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%

Max Loan-To-Cost

95%

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

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

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

Equity Lending Inc.

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

Purchase

Equity Lending Inc.

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

Purchase