Speed is Important While traditional bank financing has become more cautious and bogged down in regulatory red tape, lenders have established underwriting criteria and procedures which understands the industry and the need for speed.
Funding often comes within weeks after the borrower signs the letter of interest.
Borrowers have found that a quick loan approval and funding eliminates worry of lost profits or loss of opportunity while waiting for bank financing. The loan criteria of real estate lending is not as conservative as traditional financing. One of most important factors to our lenders is that the industry is more collateral value driven than banks which require extensive financial capacity and perfect credit rating.