Frequently Asked Questions

Yes — our loans are business-purpose loans made to LLC borrowers only, not to individuals purchasing personal residences.

Yes, but it is one piece of the picture, not a pass/fail cutoff. We use a TransUnion SmartMove report to review credit and background alongside your track record, cash reserves, and the deal itself.

That is the cost of the TransUnion SmartMove credit and background check, paid directly by you through their platform. It is not a fee we collect.

Once you submit the basic property and financing details, we can determine whether the opportunity may fit our lending parameters. Any timing depends on receiving complete, accurate information and is not a commitment to lend.

Generally, we look for borrowers with a track record of at least a few completed projects. If you are newer, a personal introduction or referral from someone we know can help us evaluate the opportunity.

Loans generally range from $100,000 to $400,000. The amount available depends on the borrower, property, valuation, project budget, documentation, and exit strategy.

For eligible projects, renovation financing may be available in arrears as completed work is documented and approved. Draw terms are subject to the property, borrower, and final loan approval.

We finance qualifying non-owner-occupied investment properties for fix-and-flip, buy-and-hold, BRRRR, and cash-out refinance strategies.

We explain lender charges and identify standard third-party costs such as title, legal, escrow, recording, and insurance expenses before closing whenever possible.

We focus on New York's Capital Region, including Albany, Schenectady, Saratoga, Rensselaer, and surrounding counties.

Start with the property address, purchase price or current value, renovation budget, estimated completed value, requested loan amount, exit strategy, experience, reserves, and desired closing date.

Yes. These are business-purpose loans for investment property and are not intended for an owner-occupied personal residence.

The required contribution and reserves depend on the property and borrower. We review leverage, liquidity after closing, project costs, and the repayment plan together.

Documentation varies by transaction. A signed purchase contract is needed for a purchase term sheet, and we will explain the remaining entity, property, financial, title, insurance, and project documents required for your situation.

We complete an initial deal review of the property, borrower, financing, project, and repayment information to see whether the opportunity may fit our lending parameters. If it appears to fit, we move into more detailed underwriting and discuss proposed terms. An initial review is not an approval or a commitment to lend.

We look at the property and its condition, the renovation scope and budget, the valuation support, your experience and prior projects, your entity and documentation, available liquidity and reserves, the requested leverage, and your repayment or exit strategy. The complete opportunity is reviewed together, subject to underwriting.

Pricing is set within our general guidelines and depends on the borrower, property, leverage, project scope, documentation, and exit strategy. Proposed terms are subject to review, documentation, final approval, and closing conditions.

For approved projects, renovation funds may be advanced as draws after work is completed and verified. Draw requests are generally subject to the loan documents, project budget, inspections, photos, invoices, receipts, lien waivers, and contractor information. Approval of a loan does not guarantee approval of every future draw request.

Common items include incomplete submissions, title or lien issues, insurance requirements, valuation or inspection questions, entity and ownership documentation, contract deadlines, renovation or contractor information, and response times from the borrower and closing professionals.

Contact us before the scheduled loan maturity date. If the loan will not be repaid by maturity, extension terms, additional interest, fees, or other conditions may apply. Borrowers should review their loan documents and reach out early.

The loan may be repaid through the sale of the completed property, a refinance into permanent or rental financing, a cash-out refinance, the sale of another property, or another documented repayment source.

No. Submitting an inquiry does not guarantee approval and does not create a commitment to lend. It starts a conversation and an initial deal review.