Frequently Asked Questions

California and Nevada

No. We never have pre-payment penalties.

We are not conventional long term lenders. We specialize in short term real estate and commercial mortgage lending; 11 months to 3 years. We like to lend on new construction, rehab properties, single family residential non-owner occupied, commercial, land and improved lots.

No. We just provide the money to build the house and the builder either refinances or sells the property.

Sure, but you are still going to have to sign personally for the loan.

Minimum is $50,000 and maximum is $1,500,000… If your deal is great, outstanding, we might negotiate. Please call with your deal.

Good question… we are a direct lender. You are talking to the loan committee when you make your first call.

Never… you must have cash or equity in the deal.

We typically loan 50% on land, 60% on commercial, 65% of cost on construction and 65% on SFR.

No. We will often do our own appraisals or have a BPO done on the property.

We like to broker to charge what we charge and no additional junk fees. So if we charge 3% points the broker can charge 3% points.

Why do you have poor credit; foreclosure or short sale? If this is the reason, still call. We typically don’t like poor credit due to judgments, missed payments on other credit items, unpaid child support, unpaid taxes, etc.

It depends on the title company - land, commercial, construction - but usually 7 to 10 days (sometimes quicker). Single Family residents non-occupied take a little longer because of disclosure; typically 14 days.

Yes.

You must have the ability to pay the monthly payments on the loan regardless of your exit strategy.