Frequently Asked Questions

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These FAQ’s are some of the questions that we frequently get asked in some (but not all) of business and loan process. The questions and answers are not intended to be exhaustive, nor do the questions and answers create any relationship or duty on our part to assist or lend to you. The information, however, is intended to be helpful and to assist you in determining if a hard money loan is a good fit for you. Moreover, we encourage you to contact us to discuss your specific question or need.

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Our Loan Process (5)

You are more than welcome to use any unused funds from your repair list for other repairs that may be over the amount you budgeted for.

Just hover over “Borrowers” in the top menu then select “Request a Draw”.

We release the remainder of the rehab funds at the time of the final draw request. Property has to be 100% completed.

As you know, the repair list submitted was given to the appraiser to determine your ARV. The only additional funds that will be available are the ones you list on your repair list under Miscellaneous/ Overage. You will be responsible for any overages unless you have unused funds from another repair on your list.

Draw Requests (5)

You are more than welcome to use any unused funds from your repair list for other repairs that may be over the amount you budgeted for.

Just hover over “Borrowers” in the top menu then select “Request a Draw”.

We release the remainder of the rehab funds at the time of the final draw request. Property has to be 100% completed.

As you know, the repair list submitted was given to the appraiser to determine your ARV. The only additional funds that will be available are the ones you list on your repair list under Miscellaneous/ Overage. You will be responsible for any overages unless you have unused funds from another repair on your list.

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