We do not have a pre-payment penalty, we simply have a 6 month minimum earned interest,

Loan is typically calculated using the hard costs of the project. The hard costs are purchase price + any construction costs

We use a third-party inspector Asset Evalution Services. Pay Apps are submitted to AES via mobile app. The AES team will review the presented data for accuracy and compliance and relay that information to our team. Once reviewed and approved, payment is released. This is generally completed in as little as 48 hours. Click here to view a sample AES Pay Application,

Documents vary by Loan type but we generally are looking to verify an ability to service the monthly note & an exit strategy to repay the loan. Some common documents are Tax Returns and Bank Statements, Line Item Construction Budget.

What is your approval process?