Lending Specialists

FREquently asked questions

How do you apply for a loan?

  • The first step in applying for a loan is to complete the application listed on our Contact Us page.  Or, provide an application by email to Equity Based Loan at info@equitybasedloan.com.

What credit score is required?

  • At Equity Based Loan we do not require a minimum credit score. 

How long does it take to close my loan?

  • Typically, we can work to have a loan closed in less than 10 days.   However, the timeline may vary based on how quickly we receive information and how long it takes to run a title search.  There must be a clean title in order to fund.

What are your interest rates?

  • 12%, interest only.

How much money do I have to put down on a purchase loan?

  • We will finance up to 65% of the “As Is Value.”   That being said, we may be able to have a loan customized.

Can I pledge other real estate instead of a down payment?

  • Yes.  We can cross-collateralize.

Do you offer renovation funds?

  • Yes.

What is the duration of your loans?

  • Loans are customizable, of up to 3 years; this, to meet your financing needs.

Do you charge prepayment penalties?

  • No.

Copyright © 2016 Equity Based Loan. All Rights Reserved.