Typically loan can be originated in as little (after submitting a complete and accurate application package):
-Repeat GFL Borrowers 4-6 business days;
-New to GFL Borrowers- 7-11 business days.
May take longer if required documentation is not completed quickly by the borrowers or their agents or there are unusual property conditions or circumstances.
The loan process may be halted and no loan provided if the loan is not approved or Good Funds Lending, LLC believes any of the following: (1) the likelihood of exit strategy issues are too great; (2) there is a misrepresentation; (3) Loan To Value ratios are insufficient; (4) the property or the borrowers are not qualified; or (5) other conditions and requirements are not met.
-Repeat GFL Borrowers 4-6 business days;
-New to GFL Borrowers- 7-11 business days.
May take longer if required documentation is not completed quickly by the borrowers or their agents or there are unusual property conditions or circumstances.
The loan process may be halted and no loan provided if the loan is not approved or Good Funds Lending, LLC believes any of the following: (1) the likelihood of exit strategy issues are too great; (2) there is a misrepresentation; (3) Loan To Value ratios are insufficient; (4) the property or the borrowers are not qualified; or (5) other conditions and requirements are not met.
Commercial properties include multifamily of 5 or more units).
Typically loan can be originated in as little (after submitting a complete and accurate application package):
10-20 business days.
May take longer if required documentation is not completed quickly by the borrowers or their agents or there are unusual property conditions or circumstances.
The loan process may be halted and no loan provided if the loan is not approved or Good Funds Lending, LLC believes any of the following: (1) the likelihood of exit strategy issues are too great; (2) there is a misrepresentation; (3) Loan To Value ratios are insufficient; (4) the property or the borrowers are not qualified; or (5) other conditions and requirements are not met.
Typically loan can be originated in as little (after submitting a complete and accurate application package):
10-20 business days.
May take longer if required documentation is not completed quickly by the borrowers or their agents or there are unusual property conditions or circumstances.
The loan process may be halted and no loan provided if the loan is not approved or Good Funds Lending, LLC believes any of the following: (1) the likelihood of exit strategy issues are too great; (2) there is a misrepresentation; (3) Loan To Value ratios are insufficient; (4) the property or the borrowers are not qualified; or (5) other conditions and requirements are not met.
Good Funds Lending, LLC provides short term hard money loans secured by investment properties only (not properties intended for personal, family or household use). Borrowers may not reside in the property.