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FAQs

What states do you lend in?
Nationwide. Loan programs are currently available in all states except Alaska and Hawaii. Call for the latest availability.

What loan products do you specialize in?
We specialize in financing investor rehab properties or other discounted sales where the borrower is purchasing a property at a steep discount to market, repairs the property, and then resells the property for a profit within six months.

Do you have pre-payment penalties?
The minimum interest charge is 30 days, regardless of when the loan is repaid. There are no pre-payment penalties.

Can I hold title in a corporation, LLC or Trust?
Yes, but we do require personal guarantees from the entity’s principals.

Will you roll the costs of the loan into the loan?
Yes

Do I have to prequalify for every loan?
No, we perform our borrower underwriting for the first loan and periodically thereafter

Do you offer discount pricing for return borrowers?
Yes, our pricing is dependent on a borrower’s loan volume, quality of collateral property improvements and timeliness of payments

How do I pre-qualify for a loan?
Go to this link and submit your pre-qualification form

Do you lend on primary residences?
No, you can’t live in the property securing our loan

Do you provide second lien loans?
No

If I already own a property and want to improve it for resale, will you finance it?
Yes, so long as you do not reside in the property

What are your lending limits?
$50,000 and up

Do you offer 100% financing for properties if I find a really good deal?
No, no matter how good the deal, our borrowers must provide at least a 20% cash down payment. See our Loan Programs

Do you offer financing for the property improvements?
Yes, for select borrowers we offer financing on property improvements once the improvements have been made and inspected by us

What is your maximum loan to value?
Our loans must not exceed 65% of the estimated as repaired value of the property

How do you determine the value of the property?
Through a third-party BPO or in-house appraisal

What is your maximum loan to cost?
Our loans must not exceed 80% of the property purchase price

Are you a direct lender or do you just broker to investors?
We are a direct lender with control of our own funds

What types of properties do you lend on?
See CSL Underwriting Guidelines for specific property types

Are there any properties you do not lend on?
See CSL Underwriting Guidelines for excluded property types

How soon can I expect a preliminary loan approval?
Usually within 24 hours

Do you require any up-front fees to underwrite a potential loan?
No

How soon can a loan be funded?
Usually within 24 hours if all of the required documentation is provided at the time of the loan application