Step 1 - Draw Request Forms Submitted

Step 2 - Site Inspection (usually within 48 hrs of draw request)

Step 3 - Inspection Report Submission (usually within 24 hrs of inspection)

Step 4 - Inspection Report / Draw Approval (24 hours or less)

Step 5 - Funds Wired ** (Draw Fees Do Apply Per Draw)

PLEASE NOTE: We operate on a progressive draw system and this means you will have to complete work prior to getting refunded. Most every draw will be inspected prior to issuance. Average draw requests can take 2-5 days depending on our inspection log at the time of draw request. Same day draws are available for qualified participants under certain loan programs.

PRIVATE LOANS, often referred to as hard money loans or commercial bridge loans, offer three significant advantages over conventional or bank-financing arrangements. We as private lenders can fund quickly, within a flexible structure and without ugly prepayment penalties that can unintentionally hinder the success of your business. Here are our top five advantages of short term hard money loans at Crowder Financial, LLC:

1. Rapid Funding of Loans:

Trying to secure even the simplest of loans from a financial institution in the post-Enron, post-economic downturn world can be extremely difficult. Banks never-ending requests for forms, statements and other documents force businesses to wait. But we all know that opportunity waits for no one. We can move quickly and base decisions largely on the liquidation value of the collateral provided. Faster decisions mean you start moving forward in your business rather than get caught in funding limbo.  Our typical short term loans fund in as little as 10 to 15 days with possible express options available.

2. Flexible Term Structure:

Your business is constantly adapting to changing market circumstances. Traditional financial institutions aren’t as flexible and typically take a one-size-fits-all approach to all requests. We can structure repayment and collateral release terms in ways that are mutually beneficial to both borrower and lender. Greater flexibility often results in better outcomes.  Our terms range from 6 to 36 months based on your individual needs and rehab project.  It is best to execute a deal in the shortest allotted time to allow for maximum returns on your investments.  A typical residential fix and flip will range from 4-8 months depending on the exit market, but your average commercial deal is roughly 12-24 months.

3. Prepayment Penalties:

You know that even the best-laid plans can change, hopefully for the better. If business goes particularly well, the last thing you want is to be penalized for your success. Yet traditional financial institutions often charge hefty prepayment penalties if circumstances change and a loan is fully or partially repaid before the due date. We are fully invested in your success and typically structure loans with or without limited prepayment penalties or added fees. It’s one more way a private lender can contribute to your success.  We want you to be successful and in this case do not apply any pre-payment penalty to our short term loans.  As a matter of fact; we want you to exit as quickly as possible so our monies can be flipped and used again to increase our profits.

4.  Express Loan Options:

Our express loans were designed for borrowers who are purchasing from an auction house and/or are in a tight spot with limited time for closing.  We assess the collateral property in-house and will possibly allow for the property appraisal and inspection to occur post closing.  This allows for us to fund a transaction in 21 days or less!  Now, since we are taking on some of the risk, our funding options will be limited to loan to cost or otherwise agreed, thus making you the investor put a little more skin in the game.  To calculate our maximum loan value just take the purchase price plus the rehab amount and multiply times 75% and this is our average loan value.  Of course, this option is more expensive than our traditional closings, only because we push all our resources to get your deal done on time! In addition, we look at experience, credit, cash reserves and more to qualify you for a fitting credit facility.

5.  100% Funding Using Cross Collateral:

Investors who have property with equity and wish to utilize this equity in replacement of cash at closing; you may use your existing equity up to 70% of fair market value as cash towards the down payment of purchasing your next renovation project.  For example; if you are transacting on a 250,000 rehab project and your down payment is $70,000.00, but you have approved equity in a separate investment property, we will just use this equity in replacement of your cash at closing..  Once the investment project is completed and sold/refinanced; you may use the equity again on another investment property.  Please note; your cross collateral equity may cover the down payment, closings costs, interest payments & cash out at closing to start your construction.....

6. Lines of Credit

Our lines of credit will be offered on a case by case basis, usually customized to each investor. The credit line operates just like a hard money loan but, allows you to leverage more deals, obtain a base interest rate and minimum fees per transaction. If you are a full time real estate investor you should look to apply today. You may leverage 5x your available cash and possibly 2x your equity position on investment grade products. Inquire within for further details.