For speed and deliverability, banks can’t touch private money, which is not being bogged down by bean counters and over-burdensome lending policies and procedures. In many cases, a private money loan commitment is as good as an all-cash offer. Reputable private lenders regularly close in less than 10 business days, and sometimes as fast as 72 hours. When it comes to a residential private money loan, with your cooperation, we can close most transactions in 7-14 business days.

When looking to get a loan, you can be expected to fill out a Uniform Residential Loan Application (form 1003). This is typically followed by a written loan scenario or “executive summary” detailing the borrower, collateral & exit strategy. Also, the length of time or the term period for the loan should be identified. Most important is the Exit Strategy. This is a detailed plan on how the lender will be repaid.

We do not base our lending decisions on credit scores. We still pull your credit, but that is usually to confirm the nature of your credit profile, not your score.

With private money you can make aggressive offers on the investment properties you want to close. You will be able to make offers with no or low contingencies, and to structure the acquisition in any number of ways when you use private money. This gives you more control than typical investment property loans. In a competitive market, a private bridge loan will give you cash-like offer making abilities that allow your offer to stand out to the seller.