Process
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- Process
How Our Process Works
Step 1: Apply
Personal Financial Statement Overview
Provide a complete snapshot of your financial situation, covering assets, liabilities, income, and expenses. This information demonstrates your financial stability and capacity to support the investment.
Investment Opportunity / Subject Property Overview
Total square footage, number of units, age of the property, and current physical condition.Currently leased, vacant, or owner-occupied.
Comparable Market Analysis or Broker’s Opinion of Value
Provide distance from the subject property. Include size, age, condition, and recent improvements. Price per square foot, sale date, or current rent.
Step 2: Diligence
During the diligence phase, be prepared to provide further documentation and data that validate the investment potential and your financial standing. Typical requests may include:
- Personal Tax Returns: Past 2-3 years of tax returns to verify income history and stability.
- Business Tax Returns: If applicable, provide recent business tax returns for entities involved in the investment.
Step 3: Documentation
Promissory Note
A legal document where the borrower agrees to repay the loan under specified terms, including interest rate, payment schedule, and maturity date.
Loan Agreement
Outlines detailed terms of the loan, including covenants, representations, and warranties, as well as conditions for both parties.
Disbursement Schedule
Details any installment disbursements or draws, particularly important for construction or rehab loans.