Private Lending, Hard Money Loans in the DMV
 
 
 

 

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LOAN PROCESS FOR NEW CUSTOMERS

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Tips for a Fast Closing

  • Have all of your papers in order. Depending on the type of loan we will typically request the following documents.
  • Copies of Corporate/LLC formation documentation
  • Copies of a sales contract
  • Drivers License
  • Detailed list of proposed repairs, draw schedules, labor/material costs, etc. if construction loan.

Have a Title & Insurance Company set up

We have a title company and 2 insurance companies we regularly work with that we can refer you to. Using our title company and insurance companies will save both of us time and ensure a smooth closing process. We will require you to provide evidence of General Liability Property Insurance prior to closing.

Assuming that there are no inspection, title, or appraisal issues and a General Liability Insurance Policy is in place, we will close your loan through a title company and the title company will disperse funds.

Be Ready for Property Inspection

We will have a representative inspect your property before closing. The inspector will contact you directly for a day/time to inspect.