Get Access To Quick And Easy Funding For Your Deals!!
We Help Local Investors Close More Deals With Our Short Term Bridge Lending Program That Helps Cover What You Don't Have!!
Just Put Your Name And Email In Below!
FUNDING MADE EASY
We Are The Solution For Investors Looking To Get More Deals Closed!! We Offer Short Term Lending, Bridge Lending, Gap Funding And 2nd Lien Position For Investors In The Northern Alabama Market!
How Does Our Funding Work?
We are primarily a Bridge Lender that helps investors in our local market when they need to close on a deal and are short on capital!!
So, what that means is, when you have a deal and you already have the primary lender in place to fund the purchase, but you are going to be short on the down payment or the construction cost then we can help you.
We fund into the escrow account and have a mortgage drawn up to protect our second position on the deal. You will have to sign and pay for the mortgage to be filled. Once this has been sign and filed then the funds will be release to you for the purpose of helping you with your down payment to close the deal or in the construction cost to get the job completed.
We do have limits on our funding and we stay below 80% (All Expenses) of the After Repaired Value. Now with that said in some cases we have been known to go up to 90% of the After Repaired Value. These types of loans are very Risky for us as the Lender and we take them all Case by Case!!
We can also move quickly on funding these loans. In most cases we can fund within 1-2 weeks, but have funded many deals in less then 3 days.
Because we are asset based you don't need to worry about if you have good credit, work history, tax filling to show us, or any of the other stuff most banks will ask you for.. We Look At The Deal And Base Our Funding On IT!!!
What We Charge For Our Funding?
As we are mostly a Bridge Lender and because of this HIGH Risk position we do charge more then normal Asset Based or Hardmoney Lenders. As a Bridge lender we fall into 2nd Lien position on a property and that is very risky if you as the borrower was to default! This means we could completely get wiped out at auction! Not saying you would default, but lending is a Risk Management Business!
Most of our short term loans are going to be between 2-3% per month based on the loan amount. You as the borrower will have to pay for all the closing fees, mortgage document fees, filling fees and any escrow servicing fees.
We normally only offer our funding for 3-6 months and all borrower's can request for a extension on the loan. All extensions, if granted, will cost the borrower a 5% fee paid at time of extension of the total loan amount!
What Type Of Funding Do We Offer?
We offer our local investors a few different types of funding for there business..
1- Sort Term Bridge Loans
- For Down Payments
- For Construction Cost
2- Short Term Gap Funding
- 1 Day Loans For Back To Back Transactions
- 3 Day Loans For Back To Back Transactions
3- Short Term Asset Based Loans
- These loans are case by case and have Max Loan Limits
4- Short Term Business Loans
- If you are running a business and need capital for inventory, growth, marketing, etc. and can show a consistent history of Accounts Receivables then we can help.
How Do You Apply For A Loan?
You will follow the link below and fill out an application that will give us some information about you the borrower and the deal you are looking to get funding for.
Remember this is a funding application for a deal, so if you do not have a deal under contract or close to getting the contract then it doesn't make since to fill out the form just yet. It takes us about 48 - 72 Hours to review all applications and send them through the underwriting process.
From Some Of Our Clients We Have Served: