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  • HOME
  • WHAT WE DO
  • HOW IT WORKS
  • CRITERIA
  • FAQ's
  • CONTACT US
  • …  
    • HOME
    • WHAT WE DO
    • HOW IT WORKS
    • CRITERIA
    • FAQ's
    • CONTACT US
  • HOME
  • WHAT WE DO
  • HOW IT WORKS
  • CRITERIA
  • FAQ's
  • CONTACT US
  • …  
    • HOME
    • WHAT WE DO
    • HOW IT WORKS
    • CRITERIA
    • FAQ's
    • CONTACT US
  • Funding to bring your project across the finish line

    LET'S WORK TOGETHER!
  • What We Do

    Our Service

    We provide financing that allows investors to finish real estate flip projects when costs have exceeded available funds. We fund projects that are in good shape and nearing completion. Our loans allow you to “cross the finish line” and get the property on the market. At this point, we work in the Kansas City metro area only.

    How We Can Help

    The majority of projects run over budget. If you run out of options for obtaining additional funds, the success of your project can quickly be jeopardized. We recognized the significance of this issue and worked to develop a solution.

  • How It Works

    1

    Contact

    Contact us to discuss your project. Provide us with the background and project information, such as scope of work done and remaining, purchase price, repair expenditures to date, After Repair Value, project schedule to complete, and the amount needed to complete.

    2

    Preliminary Evaluation

    We will review of the information provided and follow up with any questions. If the results of the review are favorable, we will ask you to submit a loan application.

    3

    Funding Decision

    We will visit the property with you for a walk through. We often make a funding decision on the spot, along with a fee quote.

    4

    Loan

    We will set a funding date, complete the paperwork, and begin issuing draws in accordance with the remaining scope of work.

  • Loan criteria

    Up to 85% of the After Repair Value

    Less than 45 days to finish (with a clear, confident path to doing so)

    Project is in good shape other than the shortage of funds

    Attractive property that is likely to sell quickly

    Existence of good comps to validate the target listing price

    Funds are to be used directly on the rehab to increase the value of the property

    Either first or second position loans are available

    No owner occupied properties

  • FAQ's

    Is there a minimum or maximum loan amount?

    $5,000 to $75,000.

    What are the fees?

    Our fees vary based on value of the house, the remaining scope of work, the sale-ability of the property, existence of quality comps, and several other factors. Once we understand the details of your situation, we will provide you with a fee quote.

    How quickly can my request be funded?

    A week is typical, however, many loans can be funded more quickly.

    Will you allow your loans to be second position loans?

    In most cases, yes. The decision to be in second position is a factor that is considered when evaluating your loan request.

    Will my primary lender be okay with you as a second lender?

    In most cases, yes. Most lenders like the additional funds to be available in order to get the project finished. A second position loan does not typically make their loan less secure. We will contact your lender to make sure they are comfortable with the additional loan.

    Are there any closing costs?

    No.

  • Contact Us

    We'll get in touch with you soon

Contact Us

913-915-8561

10300 W. 103rd Street, Suite 205 Overland Park, KS 66213

© 2020 A Division of Livingston Private Lending

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