Loans FAQ

Benefits

• Loans up to 100% of the LTC (Purchase Price + Rehab Estimate)

• Can close within 3 business days

• No appraisal required

• No credit check

• No charge for rehab inspections

• Rehab funds are paid by ACH

Terms

• $250 Capital Commitment Fee due at Loan Proposal Acceptance. This fee is non-refundable.

• Origination points and loan fees are due up front at initial closing

• Interest is paid by ACH payments monthly

• Borrower is responsible for all closing costs

• Rehab funds are only paid on work completed

• Borrower is responsible for hazard insurance on the property

• Property must be insured for at least the amount of the loan

• Lender will be "First Lien" only