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Benefits of Funding with Equity Lending Inc.

SPEED: We will give you an answer within 24 hours, and will perform a property inspection immediately. We can close within 5-10 days.

EXPERIENCE: We have almost 75 years of Private Lending experience among the owners at Equity Lending, Inc. We have deep experience and knowledge of the DMV market as both Lenders and Development oriented principals.

FLEXIBILITY: We have seen every scenario. We can fund as little as $100K, or as much as $5M.

LOW DEFAULT RATE: We have less than a 1% default rate. We don’t fund the loan if there is any significant chance of a default.

GUIDANCE: Let our experience help you make your deal a success. We will guide you through your transaction. As you move through the construction process, our experienced principals will provide advice. Most lenders only advise you to closing – we will guide you until payoff.

RED TAPE: We’ve seen most real estate scenarios many times. When necessary, we can recommend specialists who can help you get your deal closed. We will help you navigate some of the obstructions that can kill a profitable transaction.

 

 We protect our brokers!

Property Geographic Area Details

DMV Metro Area and Delaware

Loan Amounts

$100,000 to $5,000,000

Interest Rates

10% to 16%

Max Loan-To-Value

65.00%

Max Loan-To-Cost

95.00%

Origination Fees

3% to 6%

Loan Terms

6 months to 18 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease

Property Types

  • 2-4 Units Residential
  • Condominium
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Residential Land
  • Retail
  • Single Family Residence
  • Vehicle Parking

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Agricultural Land
  • Special Purpose Land

Will Consider Land That is NOT Entitled

no

Existing Land Improvements Required

  • Street Access
  • Electricity
  • Water
  • Commercial Structure

Max LTV for Land

65.00%

Max LTC for Land Acquisition

65.00%

Purchase Loan

Max Loan-To-Purchase Price

65.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Another Investment Property
  • Equity in Primary Residence

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Corporation
  • Self-Directed IRA

Documentation Required

  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

no

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always After Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$1,500.00 to $2,000.00

Your deposit secures your loan and gets the ball rolling on the transaction. Deposit is sent to a trusted group of Lawyers we use for every closing who are incredibly skilled and diligent in processing your deal. Deposit is returned if loan does not close.

Underwriting Fee

$250.00 to $350.00

Inspection Fee

$300- $500 Inspection Fee depending on location of property.

Fees which are mandatory for all new borrower clients

  • Deposit
  • Underwriting Fee

Fees which are charged upfront prior to loan closing

  • Deposit

Additional Details

You will pay a $1500 deposit upfront that gets the ball rolling on your loan. Additional fees (underwriting & inspection) are paid out of closing, and usually average about $875. No hidden fees or unnecessary charges. We follow a standard practice for every loan, and returning customer see lower fees for their recurring transactions.

Equity Lending Inc is one of the longest standing Hard Money Lenders in the DC area. We have crafted hundreds of loans in D.C, MD, VA, DE, NY, NC,  although 90% of our deals are in the DMV area.

Coming from many years of experience as D.C Real Estate Developers, Equity Lending Inc has a deep understanding of the market, and has many contacts in and around the DC area. What sets us apart from other Lenders is that we will guide you through the entire closing process, and continue to offer assistance through construction. Our deep understanding of D.C and the Real Estate Market will ensure that your project is successful.

We are a small business with only a few employees so you will always speak directly to us. We are easy to reach, and have one employee who handles property inspections which allows for quick closing.

Having been central to hundreds of DMV real estate deals over the last 30+ years, we have the knowledge to craft a deal that will benefit all. We are not afraid of unique situations or unconventional deals!

 

Year Established

1988

Office Locations

Gaithersburg, MD 20885

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Own Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Commercial Mortgage Banking
  • Note Investing
  • Commercial Real Estate Investing
  • Residential Real Estate Investing

Percentage of Loans Secured by Commercial Property

70%

Percentage of Loans Secured by Residential Property

30%

Percentage of Residential Property Loans Which are Fix and Flip

90%

Percentage of Loans Secured by Land

20%

Total Number of Loans Funded to Date

800

2017 Number of Loans Funded

37

Completed Transactions

Equity Lending Inc.

Private Loan Funding
Upper Marlboro, MD
$180,000
Single Family Residence

Residential Fix and Flip

View Transaction

Equity Lending Inc.

Private Loan Funding
Washington D.C, DC
$576,000
Condominium, 2-4 Units Residential

Purchase

View Transaction

Equity Lending Inc.

Private Loan Funding
Rehobeth, DE
$850,000
Single Family Residence

Purchase

View Transaction

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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%
$
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(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

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