Faq

  • What is “Private Money” and how is it different from Hard Money?

    Private Money rates and fees are typically higher than conventional lenders, so it is important to use Private Money correctly. Private Money is meant to be used for short term financing. The typical Private Money loan term is just 6 to 9 months.

  • Private money vs. Conventional financing

    Private Money rates and fees are typically higher than conventional lenders, so it is important to use Private Money correctly. Private Money is meant to be used for short term financing. The typical Private Money loan term is just 6 to 9 months.

  • What are the advantages of using Private money?

    Private Money rates and fees are typically higher than conventional lenders, so it is important to use Private Money correctly. Private Money is meant to be used for short term financing. The typical Private Money loan term is just 6 to 9 months.

  • What are your Interest rates?

    Private Money rates and fees are typically higher than conventional lenders, so it is important to use Private Money correctly. Private Money is meant to be used for short term financing. The typical Private Money loan term is just 6 to 9 months.

  • What is your minimum loan amount?

    Private Money rates and fees are typically higher than conventional lenders, so it is important to use Private Money correctly. Private Money is meant to be used for short term financing. The typical Private Money loan term is just 6 to 9 months.

  • How fast can you close?
  • What is the minimum credit score you will accept?
  • What types of properties will you lend on?
  • Do you offer loans for clients looking to buy, fix and flip?
  • How many points/interest you charge for your Purchase and Rehab loan ?
  • Is there any Prepayment Penalty with the Loan program?
  • Is an appraisal required?
  • What if I have already had an appraisal done?
  • Do I need to have a property under contract before applying for a loan?
  • What if I have bad credit or no credit?
  • What is your maximum loan to value (LTV)?
  • Will you ever go higher on LTV than70%?
  • Why do you give a range on your interest and loan origination fees?
  • What is “Shared Appreciation?
  • How do you underwrite deals?