Property Geographic Area Details

We lend in 25 states, mostly in the Midwest and Southeast: AL, AR, CO, FL, GA, IL, IN, KS, KY, LA, MI, MS, MO, MT, NE, NM, NC, OH, OK, SC, TN, TX, WA, WI, WY

Loan Amounts

$25,000 to $1,000,000

Interest Rates

7.50% to 12.00%

Max Loan-To-Value

70%

Max Loan-To-Cost

90%

Origination Fees

1.75% to 3.5%

Loan Terms

6 months to 360 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

Property Types

  • 2-4 Units Residential
  • Condominium
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Non-Prime

Details and Requirements

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

We have funded hundreds of loans for foreign nationals over the past 10 years.

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

Deposit Required

$400.00 to $400.00

We ask for a vendor deposit to order the appraisal. The amount of the deposit is general equal to or less than the cost of the actual appraisal. The borrower will receive a credit on the closing HUD for the vendor deposit.

Underwriting Fee

$0 to $400.00

Processing Fee

$0-$250

Fees which are mandatory for all new borrower clients

  • Appraisal Fee

Fees which are charged upfront prior to loan closing

  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee

Company Size (Number of Employees)

8

Year Established

2008

Office Locations

11289 Strang Line Road, Lenexa, Kansas 66215

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Bank Credit Line

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

1%

Percentage of Loans Secured by Residential Property

99%

Total Number of Loans Funded to Date

1644

Total Loan Volume Funded to Date

$156,000,000