How is Fairview Different than other lenders?
by Glen Weinberg, COO Fairview Lending
I’m constantly asked by borrowers/brokers how Fairview is different than other lenders. First and foremost, Fairview will always provide an honest answer quickly. If we like the deal and it fits, we issue a term sheet, inspect the property, and then put the transaction into closing. It is that simple with Fairview. Below are even more reasons why Fairview is different than other lenders.
- No upfront fees or appraisals (we do an inspection free of charge)
- Quick closings on both residential (No primary residence; strictly investment properties) and commercial properties
- Local Lender only lending our own money; we provide honest answers quickly
- Ability to close transactions throughout the state of Colorado, Atlanta metro, and Chicago metro (just commercial in Chicago)
- One page loan application
- Hard money/private money loans is all we do
- No Credit score minimum; we are underwriting on the property as opposed to the borrower
- A+ rating with the BBB
- When you call Fairview, you will talk directly to the decision makers.
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Top Mistakes made by borrowers/brokers when
obtaining a hard money loan
by Glen Weinberg, COO Fairview Lending
Unfortunately there are many unscrupulous players in the private lending arena. There are many folks trying to get into the hard money lending arena that provide commitments that they can never fulfill. Just this week I spoke with a borrower who had been taken by a lender for 20k and relied on a commitment from them and never heard or saw them again. The following are five tips to ensure you protect yourself:
- Be Wary of large upfront fees
- Frequently individuals masquerading as lenders
- What disclosures should the borrower look for
- Is the full process understood from start to finish
- Does the deal sound too good to be true
Read
more.
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Frequently asked questions for Hard Money Loans
by Larry Weinberg, COO Fairview Lending
Below are a couple of the more common frequently asked questions. Fairview has assembled hundreds of frequently asked questions regarding hard money lending, underwriting, etc…
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Fairview is
actively pursuing loans in the following states: CO, GA,
and IL.
Please visit: http://www.fairviewlending.com/loan_program.htm to see
the full lending parameters
Submitting a loan is easy:
- Fill out our one page application
- We will contact you within 24 hours to discuss your loan scenario
- Fairview issues a term sheet
- Fairview performs a property inspection (No fee for the inspection)
- Title is pulled and the loan closes
- No Games/ NO BS
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