FREQUENTLY ASKED QUESTIONS
Do you offer commercial loans in my state?
Yes, we lend nationwide.
Can I qualify
for a loan even if I don't live in the state where the subject
property is located?
Yes. Unlike most lenders, we will provide funding for a property
that is located in a state other than where the borrower resides.
Do you lend
to self-employed borrowers?
Yes, we do offer loans to self-employed individuals. We have a full
documentation program for borrowers who are willing and able to
How long must
I own a property before I can apply for a refinance with cash-out?
We do not have a strict seasoning requirement and are willing to
work with you to find a solution that suits your needs.
How long will
it take to close my loan?
Loans usually close within 35 - 45 days; however, we will do
everything possible to ensure your loan closes within your time
Why is it
valuable to apply for a higher loan-to-value (LTV) amount?
Applying for a loan with a higher LTV amount allows you to better
leverage your money. The return on equity you receive from your
investment will be higher when you put less money down. Less money
out-of-pocket means more cash on hand to invest in your business.
accept an existing appraisal?
Possibly. If the appraisal was completed within the last six months,
we encourage you to send it in for review. We try to keep borrower
costs to a minimum and will typically accept a current appraisal of
responsible for organizing the closing?
We handle all the details for your closing. If there is a title
company you prefer to work with, we can schedule your closing with
them; however, we do prefer to use title companies with which we
currently have working relationships.
the title policy?
We order the title because it enables us to manage the deal and keep
the process moving. We have relationships with title companies who
understand the endorsements we require and are responsive to our
What if the
title is already in process?
We will work with you to help ensure there are no problems.
How does the
appraisal process work?
After we receive a signed conditional pre-approval letter from the
borrower and the estimated appraisal fee, we shop the appraisal with
our network of appraisers throughout the country. Because of the
volume of appraisal assignments ordered by us and our affiliates, we
are able to command favorable pricing and turnaround times. Once we
receive the estimated appraisal and processing fees, we will engage
the appraiser. The appraisal generally takes 2 to 4 weeks to
complete. The loan should close within a week thereafter.