STEP ONE: Request

Click on the Apply Now button to start your loan request. We will quickly reply to let you know what additional information is needed.

STEP TWO: Review

Once we receive the requested information, including the borrowing entity documents (ex: operating agreement, certificate of organization), our underwriting team will take a high level look at the loan request to determine if we can be of service. If we are able to proceed, a term sheet will be issued for your review. (Click here to see a sample term sheet.)

Step two typical timeline: 1 business day

STEP THREE: Evaluate

After the term sheet has been signed and a *committment fee paid, we order a 3rd-party Broker's Price Opinion (BPO). The underwriting team will confirm the final amount we can lend, based off the BPO valuation. We will also schedule a visit to the collateral property.
* The committment fee (typically $1,500 - $3,000) is used to defray initial hard costs, such as the BPO, travel, and other expenses.

Step three typical timeline: 7-10 business days

STEP FOUR: Approve

After we receive the BPO and complete our site visit, our loan committee meets to approve moving to the next step. We may request additional items, such as property acquisition details, evidence of municipal approvals, an updated title report, etc.

Step four typical timeline: 1 business day

STEP FIVE: Underwriting

We work with a title company and our attorney to create the documents necessary for closing. These vary with each transaction, but typically include a Secured Promissory Note, Trust Deed, Personal Guaranty, Certificate of Authority, Unanimous Consent, and Settlement Statement. Simultaneously, we present the loan to our investors for their participation.

Step five typical timeline: 4 - 5 business days

STEP SIX: Closing / Service

At closing, funds are disbursed through the title company to you and the broker (if there is one). You will then work with our in-house loan administrators for the duration of the loan to ensure a smooth and efficient borrowing experience.