-purpose loans and non-owner occupied.
What sort of terms do you offer?
Check out our Programs page for terms.
How do I start?
Submit the preliminary application online. Approval time can be as quick as 24 hours. It’s that easy.
Are origination points financed?
Yes. In fact, the only upfront fee is generally the valuation report (whether a BPO or appraisal).
How much experience do I need?
Experience will result in better pricing and rate. However, we will finance a loan with a borrower that has no experience.
Do I need cash to close a purchase?
Most lenders, including us, usually require cash. Evidently, we make exceptions to this frequently.
Do I need good credit to close a loan?
Although our usual minimum is 620 we can make exceptions.
How quickly can you close?
Most bridge loans close within 2 weeks. Our rental loans generally close within 4 weeks. That said, the second loan a borrower or broker submits will tend to close more quickly, since documents have already been received.
Where do you lend?
All 50 States
Call us today at 212.653.8757 or Email us at firstname.lastname@example.org
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