FAQ’s
No, this is the cardinal rule of hard money lending. All loans MUST be for commercial investment purposes only.
No, you can pay our loans off at any time. Please note that we often do prepaid interest. Prepaid interest is “earned”, meaning it is nonrefundable.
Once we receive your application, we will need to get a copy of your contract, scope of work, and LLC documents to start. Sometimes we ask for proof of funds (for your equity contribution) and or other documents. Generally speaking, you are paying for convenience and we try to make the process as simple and easy as possible
This really depends on the deal itself. We look at all factors in making our funding decisions. You should expect to contribute a minimum of 10% of the loan amount to cover closing costs and prepaids.
We are competitive and want your business. Every deal is unique, so it’s impossible to tell you exact numbers without learning more about your deal. Put in an application and we will be quick to let you know what we can do.
Short answer is no. Longer answer is, we want to get to know you…We like to walk before we run. Let’s get our first deal done and then discuss doing multiple deals at the same time.
No, we provide interest only loans with up to 12 month terms.
We are under no obligation to extend your term but will do so on a case by case basis.
Call us at 301.529.2586 or e-mail us at info@greenbriarlending.com. We’d love to talk with you.
