We keep it simple for brokers to do business with us.
Forms to do business with us:
At Equity Development we recognize that every transaction is unique. Our objective is to identify an opportunity that fits our lending philosophy, approve it and fund quickly!
Our lending philosophy:
- A Real Benefit for the Client
- Collateral (security – property)
- Capacity To Support Loan
- Story (need for the loan)
- A Realistic Exit Strategy
DEAL DESK – 1-310-737-8420
Were old school and appreciate good old fashion conversation. Well let you know up-front if we are interested and under what terms & conditions. Why fill out forms, submit paperwork & wait days just to find out what a phone call could in minutes.
Quite simply, we are here to help.
Give us a Call & find out!
The rest is a very straight forward approach – quick underwriting, candid communication, and responsive service giving us the ability to think outside the box and fund transactions effectively :
Speed
- No bureaucracy
- No loan committee
- Rapid decision making
- Swift transaction closings
- Brokers are paid out on the 1st and 15th each month.
- Broker splits are at 50 basis points up to 100 basis points on the monies funded.
- Splits are decided before loan documents are drawn for each loan.
- All brokers to have broker paper work in our office prior to doc drawing to get paid accordingly.
- Each loan file at minimum will have $695 processing and $595 administration taken off the top before commission split
Documentation
- No non-essential paperwork
- Alternative documentation
- No Doc/Low Doc Mortgages on a case by case basis.
Custom Terms
- Interest-only / amortized
- Partial collateral releases
- Ability to finance loan fees and interest carry.
Creative Options
- Cross collateralization
- Seller carry backs
- Security enhancements as additional collateral.