So how quickly can you close?
.
Very common question we get in the asset based lending space.
.
With a complete submission, we can close faster than most.
.
Here is a recent funding we closed, referred over from a reputable mortgage broker in our network.
.
This file was submitted to underwriting on a Friday and we had docs out on the very next Tuesday, 2 business days later.
.
At S&L Capital Group, one of the few things we stress to our clients is our ability to deliver on the terms we quote. How do we do we deliver this with confidence?
.
By not pretending to offer every loan structure under the sun.
.
We know what we like, we know what our investors like, and we quote our loans accordingly.
.
How can we get to docs in 2 days on a multifamily deal?
.
Adding Kristen Hillis to our team makes that possible at a faster clip. She has allowed us to work more files, move them through the process more efficiently, with out jeopardizing the quality of our file.
.
We are able to run a few things concurrently which cuts out days on the closing timeline.
.
We originate, underwrite and draw loan documents in house.
.
What about Loan Committee?
.
Well, I happen to be the loan committee.
.
If you are looking for an 75%-80% LTC loan on an 8 ADU build out, we are not the lender for you. If that is the loan request, I would be happy to share the names of a few companies entertaining that structure. I have even seen some higher leverage marketed. Again, not for us.
.
If you need to close in sub 10 days because your perm lender dropped the ball or your 1031 window is about to expire, we will be there.
.
Good, bad or indifferent, you will get it straight from us.
.
.
.
#SLCG #SLCapitalGroup #trusttheprocess #knowhoyouworkwith #education #sharingiscaring #hardmoney #privatemoney #assetbasedlending #oneinthesame #readtheroom
At S&L Capital Group, we are grateful for the Mortgage Brokers who trust us to be able to deliver on the terms we quote Day 1.
Here is a recent funding submitted over to the team from a reputable Mortgage Broker in our network.
At the finish line, their client's DSCR lender was have problems with their credit facility and went a little silent.
The opening question, which is one we love to answer was, "How quickly can you close?"
Our reply, "How quickly can you get us a file?"
We received a complete, labeled, and extremely organized file on Day 1 which allowed us to get it to underwriting on Friday, February 9th.
We had loan documents out for signing 2 business days later on Tuesday, February 13th which allowed us to Fund faster than anyone expected.
As a Company, we work closely with Agents, Brokers, Mortgage Brokers and Investors in providing quick access to capital for their real estate investment properties.
It literally just starts with a call.
.
.
.
#SLCG #SLCapitalGroup #Knowwhoyouworkwith #trusttheprocess #multifamily #acquisitionbridgeloan #Compton #noproblem
-
SR. Loan Officer
2wAlways appreciate you and that brain of yours. Seeing the obvious when we are blinded with the many steps to completing a loan.