Our Process

“Lost Time Is Never Found Again” – Benjamin Franklin

In real estate, time is money. This is why we designed our process to offer maximum speed and flexibility while ensuring the overall soundness of your real estate investment project. You will work directly with the decision-maker and have the attention of one of our skilled hard money underwriters. Our understanding of the local real estate market and our experience in managing residential rehab and construction will help you make a competitive and timely offer, control your risks and optimize your returns.

Hard Money Loan Lifecycle

From initial application to loan payoff, our process is transparent and designed with your success in mind.

Hard Money Loan Pre-Approval

Fill in our online application to initiate the conversation. If you qualify, we will issue either a Proof-of-Funds Letter (for those who are just starting to look for investment opportunities) or a Letter of Intent (if you have a specific property in mind). We can move through this part of the process in as few as 24 hours.

Hard Money Loan Underwriting

During the underwriting process, we will verify the information you provided us, take a closer look at the subject property and the work required there and ensure that your and our interests are protected from unexpected liens, claims, and calamities. You are responsible for all closing and insurance costs. Under the right circumstances, we can close your loan within seven to ten business days.

Property Review Includes:

Property Appraisal or BPO
Scope of Work With Detailed Repairs, Materials and Labor Costs
Plan of Construction / Rehab Draws
Satisfactory Review of Title
Proper Insurance, Typically Builder’s Risk Policy (When Applies)

Personal Information Verification Includes:

Credit History Review
Proof of Deposit to Verify Funds Available
Proof of Reserves
Proof of Employment / Income (Applies to Buy-and-Hold’s only)

Hard Money Loan Servicing

Our loans are based on the after-repair value (ARV) of the property. Remember how we asked to provide a detailed and realistic scope of work and the rehab draws during the underwriting process? Now it’s time to honor this agreement. Once you are done with a particular construction phase, we will send an inspector to check on the progress. If our inspector is satisfied, we will release the next draw. Our typical project requires three to four construction draws. Another goal of the draw inspections is to make sure that you are making adequate progress to repay our loan within the agreed terms. The majority of our borrowers are able to do so within six to nine months.