
FREQUENTLY ASKED QUESTIONS FAQ


DO YOU HAVE PROGRAMS FOR PRIMARY RESIDENCE PURCHASES?
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No, we only service investment and commercial loans
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WHAT IS THE MINIMUM AND MAXIMUM LOAN AMOUNT?
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Minimum loan amount is $40,000 Maximum loan amount is $1,000,000
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WHAT IS THE MAXIMUM LTV (LOAN TO VALUE) ALLOWED?
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It depends on the file, residential or commercial, but it’s usually between 50-65% of current appraised value or sales price (whichever one is lower)
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DO YOU HAVE PROGRAMS FOR REHABILITATIONS?
Yes, our max LTV (Loan to Value) is 65% of future appraised value.
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DO YOU HAVE PROGRAMS FOR UNIMPROVED LAND?
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Yes, our Loan to Value is 50% of current appraised value.
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WHAT ARE YOUR INTEREST RATES?
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Our interest rates are gradually based on risk layer, starting at 12.5% APR
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ARE YOUR APPROVALS BASED ON CREDIT SCORES?
No, we do not consider credit scores when evaluating loans. However, we do require a recent credit report. We lend based on the value of the Real Estate collateral.
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WHAT ARE YOUR TERMS?
We amortized all our loans on a standard 20 year with a 3-5 year balloon payment.
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DO YOU TAKE SECOND LIENS?
No, we always require to be in First lien position.
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DO YOU OFFER WORKING CAPITAL LOANS?
No, we only offer loans on Real Estate collateral