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How does it work?

We can help evaluate your options before you buy. A typical loan covers a percent of the total purchase cost plus the construction needed to complete the project.

The construction money is funded at closing and we pay draws to you as you complete construction phases. How many draws? As many or as few as you need.

Just Four Easy Steps to Demo Day

Step 1: Apply.

Complete our application. In this step you’ll answer questions about yourself, your assets and your income. You will also describe your deal for which you seek financing. Tell us about the property and what your plan is.

Step 2: Underwriting

Based on evaluation of your application and the deal to be funded, we will promptly produce and send to you, in writing, a “good faith” estimate of what loan we can provide along with the costs.

Step 3: Processing

If your property is under contract, and you have agreed to our GFE, we send the file to the closing attorney to begin title work. At this time, we typically order an appraisal of the property. As a lender, we require the attorney to provide lenders title insurance. It’s common for borrowers to also want owners title insurance and it costs less if purchased at this time. You will also need appropriate insurance coverage identifying us as the mortgagee.

Step 4: Closing

Either a purchase or a refinance takes place with the closing attorney. We wire the funds we are providing to the attorney prior to closing. If there is a construction escrow, it will also be set up at this time.

What happens next?
Get to work!
Begin the rehab on your project.

We itemize all the tasks needed to complete your project into individual jobs. As you complete each phase, you request a construction draw for reimbursement. On your draw request, we inspect the property and allocate a percentage of each line item job. We then wire the draw amount into your specified bank account.

Ready to start the process?

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