Here are our lending guidelines
The Basics
Loan amounts: Up to $5,000,000.00
LTV: 90%
Interest rate: From 5% to 11%
Grace period: 3 Months
Security: Loan Origination Fee
Loan term: 25 years Max
Location: We lend Nationwide, in Canada, and other major European countries.
The Requirements
*A 300 minimum FICO score(only applicable to personal loans).
*A comprehensive business plan/project outline is applicable to business and real estate loans.
*Borrowers must be of age 18 and above.
*The borrower must have a Government-issued identity card preferably a Driver’s License, or Passport.
*Bad/Excellent Credit score acceptable.
*For real estate loans (scan a copy of the contract agreement from the sellers).
*Recent utility bill payment receipt not older than 2 months.
Loan Types
Commercial Loans
Fix and Flip Loans
Multi-Family Loans
Commercial Loan
Rehab Loans
Business Loans
Personal Loans
Acquisition Loans
Debt Consolidation Loan
Real Estate Loans
New Construction Loans
Agricultural Loans
Bridge Loans
Refinance Loans
Our Loan Process
Here is how our loan process work:
Application
All applicants are required to fill out the loan application form.
Verification
Applicants are required to provide proof of income, residency, identity, and project outline or business plan.
Underwriting
We do our underwriting process to see if
the applicant is worthy.
Approval
If an applicant is deemed worthy after underwriting, an approval letter is sent.
Loan Documents
All loan documents are signed after the loan has been approved.
Funding
The funding process takes between 24-48 hours to complete depending on the bank and country.