Frequently Asked Questions
Where Do We Lend?
Our primary lending area is Richmond, VA, and surrounding counties, including Hopewell, Petersburg, and Colonial Heights.
What Types of Loan Programs Do You Offer?
We lend on non-owner-occupied properties with terms of 3 months, 6 months, or 1 year. Long-term financing is NOT available.
What Are Your Interest Rates?
Interest rates vary based on the type and length of the deal. Contact us for specifics.
Do You Offer 2nd Mortgage Loans?
Yes, we can lend in second position depending on the specifics of the deal. Contact us to discuss.
Are There Any Upfront Fees?
No, there’s no charge to apply for a loan.
Do You Lend for Commercial Properties?
Yes, we love to lend on commercial real estate projects!
What’s the Typical Payoff Timeline?
Our typical loan term is 6 months, but extensions are negotiable depending on the details of your project.
Do You Participate in Joint Ventures?
Yes, we can consider joint ventures with the right partner. Contact us to explore possibilities.
What’s Your Maximum Loan-to-Value (LTV) Ratio?
We typically lend up to 70% LTV. In some cases, we may require more, but never less.
Do You Lend to Individuals?
We only lend to entities or non-owner-occupied landlords.
Do You Offer Personal Loans?
No, we only provide loans secured by real estate.