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Business Purpose Loan
About
Rapid Funding for Real Estate Visionaries
Full cycle Funding is a seasoned business purpose loan lender with a rich history spanning over 20 years in the dynamic world of real estate and fix-and-flip investing. Our deep-rooted experience has honed our ability to understand the unique financial needs of investors like you.
We've navigated the complexities of the real estate market, witnessing its ups and downs. This firsthand knowledge empowers us to provide tailored lending solutions that cater to the fast-paced nature of fix-and-flip projects. Our commitment to speed, flexibility, and reliability sets us apart.
Whether you're a seasoned investor or just starting your journey, we're here to support your goals. Our business purpose loans are designed to offer quick access to capital, enabling you to seize opportunities as they arise. Let our expertise be your advantage.
Apply today or book a call to unlock your investment potential.
Do you qualify for a business purpose loan?
Fix and flips
Investment Property Equity Release
Investment Property Equity Release
Investment Property Equity Release
Investment Property Equity Release
Investment Property Equity Release
New construction
Investment Property Equity Release
New construction
Take the next step in your Business project
Apply Today or Book a Call to learn more
Same Company, Same Great Service
Testimonial Video 10/14/2024
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Hours
Open today | 09:00 am – 05:00 pm |
Frequently Asked Questions
For a personalized consultation and to discuss how we can tailor our services to meet your specific needs, we invite you to submit a loan application or book a call to speak with us directly.
A business purpose loan is a short-term loan secured by real estate property. Unlike traditional mortgages, business purpose loans focus on the property's value as collateral rather than the borrower's credit worthiness.
Business purpose loans typically have higher interest rates and shorter repayment terms compared to traditional mortgages. However, they offer faster approval and funding processes, making them ideal for time-sensitive real estate investments
Loan terms vary but typically range from 6 to 12 months. Interest rates are generally higher than traditional mortgages, and there might be additional fees.
The loan amount is usually determined by the property's value. Lenders typically offer a percentage of the property's after-repair value (ARV).
Required documents typically include the property purchase contract, property appraisal, and proof of funds for closing costs. Additional documents may be required depending on the specific requirements.
Business purpose loan approvals can be significantly faster than traditional mortgages.
The process can be completed in as little as a few days.
LTV is the percentage of the property's value that a lender is willing to lend. It varies depending on the lender and the property type.
Unlike traditional mortgages, business purpose loans typically do not require excellent credit scores.
The property's value is the primary focus. In the application process a credit check will be required.
Yes, business purpose loans are commonly used for fix-and-flip projects due to their speed and flexibility.
While it's possible, business purpose loans are generally not ideal for long-term rental properties due to higher interest rates.
No, business purpose loans can only be approved for non homestead properties used for business use.
Business purpose loans carry higher interest rates and shorter repayment terms compared to traditional mortgages. If the property value doesn't increase as expected, borrowers may face challenges in refinancing or selling the property. This is why there is a thorough approval process to assess the risk.