Best Financial Advisors in Cherry Hill, NJ

Yes. Ask a loan officer for more details. If you provide more than one property as security, as described above in regard to cross-collateral, we can indeed provide 100% financing. If you don't have free and clear property, find a partner who does! Sharing half of a nice profit beats not being able to seal the deal! Many of our investors also use seller-carryback to do the same thing. We recommend finding deals and purchasing a property below appraised value as the best way to secure 100% financing.

Legal and regulatory reasons. Our current business model is to provide bridge loans to real estate investors for terms ranging from 3 to 24 months. Almost no homeowners need such a short loan. As a result, it is not cost-effective for us to implement the complex and restrictive processes and rules required by regulatory agencies to do business with owner-occupants.

Three to four days after we receive all required documentation, which can take three to four weeks. The key factor is the amount of time it takes you and your team to supply all the supporting documentation. We can do our part in three to four days, but first-time borrowers rarely get us the documents quickly enough and complete enough to meet that. Aim for 30 days or more whenever you can. Remember: If the amount of time needed to close is a factor, you probably have competition, and competition rarely translates into a good deal. Bring your deal in to discuss it with us.

Our loans are asset-based so, we base our loans on the value of the asset. However, we do require a credit report to view your payment history. Please don't be afraid to submit an application. If you tell us the story of what is going on, we will listen.

They are done by local appraisers charging the going rate for your specific market, varying between $300 and $600. The appraisal price is also going to depend on the property type and its location. A typical single-family residence, condo, townhouse or manufactured home may cost between $395 and $575. Meanwhile, multi-family units may cost between $550 and $645. A rural location may also increase the cost due to added drive time or appraiser availability.