Funding Conditions

Time Frame

The key to a fast closing is being approved in advance for funding. The typical time required for closing is 14-21 days once you are an approved investor. Sometimes there is a deal that just can't be passed up and a quick closing is needed. Let us know if you have an "I can't pass up this deal" and we will do our part to make it happen.

Construction Estimate

All projects considered for funding require a scope of work with construction estimates. Depending on the extent of the project, bids from the proposed contractors outlining the work to be completed may be required.

Appraisal/Inspection

All properties require an inspection by us or our representative. Depending on the project and the funding required, an "after repaired value" with "cost to cure" appraisal maybe be required.

Insurance

Properties are required to have Builders Risk insurance with liability coverage valid for a minimum of 6 months from an approved carrier.

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