Step One – Loan Application:

To get started, complete the Initial Loan Application. We will quickly review and reach out to you with your loan terms. In the event that a hard money loan is not a suitable option for you, or if we are unable to assist, we will let you know immediately.

Step Two – Documents:

Once you receive preliminary approval, we’ll collect some basic details and documents. These may include:

• Copy of the sales contract
• Copy of your Driver’s License (or another form of identification)
• Copies of all corporate documentation
• Addresses of any cross-collateral properties (if applicable)
• Scope of Work (if applicable)

Step Three – Property Evaluation:

Once we have received all the necessary documents, an evaluation is started. We determine value one of several ways:

• Internal evaluation by our team
• Appraisal from a licensed appraiser
• BPO from real estate broker (Broker Price Opinion)

The option that applies to your loan will be dependent on factors such as asset class, LTV (Loan to Value) required, speed to close, property location, etc.

Step Four – Title Work and Insurance

We work directly with your title company to ensure a smooth and swift closing. Additionally, we will communicate our lender requirements directly with your insurance broker. We require a policy that aligns with the specific condition of the property whether it be vacant, under construction, occupied, etc, and meets the terms of the loan.

Step Five – Closing

Once we receive the evaluation report and clear title we can close within 1 business day.