Loan Process and Criteria
Loan Process and Criteria
The Process
- Review of All Required Documents and Deal Assessment – 3 Days
- Credit Report – 1 Day
- Conditional Approval – 3 days
- Property Appraisal – 3 Days
- Processing – 7 Days
- Closing and Funding – 3 Days
- Total time to fund 14-21 days
- Information that we will need to collect:
- Property Address
- Property Estimate
- Corporate Details
- Articles of Incorporation
- Owner Details
- All Credit Scores Are Welcome
- Business Tax Returns – 2 Years
- Personal Tax Return – 2 Years
- Business Bank Statements – 6 months
- Personal Bank Statements – 6 months
- Credit Report – 1 Day
Residential – Non Owner Occupied Only
– Condos
– Single Family
– Town homes
– Manufactured Homes
– Vacation Homes
– Airbnb
Land
– Vacant\Raw land
– Land development
Special Purpose
– Gas Stations
– Oil Fields
– Mines
Commercial – Owner Occupied and Non Owner Occupied
– Agricultural (Ranches And Farms)
– Automotive (Mechanic Shops, Car washes, Etc.)
– Churches
– Assisted Living Facilities
– Hospitality (Motels And Hotels)
– Industrial
– Leisure (Golf Courses, Marinas, RV Parks, Etc.)
– Medical (Hospitals, Clinics, Etc.)
– Mixed-Use Properties
– Mobile/Manufactured Home Parks
– Multifamily (More than 4 Units)
– Office Buildings/Complexes
– Office Condos
– Parking Lot Sites
– Rehabilitation Facilities
– Retail (Shopping Centers/Strip Malls)
– Self-Storage
– Single-tenant buildings
Criteria
– All credit scores are welcome
– First time investors and experienced investors programs
– Nationwide lending
– We specialize in the hard to close deals
– Special program for Bankruptcies and Foreclosures
– No doc and full doc programs
– 100% financing programs to qualified clients
– Programs for Non Profit
– Residential Minimum loan amount: $150,000
– Commercial Minimum loan amount: $250,000