FAQs Archive - Private Lenders

Q: What paperwork do you need to start?

We encourage brokers to call us directly or submit a loan summary to get started. Typically all we need is a property address and hard money loan amount request and we can move quickly. As a direct private lender, we are able to assess a deal in a matter of hours and provide written terms to you within 24 hours.

Q: Do you deal with my client directly?

Yes, we prefer to work directly with the borrower and you as a broker at all times. We understand that you are referring to the client and if we need to contact a client for whatever reason (i.e. processing, signing loan docs), we will make certain that you are cc’d on any email correspondence with client to facilitate loan closing.

Q: How do I get paid for my services?

All of our loans are closed by third party title companies and you can be paid directly at closing. We make sure all brokers that work with us are secured and communicate with all parties to make certain your commission is paid.

Q: Can you close with your attorney or do you require we close with your attorney?

All loans will be closed with our attorney or title company. The only exception will be when the seller is a bank and the bank requires that the closing be held at their title companies office.

Q: Are there any upfront fees? Application fees? Inspection fees?

We do not require any upfront fees or application fees. Once you have approved our loan terms, we will order a property inspection and the fee for SFH, 1-4 units is $300 and is due upon inspection. After Inspection we will order a title search on the property and prepare closing documents.