Questions? We have answers.
1. What Services Does Equal Management Solutions LLC Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and high-equity off-market property leads, so you are not competing with other investors in your area.
2. What are the benefits of private money lending?
Benefits include quicker access to capital, flexibility in loan terms, no minimum credit score requirements, and the ability to secure financing for properties that may not meet traditional lending criteria.
3. Are you a Lender or a Broker, and are there fees or commissions involved?
We are both a lender and a broker. If, for any reason, we can’t provide the funding you need, we have a large network of other lenders we work closely with and can broker the funds to you. We prioritize providing investors with the best rates and the quickest closings available. If you need 100% funding, we also offer split equity opportunities to cover your purchase, rehab, and closing costs. Regardless of the loan type, there is always a 3% broker fee, which is standard in the industry.
4. How do you decide the amount to lend?
It is based on the asset you have under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab cost. Ask us how you can get up to 100% financing.
5. I need 100% financing. Can you do that?
Yes, when joint venturing with us, we can provide up to 100% financing.
6. What Does True 100% Funding Mean?
We will lend up to 100% towards your purchase, rehab, and closing costs—up to 70% of the ARV—when a joint venture is established between Equal Management Solutions LLC and the borrower.
7. How long does it take to close a transaction from start to finish?
About 14 days after we receive all required documentation. However, gathering all necessary documents can take three to four weeks. The key factor is how quickly you and your team supply the supporting documentation. We can do our part in roughly 14 business days, but investors seeking funding often delay the process by not providing documents in a timely and complete manner. Aim for 30 days whenever possible. Remember: If closing time is a major factor, you likely have competition, and competition rarely translates into a good deal. Bring your deal in to discuss it with us.
8. What Does FHA Cap Mean?
The FHA Cap represents the maximum loan amount allowed in the county where the investment property is located. To find the FHA Cap for a specific county, click the link below:
FHA Mortgage Limits (hud.gov)
9. What Does ARV Mean?
ARV stands for After-Repair Value. It is the estimated value of a property after renovations are completed.
10. What Does Asset-Based Lending Mean?
Asset-based lending is a loan where the lending decision is primarily based on the value of the real estate property under contract rather than the borrower’s creditworthiness. While a borrower’s ability to repay the loan is considered, approval and loan-to-value decisions primarily depend on the property’s value.
11. What are your Loan Terms?
- Equal Management Solutions LLC offers lending options starting at $30,000 up to the FHA Cap in the county where the property is located. Additional funding solutions are available based on the property under contract and the loan type needed.
- Rates start at 7% annualized interest, with an origination fee ranging from 0-3% and no prepayment penalties. (Rates are based on credit score, but credit score does not determine loan approval.)
- Loan Term:
- Fix & Flip: 6 months to 2 years
- Buy & Hold or Refinance: 30 years
- Only one loan is approved per applicant until a proven track record is established.
12. Do I need an appraisal, and how much will it cost?
Equal Management Solutions LLC requires an appraisal before closing. Appraisal costs vary from a minimum of $400 to approximately $700, depending on the property’s location.
13. Is a Licensed & Bonded Contractor bid required?
In most cases, we require a licensed and insured itemized contractor bid before processing the loan.
14. Is my information kept confidential?
ABSOLUTELY 100%! Your privacy is our top priority. Any information you provide remains completely confidential. If you want to work with a reliable and reputable company that treats you with professionalism, understanding, and respect—YOU HAVE COME TO THE RIGHT PLACE!
I still have questions!
Feel free to reach out to us, and we’ll be happy to answer any additional questions you may have.