Frequently Asked Questions...
In what states do you finance properties?
We successfully can achieve financing both nationally and internationally. Some areas may be more difficult to achieve standard pricing as the risk factor of an area is always evaluated.
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Do you charge any upfront fees?
Each Transaction may have certain costs including the appraisal and 3rd party fees.
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Who orders the appraisal?
Each transaction based on regulatory factoring can determine the requirement for using only appraisers that are approved by us. Certain transactions in the private money arena allow for an appriasal to be ordered by the submitting party. In cases where this may exist a desk review or 3rd party evaluation is necessarry depending on the loan parameters and subject property strengths and weaknesses.
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What if I have an appraisal done already?
We will always take a look at an existing appraisal but all appraisals are subject to review. The best and usually the cheapest strategy is to let us order all appraisals. Each transaction requires a different kind of attention. We do our best to provide as much flexibilty as possibly to futher benefit the borrower and submitting party.
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What Loan to Values do you offer?
LTV's vary by property type and credit score. Please contact us for specific information. Cross colateralization is an option that many borrowers can use to achieve higher loan to values reflecting larger loan amounts. Certain transactions can achieve 100% financing for projects. These programs ususally require an equity or Joint Venture component. Please call us to inquire how this can be achieved and what the potential factors are that may assist you in succesfully using such capital.
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How long do you take to close loans?
We can close certain transactions in a little as one week. Other transactions may require extensive verification and structuring in which closings can take as long as 30-90 days.Please undertsand that we like to under promise and over deliver. We will always do our best to get thinsg done in a timely manner. If there is a time contingency or deadline that is needed please disclose this at the initial stage of pricing so we can detremine if we feel comfortable fulfilling your requirement.
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