水肿脸

Very fast. Typically in under 2 weeks if necessary. Our current and returning clients close even faster than first time borrowers. In order to settle, we must, at a minimum, inspect the property, meet the borrower and get title insurance. Our office typically requires a minimum of two full business days from receipt of marked up (clear) title to schedule your appointment for closing.


水肿脸

No, but we have a minimum origination fee of $3,000. We typically advise not borrowing less than $25,000.


水肿脸

We lend on property in Philadelphia and the surrounding areas. Generally, we want the property to be within a one hour drive of Center City Philadelphia.


水肿脸

We charge a mortgage placement fee which is tiered depending on the amount of the loan. Normal title and closing fees are required. There are no hidden costs. We prepare a loan proposal outlining all loan related details so that you have all of the information in advance. Contact us for our current rates and fees.


水肿脸

We don’t have a minimum credit score, but good credit is required. We analyze credit on a case-by-case basis.


水肿脸

Typically, a maximum of $1,000,000 per investor, but once we build a relationship, we are open to lending more.


水肿脸

We offer interest-only and amortizing loans. All loans are short term (usually between 9-15 months) and all fixed-rate.


水肿脸

First position is required on all acquired real estate. Secondary positions, depending on first mortgage balance, are possible when property is serving as additional collateral or being refinanced.


水肿脸

We offer various ratios from 50%-100+%. It depends on the borrower and the scenario.


水肿脸

We disburse the draw money based on a pre-closing agreement between lender and borrower. We will release the money in stages based upon the completion of the work. We pay out in arrears upon completion of the various stages and base your monthly payments only on the funds disbursed. There is a $225 inspection fee for each draw.


水肿脸

Depending on the complexity and size of the loan, we may request a percentage holdback on draws. Holdback will be released upon 100% completion.


水肿脸

水肿脸There are NO hidden charges and no prepayment penalties.水肿脸


水肿脸

Yes, we lend to corporations, LLC’s, partnerships, and individuals. That said, personal guarantees are required on all loans.


水肿脸

Communication is key! Call us and we will try to work with you.