The difference with us is that we only lend (issue a commitment) if funds are available to lend. This may sound obvious but it is the opposite of what usually happens in the private lending marketplace where most private lending sources that ‘approve’ you but then have to go out and find the money to lend. Instead, we have special long term relationships with wealthy investors that allows us, once vetted, to know that funds can be set aside for you – and your project.
You will be contacted with 24 hours of sending in a contact form to us. You will be contacted within 4 hours if you send us as quick overview application. Once we speak to you we can triage your request down very quickly to see if we would be a good fit for you, that we can customize a financing plan that could work for you. We can meet, inspect your property and gather the information required in order to issue a Letter of Intent to Lend or a final Commitment to fund your deal.
Our Process is to Create a Customized Financing Solution as Follows:
Obtain borrower’s goals and objectives
Gather borrower’s data, application, net worth statement, review/order appraisal and/or receive copy of an executed contract of purchase and sale.
Develop a customized financing plan (CFP) for the borrower; issue an LOI so terms are agreed to and conduct site inspection.
Implement the plan, issue a commitment to lend, instruct legal to provide funds.
Monitor the plan (terms are generally 12 months, sometimes 18 months – we always include a built in option to extend for 12 months).
We will issue a Letter of Interest to lend whenever we like your deal, you and your property. This occurs within 21 days of meeting you. We will issue a commitment after we have verified your property value. We will instruct to fund usually within 60 days from start to finish (not including lawyer scheduling and services with all parties).
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