We recognize your need for capital to support your real estate investment project. Our main goal is to furnish you with optimal financing options sourced from our network of lenders. Upon finding an offer that aligns with your requirements, we’ll aid you in evaluating your project, assist you in compiling all necessary documentation for the loan application, and guide you through the lending journey.
Looking for funding can be time-consuming, diverting your attention from crucial activities vital for maintaining your business’s momentum and profitability, like finding deals, talking to sellers, and managing projects. Building good relationships and having productive talks with lenders is challenging if you don’t understand their expectations. The key is delegating these tasks to those with established relationships with lenders. In this way, you can leverage their expertise to refine your presentation strategies, amplifying the impact of your funding request.
Yes, we do. We have specialized knowledge and expertise in non-conventional financing. Our ability to structure and negotiate complex deals adds value, reflected in our fees. These fees compensate for our role in sourcing deals, evaluating potential investments, and managing the transaction process.
Private money lending typically offers expedited approval, funding, and flexible lending criteria, prioritizing the Asset’s value over the borrower’s credit history. This form of financing primarily targets real estate investment ventures that might fall short of conventional lending requirements.
Asset-based lending in real estate refers to a type of financing where a loan is secured by the property or other real estate assets owned by the borrower.
Lenders typically adopt their own criteria to evaluate whether you’re a suitable candidate. Beyond providing optimal financing options from our network of lenders, we offer preliminary consultations to help you align with their parameters. This includes reviewing the project together, analyzing the financials, assessing your profile as an investor, and ensuring that your proposal meets their standards as much as possible.
Upfront fees are commonly charged by lenders when you apply for a loan. They might also be called ‘application’ or ‘establishment’ fees. These fees cover the costs of processing your application, including administrative expenses, credit assessment, loan setup, and document preparation. Depending on the lender’s policy, these fees may not be charged at all or upfront, wrapped up, or refunded at closing.
There are no one-size-fits-all rates. Advertised rates typically reflect the best terms available to the most qualified borrowers. While these loans are asset-based, factors such as your financial profile, credit history, the specifics of your deal, and the lender’s perceived risk can all influence the rates you are offered. Consequently, there may be a significant difference between the advertised rates and those in your quote. Presenting yourself effectively as an investor and showcasing the strengths of your deal can help narrow this gap
At closing, lenders usually require a downpayment to mitigate the risk of borrowers failing to repay the loan, including interest, within the agreed timeframe. Additionally, borrowers must cover various out-of-pocket closing costs, such as origination fees, underwriting fees, processing fees, appraisal fees, title and escrow fees, property insurance, legal fees, and other charges. Even after our extensive discussions with lenders regarding these expenses, they consistently replied, “This is the expense associated with partnering with us.” Nonetheless, there remains room for negotiation to some extent.
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