HOW IT WORKS
Ensuring the loan process is swift and straightforward is paramount.
Recognizing time as the investor’s most valuable asset,
our process is designed for efficiency at every stage.
WITH YOU EVERY STEP OF THE WAY
Uncover the workings of our four-step approach.
First Contact
Step 1
Initiate the Process by Reaching Out
Explore our programs to inquire about accessing fast and affordable capital for real estate investment properties.
Document Collection
Step 2
Collect Necessary Paperwork
Upon mutual agreement, we proceed to gather the required documents. These may include, but are not limited to:
- Credit and background reports
- Real Estate experience and personal financial statement
- Scope of work and appraisal report
- Purchase and entity documents
Deal Review
Step 3
Summary of Transaction Particulars
Following the submission of all necessary documents by the investor, Musk Lending conducts a comprehensive deal review, scrutinizing the economics and loan details. Ensuring a clearly defined exit strategy is in place is crucial before embarking on any significant financial commitment.
Final Funding
Step 4
The Highlight
After finalizing all preceding steps and reaching agreements, simply inform us of your preferred time and location for the closing!
FREQUENTLY ASKED QUESTIONS
WHO IS MUSK LENDING?
Musk Lending, a private money lender, is dedicated to serving real estate investors by offering rapid and cost-effective capital for their investment properties. The lending approach of Musk Lending revolves around prioritizing the investor’s needs, enabling them to concentrate more on their investments and less on the loan process. Established by a group of real estate investors with a focus on acquiring and enhancing distressed properties, Musk Lending’s team is well-equipped to exceed expectations and aid in the growth of your real estate portfolio, catering to both experienced and novice investors alike.
WHAT DOES THE TERM “PRIVATE MONEY LENDER” MEAN, AND HOW DOES A PRIVATE MONEY LOAN FUNCTION?
As a private money lender employing asset-based lending, Musk Lending’s approach prioritizes the property more than the borrower in decision-making. The central focus is on assessing whether the borrower’s acquisition is financially beneficial, aiming to ensure the success of every borrower’s investment. Contrary to the misconception that asset-based lenders hold the deed to the property, Musk Lending records a mortgage on the property, with the deed vested in the borrower’s entity.
IS MUSK LENDING INVOLVED IN FINANCING BOTH THE ACQUISITION AND CONSTRUCTION PROCESSES, AND WHAT ARE THE MAXIMUM LEVERAGE AMOUNTS?
Musk Lending is prepared to provide financing for up to 90% of the purchase price and cover 100% of the construction cost, with the stipulation that it does not exceed 65% of the After Repair Value (ARV). It’s important to note that the extent of Musk Lending’s leverage is contingent upon the borrower’s level of experience. For instance:
- No experience (0 flips): up to 70% of purchase & 100% of construction cost.
- Low Experience (1 flip): up to 75% of purchase & 100% of construction cost.
- Some Experience: (2-3 flips) up to 80-85% of purchase & 100% of construction cost.
- Experienced (3-4+ flips): up to 90% of purchase & 100% of construction cost
- Compensating factors: If the borrower is a licensed General Contractor or Real Estate Agent then we can add an additional 5-10% leverage (however, it cannot exceed 90% of the purchase price and 65% of ARV)