What We Do
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
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
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?