Green Block – Private Lender Link

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 the state of Michigan, including the city of Detroit.

Loan Amounts

$55,000 to $2,500,000

Interest Rates

4.5% to 24.00%

Max Loan-To-Value

90%

Max Loan-To-Cost

80%

Origination Fees

2% to 3.5%

Loan Terms

0 months to 360 months

Lien Position

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

Minimum Occupancy Percentage

50%

Property Types and Loan Types

Collateral Types

Residential Property
Commercial Property

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

Purchase Loan

Max Loan-To-Purchase Price

90%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

Allowed Source of Borrower’s Equity

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

Rehab Value Add Loan

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

80%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

Maximum After Repair Value

75.00%

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Works With

Brokers
Borrowers

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

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

Borrower Entity Types Considered

LLC
Corporation

Documentation Required

Credit Report
Bank Statements
Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

650

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

Fees

Documents Fee

Fees which are mandatory for all new borrower clients

Documents Fee
Credit Report Fee
Background Check Fee

Fees which are charged upfront prior to loan closing

Documents Fee
Other Fee

Fees which are paid to a third party company

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

Legal Disclaimer

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

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 company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

Percentage of Loans Secured by Residential Property

93%

Yoav Gilad

Chief Strategist

Certified Fund Manager

Marcia Gilad

President

Loan Request

Deal Name *

Short Description of your Loan Request or Property Address

First Name *

Last Name *

Company

Email *

Phone

Company Phone

Your Location

This information is about yourself, not the subject property.

Country *

State

Province

Country *

State/Province

City *

What is your primary role in this loan request? *

Specify Your Role

Requested Loan Amount *

Loan-to-Value

Preferred Loan Term *

months

Lien Position *

Collateral Type *

Will the loan be collateralized by multiple properties? *

Fill out the form for one of the properties

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

Exit Strategy *

how will the loan be paid off?

Exit Strategy Details *

Subject Property Address

Subject Property City *

Subject Property State *

Subject Property Zip Code

APN Parcel ID Number(s)

Lot Size

acres

Subject Property Photos

Add links to photos here.

	Image
1

Add

Will additional properties be collateralized? *

Additional Properties

Address