Private Money

AZ, CA, CO, FL, GA, HI, ID, IL, IN, MA, MD, MI, NC, NJ, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, and the District of Columbia.

• Individual(s) name,
• Inter Vivos Revocable Trust*
• US Legal Entity**
• IRA LLC (Checkbook IRA)
• *Inter Vivos Revocable Trust vesting is not allowed in Florida.
• **Vesting as an Individual is not allowed in Georgia. Investor/Sponsor must vest in the name of a legal US Entity (LLC or Inc.).
• Florida
• Inter Vivos Revocable Trust vesting is not allowed.
• Georgia
• Vesting as an individual is not allowed. Investor/Sponsor must vest in the name of a legal US. Entity.
• Virginia
• Vesting as an individual is not allowed. Investor/Sponsor must vest in the name of a legal US Entity.

Yes, IRA LLCs (Checkbook IRAs) are eligible investors. The requirements for
IRA LLC's are as follows:

The sole member must be a self-directed IRA.

• The manager must be the IRA holder.
• Fully Executed Operating Agreement
• Borrower Resolution authorizing the IRA LLC to enter into a loan transaction with us.
• Personal Guaranty must be obtained from the investor/sponsor.
• Corporate resolution from IRA custodian.

• The minimum down payment on a purchase is 20%.
• The location of the property and the strength of the borrower will ultimately determine what the required down payment will be.

1. The application can be completed in the portal.

2. Driver's License

3. 2 months most recent bank statements

4. Fully executed purchase contract if the transaction is a purchase.

5. Most recent mortgage statement or payoff demand if a transaction is a refinance.

6. Entity Documentation for LLC or Inc. if you are vesting in an Entity.

7. Lease Agreement for the subject property if you currently already have a tenant in place.

8. Rehab submission package and rehab budget if rehab financing is requested.

9. Insurance declaration if available.

As opposed to Hard Money which does not lend directly and sources its funds from high-net-worth individuals or crowd funders, Institutionalized Private Money lends directly to the borrower and is backed by Wall Street.

• A quick close. Our loans typically close within 7-10 business days.

• Time to increase their credit scores to qualify with a Conventional or Non-QM lender.

• Time to file their tax returns.

• Also, private money can help investors who:

  • Are self-employed and cannot qualify traditionally due to their Tax Returns not showing enough income.
  • Have reached the maximum number of loans they can finance traditionally. Here at Advanced Credit, we do not calculate DTI, we do not verify income, and we have no cap on the number of investment properties that are financed.

We pride ourselves in the experience that we provide to our clients. This starts with our primary portal, Origin8, which allows our clients to enter an application from their desktop or cell phone, safely upload sensitive documentation, view their loan with transparency online, and/or price out a loan scenario.

• Compliance
• Quick Decision
• Here to Help
• The 3 Pillars
• Experience
• Common Sense
• Responsiveness
• In-House Processing
• Simple Terms
• Efficiency & Transparency

On average, we close between 7-10 business days. Depending on the complexity of the transaction details and the cooperation of all parties involved, funding can occur as quickly as 5 days after a full submission is received or longer than 10 days.

We do not offer a Foreclosure Bailout Program. No active Foreclosures or Bankruptcies will be considered.

Yes, we offer and specialize in blanket loans. We can have up to 10 properties in one loan. All of the properties will have to be in the same state.

Yes, we offer rehab financing up to 100% of the rehab budget. The amount financed is determined by the borrower's level of experience and will range between 80%-100% of the rehab budget. These funds will be disbursed from a holdback account on a draw schedule.

No, our lender is an As-Is Lender. When we finance the rehab along with the acquisition of the subject property, we use the AS-IS value to determine the base loan amount and leverage. The base loan amount plus the rehab financing amount is all on the same note, and that total loan amount may not exceed 70-75% of the ARV.

Residential Investment Properties: Attached and Detached SFR, 2-4 units, Townhomes, Condos, Manufactured and Modular homes, and Multifamily apartments.

No, currently we do not offer ground-up construction financing.

The only commercial property that our lender currently lends on is Multifamily properties up to 100 units.

No, currently we do not offer financing on vacant land.

• Valid ITIN Number
• Valid EIN Number if vesting in an entity
• Current and valid Passport of Country of Origin
• Current and valid VISA
• Funds used for transactions come from a US bank account.

Bank Statements are a crucial item needed to help determine whether the borrower has sufficient funds to cover the down payment and closing costs needed to complete the transaction. Also, because we do not verify income, we require that the borrower has additional funds to cover a minimum of 4 months of the payment including their interest-only payment, taxes, insurance, and Association dues, if applicable.

Yes, part of the risk layering procedure is the requirement of reserves. We are a Stated Income Lender; therefore, we require that the borrower has additional funds to cover at least 4 months of the payment including their interest-only payment, taxes, insurance, and Association dues, if applicable.

Although the full balance will not be used for qualification of the reserve requirement, We will also consider retirement assets and brokered accounts on a case-by-case basis.