We have a background in construction, lending and real estate investing and we have been in your shoes. We understand the importance of getting a deal approved quickly and efficiently. We also understand the importance of creating a construction draw schedule and releasing and funding draws in a timely manner.
What are your terms?
Generally speaking our rates are 10-13% with 1-3 points charged at closing. For more details, please contact us or see our programs page.
Where do you lend?
Currently First Equity Funding only lends in New Jersey, New York, Pennsylvania, Washington D.C., and Florida.
How long does it take for you to approve loans?
We have approved loans in as quickly as 3-5 days however we feel a normal approval time from initial application to funding is about 2-3 weeks. Some loans can take longer to be approved but this delay is usually caused by incomplete applications, insufficient documentation, etc.
Who creates the construction draw schedule?
We work directly with the investor and contractor to customize each draw schedule so it makes sense for all parties.
How quickly are construction draws released?
We try to complete draw inspections with 24-48 hours of the request. Once inspection is complete we try to disburse funds within 24 hours.
What documents are needed for loan approval?
Please go to the apply now section for full details.
Do you work with brokers?
Yes, please go to the brokers section of our site.