The ability to close quickly wins deals. A hard money loan could be the perfect solution for your time-sensitive needs. Approvals and settlements can happen in as little as one week, making it an ideal choice when rapid funding is necessary - like during foreclosure proceedings. Of course, we as lenders must still take care to inspect title work and appraise property value – but rest assured that we'll do everything possible to make sure you get funded fast!

Yes! We're working on a self generated pre approval letter website widget but for now reach out to us via email or phone and we will ask you a few basic questions and get you a pre approval letter emailed over.

Hard money loans are an attractive alternative to traditional financing, but they come with their own set of fees, in addition to the interest on the loan. Our loan fees or “points” start at as little as .99% for transactional funding and 1.99% for all other loans. Each “point” equals 1% of the loan amount. The points, along with additional charges like appraisals, document preparation or application processing expenses will be disclosed up front and due at loan closing.

Obtaining hard money is an attractive short-term loan option for those looking to buy commercial or residential investment properties, but there are some instances where it doesn't make sense. Hard money loans typically don't benefit the borrower if seeking long term financing options, deals that require a high Loan To Value Ratio (LTV) and any type of owner occupied personal residence.

Consumer mortgage loans are an entirely different product from a hard money loan. They are highly regulated at the federal level and we are not licensed to originate residential mortgage loans. We will not lend on a primary residence.

Every hard money deal is unique and must be evaluated individually. Our rates start as low as 11.99% accompanied by points paid at closing as low as 1.99%. All terms will be disclosed before any settlement takes place so there are no surprises for you, the borrower.

Prepayment penalties may or may not exist for a given loan. The answer is “it depends”. Hard money loans are often funded by private investors who want to keep their cash invested, so there are usually required minimum interest periods disclosed during the approval process. We require a minimum of 3 months guaranteed interest with the exception being a same day, transactional loan. Those loans incur a flat fee, starting at .99% of the loan amount. 

When applying for a loan, make sure to fill out the Loan Application first. Our underwriter will then let you know which documents they require in order to assess whether or not your loan fits our lending criteria. If your property has already been appraised, consider submitting that information as soon as possible; this could help expedite approval of your deal!

It depends on the particular situation. Lenders are often willing to finance properties that require only a portion of the total cost. As long as they hold first lien position, their funds will be secured and repaid in full before any secondary loan arrangement is compensated - so, in most cases, you don't have to worry about sourcing alternative financing! However, if this will be the case for your loan let us know that as soon as possible and let’s talk through it to ensure it won’t be an issue.

To ensure a successful loan and secure lien position for us as the lender, we'll need to conduct a title search of your property. Additionally, you'd be responsible for paying the associated closing costs such as those from an escrow company, recording documents in the local register’s office, and issuing lender's title insurance. This generally runs between 1 and 2 percent of the purchase price. 

In the world of hard money loans, each opportunity stands on its own merits. Unlike Fannie Mae, we don’t limit you to 10 loans. If it passes economic scrutiny and makes good financial sense, you could be eligible for a loan no matter how many properties you have in your portfolio.

It depends. Here at Revive Capital Partners, you can get competitive bridge loans of up to 65% of a property's value. And even if your purchase price is significantly lower than its estimated worth - such as buying a $300K house for just $180K - we may still offer the full amount requested with no reductions, covering both the cost of acquisition and closing fees when applicable. Put simply: buy it right and you could be eligible for financing that covers 100% of what you pay!

The short answer is, maybe. We believe in determining value with as much precision as possible. Therefore, when you work with us to finance your property purchase or refinance a loan secured by the same asset; it is essential that its current worth be accurately evaluated for prudent credit decisions. We have some options in getting to the destination. An appraisal from a licensed appraiser is the most expensive and takes the longest. A BPO (Broker Price Opinion) from a licensed real estate agent is less costly, is usually quicker, and is the most preferred method. Finally, depending on the parameters of the deal, our underwriting team may be able to determine value well enough on their own to make a credit decision. Whichever route we go, your up-front fees for this service will reflect the type of appraisal best suited for an accurate valuation.

We are currently licensed to lend anywhere within the state of TN. However, there are a handful of other states in which we can lend without a license. Reach out to us directly to see if we can lend in your state. 

Yes, we are a licensed TN Industrial Loan and Thrift (NMLS # 2358046). As a TILT lender, we’re licensed to do all types of commercial-purpose loans. However, we DO NOT lend on owner-occupied personal residences. If you need a great residential mortgage loan, please ask us for a referral. We have relationships with some great home mortgage lenders.

We lend on residential investment properties that have a commercial purpose, commercial property, raw land and commercial land, duplexes, quads, apartments, self-storage, retail, mobile home parks, strip centers, etc. If it’s a piece of real estate with a commercial purpose and we can accurately determine its value then we’ll likely lend on it. We have relationships with other commercial lenders as well that handle much larger projects ($5 million+) if that is your need, so feel free to contact us and we can refer you.

All our loans are interest only. You are paying only interest and no principal with each payment you make. Also, all our loans have a balloon payment due in 3 to 6 months. This means the entire balance of your loan will be due at the end of the loan term.

It depends on the type of loan you’re seeking. For a fix and flip loan, we’ll typically lend 65% of the as is market value at purchase and 100% of the rehab costs (not to exceed 65% ARV). However, if you buy the property at a very steep discount then it's possible to have a situation where we'd be willing to lend 100% of both purchase and repairs.

Typically, yes. If you find a really smoking deal then it may be possible that you’re buying it at enough of a discount for the closing costs to be rolled into the loan but understand that’s typically not the case.

Yes. Although we’re primarily looking at the asset on which the loan is written, we also want to make sure the person doing the deal is solid as well. After your application has been reviewed, an underwriter will notify you of any and all documentation required for it to be accepted and finalized.

That depends on several factors, mainly why your credit is bad and what your exit strategy is for the loan. Your "exit strategy" will be key in determining how seriously credit scores will factor into your loan. If you're merely flipping a property, then it's not that critical - but if the intention is to rehab and hold as a rental, refinancing will require greater scrutiny of any low scores and the reasons for them. We'll review thoroughly before loaning our capital to you so the risk is adequately managed.