Direct Lender for Michigan Real Estate Investors

We are asset-based lenders. Green Block ensures that all parties benefit and won’t approve funding unless it is win-win for us and our borrowers.

We only lend to business entities (LLCs or Corps), not individuals, on properties in Michigan. Properties must be non-owner occupied and unencumbered.

Property Geographic Area Details
We lend primarily in our home state of Michigan and 42 others.
Loan Amounts
$75,000 to $2,500,000
Interest Rates
4.25% to 15%
Loan Terms
0 months to 360 months
Origination Fees
1% to 4.5%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Condominium
  • Mixed-Use
  • Multifamily
  • Single Family Residence
  • Student Housing

Loan Types

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

Specialty Loan Types

  • Residential Long-Term Rental
  • Transactional Funding

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

85%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75.00%

Inspection Fee

Draw inspection fee

Credit Report Fee

Charged by report provider, not lender

Background Check Fee

Charged by report provider, not lender

Background Check Fee

Charged by report provider, not lender

Fees which are mandatory for all new borrower clients

  • Documents Fee
  • Credit Report Fee
  • Background Check Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Inspection Fee
  • Title Fee
  • Credit Report Fee
  • Background Check Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

2

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

yes

5 year step down penalty for 30 year rental loans.
Will lend to a foreign national

yes

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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Legal Disclaimer

All guidelines subject to change at any time, without notice.

Get In Touch

Green Block pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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Speedy, exceptional customer service is the heart of our business. We know all of our clients by name and will only fund a deal if it’s win-win for our clients and us. And because we were started by flippers, we understand and seek to solve the problems real estate investors face.

Simply put: our business exists to help yours grow.

We finance your investment. Have you applied for a loan at a big bank and been turned down? Most banks won’t loan to real estate investors for many reasons. Silly, isn’t it? Green Block thinks so. We loan to any investor with a strong business plan.

Get in. Get out. Get paid.TM

Year Established

2017

Associations

  • American Association of Private Lenders - Member

Office Locations

Green Block Inc.
2075 W. Stadium Blvd. #2950, Ann Arbor, MI 48106

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Other Private Lending Companies
  • Crowdfunding
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

7%

Percentage of Loans Secured by Residential Property

93%

Our Team

Yoav Gilad

Chief Strategist

Marcia Gilad

President

Get In Touch

Green Block pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact Green Block by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$75,000

Send an email to Green Block