Frequently Asked Questions

What type of investment properties do you loan on?
We provide funding for residential, non-owner occupied properties. We do not currently loan on mobile or manufactured homes, gas stations, strip malls or new construction projects.
Where do you lend?
We make loans throughout the state of Florida, Georgia, South Carolina, North Carolina, Virginia, West Virginia, Maryland, Connecticut, Massachusetts, Maine, New York, Ohio, Kentucky, Tennessee, Arkansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Iowa, Nebraska, Kansas, Oklahoma, Texas, New Mexico, Colorado, Wyoming, Idaho and Washington, although we may also lend in other states.
How fast can you close a loan?
We routinely fund investors in as little as 10 days from start to finish. This can vary depending on the size and type of the investment project.
How do you approve funding requests?
Our approvals are primarily based on an investor’s ability to succeed. Damaged credit or self-employed is ok.
Do you charge pre-payment penalties?
There are no pre-payment penalties for our Investor Rehab loans, and our Cash-out Refinances. Rental Property loans do have a pre-payment penalty for the first two years.
What is the minimum I can borrow?
What is the maximum I can borrow?
Can I borrow rehab money?
Yes. Most of our loan programs include the option of funding for property rehab.
How much do you charge?
Our pricing is fair and straightforward with no junk fees or hidden charges at closing. A good faith estimate of all loan costs will be provided free-of-charge after loan request.
What is the minimum down payment required for your loans?
Minimum down payments are 10% of Purchase Price and Rehab Cost not including closing costs.
Do you provide Proof-of-Funds Letters?
Yes, we provide Proof-of-Funds Letters to approved Investors with a (1) business day turn around.
What is your maximum loan-to-value (“LTV”)?
The maximum (combined) loan-to-value can range from 60% to 80% of the After Repaired Value (“ARV”) of the investment property, depending on the loan program. The ARV is estimated by averaging recent comparable sales of arms-length transactions in the neighborhood. We typically do not use foreclosures or short sales for comparison, only conventional sales.