Our Process
Your time is valuable and we strive to execute a loan process that communicates this from application to closing.
Process
Highlights
Our process is focused and efficient. Our capital creates solutions and helps borrowers make fast, informed decisions.
- Short-term
- Minimum loan amount of $100,000
- First lien only
- Interest-only payments
- No maximum loan to cost
- Non-owner occupied properties
Asset Classes
- Multi-family
- Office
- Residential
- Medical
- Land
- Bridge
Borrower Protections
Proper valuation, documentation and communication are essential components of all our transactions. We work diligently at following wise business and transactional decisions while making sure that both borrower and lender are protected. Our business is built on repeat clients and making sure each transaction is a “win-win” for all involved is important.
- All loans are closed through a title company.
- Value is verified by a licensed, third-party appraiser
- Survey is required for all property used as collateral
- Loan proposal outlining all terms and fees is provided before processing begins
Timeline
-
Complete loan application
-
Review term sheet
-
Collaborate with RoseRock to process loan
-
Sign loan documents
-
Loan Closing/Funding
Terms
| Term | LTV | Interest | Points | |
|---|---|---|---|---|
| Land | Term: Up to 12 months | LTV: Up to 65% | Interest: 8 - 15% | Points: 2 - 3% |
| Fix & Flip | Term: Up to 12 months | LTV: Up to 70% | Interest: 8 - 15% | Points: 2 - 3% |
| Bridge | Term: Up to 12 months | LTV: Up to 65% | Interest: 8 - 15% | Points: 2 - 3% |
| Construction | Term: Up to 12 months | LTV: Up to 60% | Interest: 8 - 15% | Points: 2 - 3% |
| Closing Costs | $1,525 - $2,300 Processing Fee* *Dependent upon asset class and loan size |
Closing costs are subject to change if additional third-party services are needed for a transaction. | ||