WE OFFER PRIVATE, HARD MONEY LENDING FOR...

FIX & FLIP

We offer 6 month, collateral-based Fix & Flip loans. No appraisals... Your loan with us will be based on the home’s value after the planned repairs are complete.

We offer 6 month, collateral-based Fix > Refi > Hold ("BRRR") loans for your rental investment properties. We help you get through the value-building phase and finish our loan process once you refinance into a long-term loan.

APPLY NOW

DOWNLOAD BORROWER APP

OUR PROCESS

Call Brooke at (410) 929-6028‬ with information about your deal. After we talk and if we think we'll make good partners, we'll guide you to fill out the Borrower + Loan Application discussed in Step 2. (Don't have a property yet, go ahead and fill out our Borrower Pre-Approval Application here.)

Please note our following Borrower Criteria and Terms:

$40,000 minimum liquidity and 680 minimum credit score
Loans up to 65% on the ARV of the property
12% and 3 points for 6 months with extensions available
No appraisal required
Fund up to 100% of purchase and 100% of rehab (max 65% LTV)
Borrowers to close in a limited liability company (LLC) w/ personal guaranty from all partners

Getting approval via our Borrower + Loan Application is a critical step. We'll also ask you to send us the following documents, and will do a hard credit pull:

2 Months of bank statements showing MINIMUM liquid assets of $40,000
Copy of your driver's license
Copies of all corporate entity (LLC) documentation
A Full Construction Scope of Work (SOW), per this form, which lists proposed repairs and/or draw schedules, including material and labor costs and copies of any contractor estimates or contracts including:
- Copies of any appraisals or inspection reports of the property
- Sales Contract
- Photos of the Property

Assuming there are no issues with the Property Inspection or Title, you will be sent your loan funds at closing through a settlement with a title company.

If you are rehabbing a property, you will be required to obtain a Builder's Risk and General Liability Certificate of Insurance (COI). Contractors that are hired for the job must provide a copy of their General Liability Insurance and Proof of Workmen’s Comp Insurance. You will also be responsible for all closing costs.

We will keep your construction funds in an escrow account. As each phase gets completed, you will submit a Draw Request (available online and via our GPC Borrower App) and a property inspection will be arranged. Once the draw request is approved, the funds will be released to you.

The final draw is never released until the project is completed. You’ll be responsible for all construction draw inspection fees.

What is your borrower criteria?

We require $40,000 minimum liquidity and 680 minimum credit score, in addition to an approved Borrower + Loan Application.
How do I pay my interest payments?

Borrowers pay interest monthly via a direct debit ACH pull.
Do you charge a prepayment penalty?

No we do not charge any prepayment penalties. You are allowed to prepay the loan at any time.
What are your loan terms?

GPC lends up to 65% on the after repair value (ARV) of the property. Our fees are 12% interest and 3 points for 6 months, with extensions available.
Do you run my credit?

Yes, we will pull your credit. We'll also run any necessary background checks.
What are your loan fees?

We do not charge an application / property valuation fee, like many of our competitors. We do however charge the following fees, payable at settlement: $750 - Loan prep & Title review $995 - Underwriting & Processing $450 - Draw Inspections (3 draws x $150 each)
Will you lend to a property held by a self-directed IRA?

Absolutely!
What are your terms for extensions?

We can offer extensions past the original 6-month term, per the following fee schedule: 1st three months - 1.5 points 2nd three months - 1.5 points More? Let's talk...
Are your loans fully amortizing?

No, our loans are interest-only over a 6 month term.
Do I have to show proof of insurance?

Yes, Borrower must provide a Builder's Risk and General Liability Certificate of Insurance (COI), to be collected prior to closing.
On what types of properties do you lend?

Right now, we are focused on single family residential yet will consider multi-family up to four units. We do NOT lend on primary residences.
How much do I need to put into the deal?

Borrowers will need to show a minimum of $40,000 liquid capital for any required closing costs, fees, construction costs, etc. The larger the deal, the more you will need.

DON'T HAVE A PROPERTY JUST YET?
GET PRE-APPROVED

Don't want to wait until you have a property under contract to start the Borrower approval process? No worries! Go ahead and apply for pre-approval now so you'll be ready when the time comes. For more information about what you will need to provide as part of the application process, please click here. *Please note, this is for Borrower approval only. All property loans will be reviewed and vetted separately.*

OUR CRITERIA:

$40,000 minimum liquidity and 680 minimum credit score
Loans up to 65% on the ARV of the property
12% and 3 points for 6 months, with extensions available
No appraisal required
Fund up to 100% of purchase and 100% of rehab (max 65% ARV)
Borrowers to close in a limited liability company (LLC) w/ personal guaranty from all partners

WE OFFER PRIVATE, HARD MONEY LENDING FOR...

FIX & FLIP

FIX > REFI > HOLD

OUR PROCESS

DON'T HAVE A PROPERTY JUST YET? GET PRE-APPROVED

DON'T HAVE A PROPERTY JUST YET?
GET PRE-APPROVED