Our Services

 

 

Our process begins with a conversation. Tell us about your project, needs, and expectations. If we feel that your project falls within the scope of our lending focus we will request that you submit an executive summary of your project.

Upon review of your summary and preliminary approval we will submit an underwriting package with our required documentation list for completion. At this time will also request proof of funds of the borrower's contribution to funding the project.

When all documentation has been received we will underwrite your loan and submit it to our bonding agency. When a performance bond is issued we will prepare final documentation and set a closing date. At the closing, documents are signed and the loan is funded.

 

 

 

 

Standard Lending Schedule

Interest Rate: 12%

Performance Bond: 2% to be paid in advance

Loan Fees: 11 Points (may be paid from proceeds)

Loan To Value: Must be 80% or below of the completed project value. (must include 11 points and one year interest to cover the first year's payments)

Loan Term: 3 to 5 years

Interest Only Payments

No Prepayment Penalty

Download Underwriting Requirements

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