Borrower Services
“If you have
the real estate equity and a good plan we have the bridge
money”
Private money lending refers to loans collateralized by real estate,
with the decision to make a loan based primarily upon the
protective equity in the property. To a lesser
extent, the borrower's credit history is
also considered.
Creativity and flexibility are fundamental to our business
Private
money loans are needed when a borrower and/or a property fall
outside the underwriting guidelines of conventional sources such as
banks, life insurance companies, and conduits. The primary credit decision of
those types of lenders is based upon the borrower's credit and income.
Reliability of service is the foundation from which Applewood has
grown
Applewood solicits, underwrites, processes and funds private money
loans secured by the equity in real estate. After each request is processed,
those that are approved are funded. The normal time to complete
the processing and funding is 7 to 21 days.
Speed is a primary service at Applewood
Lending Parameters »
Loan
Application »
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