What are the typical interest rates and terms for your loans?
Understanding the interest rates and terms is crucial for any borrower. Providing clarity on these aspects helps potential clients gauge affordability and compare options effectively.
What types of properties do you lend on?
Investors may have a variety of properties in mind, from single-family homes to multi-unit complexes or commercial spaces. Knowing which types of properties a lender finances can help investors determine if they’re a good fit.
How quickly can I expect funding?
Real estate transactions often require prompt financing to secure deals. Knowing the timeline for approval and funding can be essential for investors, especially in competitive markets.
Do you require a minimum credit score or financial history?
Many borrowers are concerned about credit requirements and financial history impacting their eligibility for loans. Clarifying these criteria can help clients understand their chances of approval.
What sets your lending company apart from traditional banks?
Private lending companies often offer advantages over traditional banks, such as faster approval processes, more flexible terms, and personalized service. Highlighting these differences can help clients understand the value proposition of working with a private lender.
