Environmental concerns are becoming more and more prevalent. The Comprehensive Environmental Response, Compensation, and Liability Act essentially says if you own it you own the problems. For this reason, lenders often run whenever they see the words “Environmental.” Learn how you can better navigate receiving funding for such properties.
Seek first to Understand Clearly establish your client’s needs. Ask them what they want and need. Fully understand their situation. It’s your job to understand what they can pay, what the land is worth, what their minimum needs are and
Why are lenders beginning to reduce their LTV parameters? We have kept a 50% LTV requirement for our entire existence for fear of ever going underwater on any of our loans. In recent months other lenders are beginning to see what
This is by no means an exhaustive list. Our lawyers and the title company will ask for different documents changing what you may or not provide. But this list includes all documents that we require before closing. Completing these as
Check Out Gravity Capitals Loan Matrix for a More Specific idea of the loans we do.