FREQUENTLY ASKED QUESTIONS
3-5 days if the title is clear.
Up to 85% LTC and 65% ARV. More leverage allows you to do more deals and grow your business faster. Our broad sources of capital and discretionary underwriting allows us to get you the leverage you need to grow your business.
Our rates start at 8.49%, and we never lose a good deal to rate. As a direct lender with discretionary capital, you're dealing directly with the decision makers. Our capital markets team works tirelessly to ensure our clients receive the most competitive rates.
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We do have the capability to fund 100% of the construction costs. Similar to other funding mechanisms, we'll likely hold a percentage of these construction funds in escrow and release them as project milestones are met, subject to inspection.
We start with looking at your qualifications. We seek to partner with professional redevelopers who have a track record of success. You should have 3+ projects under your belt and a network of contractors, legal professionals and real estate agents who help you achieve your goals. Once you are prequalified we look at each project on a case-by-case basis. Each project is different but in general here is what we are looking for:
How much of your own equity is in the project? We require you to invest at least 10% of the purchase price into each project.
Loan to Value should be less than 70% of the After Repair Value (ARV) of the property.
ARV should be supported by a thorough analysis of sales data from comparable properties. This should be further supported by an appraisal and/or Broker Price Opinion (BPO). We will likely order our own BPO and appraisal to verify your analysis.
You should supply us with a detailed statement of work with line item costs of all the repairs you plan to make. This should be supplemented with a home inspection report which we may confirm with our own inspection.
You should outline your exit strategy. Do you plan to sell this to an owner occupier or an investor who will rent it out? Maybe you plan on refinancing the property with a traditional mortgage and holding it as a rental. Let us know as this can impact the market risk of the project.
Send us pictures of the property which show its current state and key areas of the home that you plan on improving.
More is better when it comes to how much information you share. We make it easy on you by allowing you to submit all relevant information on our platform.
Maintaining and growing a network of private lenders is time consuming and inefficient. Furthermore, your network has limited capacity and may not always be able to fund your next great project. Working with RPIP provides you with a number of advantages:
- You gain access to a growing network of Accredited Investors who are interested in lending capital to projects like yours. This allows you to focus on finding great projects and getting them market ready. Let us take care of bringing the investors to you.
- The more successful you are the more investor interest you'll get. A history of each one of your projects is maintained on the platform. This allows investors who are new to your business to learn about your track record of success. This helps them get comfortable with you and saves you time from maintaining your resume.
- Investors can get started investing in your projects with as little as $5,000. This means they can get to know you with a lower investment entry point. After they get to know you better, they can commit larger amounts to your future projects. We handle all of the paperwork, tax filings, and investment contracts so you can focus on completing your projects successfully.
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Real Property Investment Partners is a leading lender in the Mid Atlantic seaboard specializing in financing residential and rental properties.