FAQ

Take a look and see why we are THE Hard Money Lending Solution for Real Estate Investors in North East Florida.

Got questions? ... Below you will find answers to many of the most frequently asked questions about Investment Real Estate & Hard-Money Loans.

What is a "Non-conforming Loan"?
The term "non-conforming" refers to loans that do not fit the normal criteria for institutional (bank, mortgage company etc.) type lending.

What types of Property do you lend on?
We lend on Single Family Residential Homes, Multi-Family, and vacant land.

Why use a Non-conforming loan?
It is faster and it has different underwriting guidelines so you can get the money you need quick and make the deals happen!

How do I apply ?
Call 904-730-0040 or click here .

How long does the process take?
We understand your need for quick financing. We will work as hard as possible to get you the money within 1 to 7 days.

Where do you lend?
Presently we lend in the Jacksonville Florida area, in Duval, Clay, St. Johns Counties, Tallahasse, and Daytona.

How much will you lend?
We have no fixed limits, the amount we will lend is dependant on the individual situation.

What Loan to Value will you lend to ?
We will lend up to 75% of the After Repaired Value (ARV) as determined by an appraisal.

What are the loan terms ?
Loan terms range from 1-6 months to 1 year balloon.

Can I borrow repair costs ?
We will be happy to finance all repair costs. All repair costs will be held in escrow and released on receipt of a completed Draw Request form and a satisfactory inspection.

What is the interest rate ?
Our interest rate is 14-16%.

What are the loan costs ?
Please contact us for details, you can also see the Loan Guidelines.

Where do we close the loan ?
We will close at the Title Company of your choice, or we can use one of ours.

Is there a prepayment penalty ?
No

Our Goal is to be the premier Fast, Efficient, Low-Cost Provider of Non-Conforming Loans in NE Florida

Get the process started today!

3820-2 Williamsburg Park Blvd,
Jacksonville, FL 32257

Ph:x (904) 730-0040
Fax: (904) 730-6787

Email:
info@firstcoastlending.com