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You can learn from our experience and mistakes.
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Our loans to borrowers are not just transactions. With our vast experience of active investing we can consult through many situations that help the borrower become more profitable.
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We will walk alongside and educate our partners about real estate investing.
Are you interested in partnering?
Real Estate Investing
Buying Criteria: MULTIFAMILY
$1-$5 million purchase price
Value Add Properties
No more than 50% of studio / 1 bedroom units in multifamily properties
Non Rural cities in TN, AL, SC, NC, GA, KY
Other assets we invest in: Mobile Home Parks, Self-Storage, Package of Residential Properties
Private Lending
Rehab/construction loans
A construction loan is a short-term loan used to finance the building of a home or another real estate project. The builder or home-buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding or selling the property. Because they are considered fairly risky, construction loans usually have higher interest rates than traditional mortgage loans.
Construction loans are used for rehabbing a home or new construction for up to a period of one year.
A budget is completed by the investor or builder prior to purchase.
Funds are distributed for the purchase of the property at closing and then in construction draws based on the percentage complete.
The borrower is only required to make interest payments on a construction loan based on the current balance while the project is still underway.
After construction on the house or building is complete, the borrower can refinance the construction loan into a permanent mortgage or sell the property to pay off the construction loan.
bridge loans
Also known as interim financing or gap financing, bridge loans bridge the gap during times when financing is needed but not yet available. Both corporations and individuals use bridge loans and lenders can customize these loans for many different situations.
A bridge loan is short-term financing used until an investor or developer secures permanent financing or removes an existing obligation.
Bridge loans are short term, typically 6 months to 1 year. Interest is paid monthly or accrued until the loan is paid.
Bridge loans have relatively high interest rates and are backed by collateral, such as real estate.
purchasing notes
A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date. A promissory note contains the terms, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature.
Promissory notes are debt instruments that allow companies and individuals to get financing from a source other than a bank. Some people sell their property and carry the note (provide financing) for the buyer. In effect, they become the lender for the buyer.
Investing in promissory notes involves risk. After some seasoning, notes can be sold to other investors for cash much like a security.
Notes sell for a discount from their face value because of the effects of inflation eating into the value of future payments. This allows the note holder to raise a lump sum of money quickly, rather than waiting for payments to accumulate.
Advantages of Selling a Note Asset:
Cash now instead of long-term payments
Less risk- No worry of borrower getting behind
No foreclosure proceedings
No record keeping and collecting payments
RENTAL/DSCR LOANS
WHAT IS A DSCR LOAN? A Debt-Service Coverage Ratio (DSCR) loan is based upon cash flow from rental income. Approval for the 30-Year Rental Loan will occur if there is enough cash flow from the rental income received on a particular property to cover the outstanding monthly debt on the property.
The primary qualification for a DSCR loan is the cash flow of the subject property (income divided by expenses) and the borrower’s credit score. Loan qualification is NOT based on pay stubs, tax returns, or personal income.
Fast Closings
30-Year Fixed Rate Amortization Loans
For Cash-Out Refis, Rate-And-Term Refis, and New Purchases
70 - 80% LTV
No Tax Returns Required
660+ FICO Score
$100,000 Minimum Property Value
Single-Family and 2-10 Unit Residential
Eligible Entities: LLCs and Individuals