Frequently Asked Questions

What is a private money loan?
A private money loan, or a hard money loan, is a loan made by an investor based on the underlying collateral (Real Estate). These loans are typically at a much higher interest rate than conventional loans and are for a much shorter term, typically 6 months to 2 years.

Do you lend on Residential Properties?
No. We only lend on commercial properties.

Do you finance Raw Land?
No. We only finance commercial property with income potential.

Do you finance owner occupied properties?
No. We only lend on investment properties.

What is LTV?
LTV is a term in the lending industry for Loan to Value. It is the relationship between the amount of the loan against the value of the property.

What is an LOI?
An LOI is a Letter of Intent, or a Letter of Interest. This is typically used in the industry to communicate initial terms to the borrower, and have a rough structure to the proposed transaction.

Do you offer 100% Financing?
No. Our typical LTV (Loan to Value) does not exceed 65% of the value of the property.

How long of a loan do you offer?
Our typical loan term is for 12 months.

Are your loans interest only payments?
Yes. Our loans are typically structured with interest only payments.

Can I use other property I own as additional collateral for a higher loan amount?
Yes. Additional collateral is taken into consideration when making an offer to you.

What are your interest rates?
Interest rates vary from deal to deal. Each deal is negotiated and priced by our team.

Do you finance Construction Projects?
Yes. We entertain both ground up as well as rehab construction projects.

How long does your process take?
At times, we have closed in as little as 3 business days. This is not the norm. Our process typically takes about 2 - 3 weeks from start to finish.