Even the most experienced investors can dread the loan process. BD Capital is different with a focus on communication, transparency, and urgency.
Loan Submission
It is important to us to learn about you and your vision for the project. We can certainly write “one-off” loans, but BD Capital is interested in long-term relationships.
We take the time to get important information up front so that we can provide a quick Letter of Intent.
Borrower items we collect at Step 1 include:
• Address • Acquisition Cost • Project Exit Value • Budget • Previous Experience in Last 36 Months • Verbal Credit Score • Cash on Hand
Letter of Intent
“Speed to offer” is important to you and a focus of ours.
BD Capital has an in-house team of construction professionals, analysts, and transaction experts. The LOI is sent for electronic signature and an online processing deposit is collected that is credited at closing.
Underwriting
Borrower Deliverables:
Phase 1 Borrower Deliverables are mission critical to getting your loan off to a fast start so that a closing date can be established.
- Authorization Form
- Itemized Budget (needed to order appraisal and initial inspection)
- Borrower Experience Documentation – Last 36 Months
- Plans / Drawings (if applicable)
- Purchase Agreement
- 2 Months Most Recent Bank Statements Photo ID
- LLC Paperwork
- Attorney / Title Contact Information
Phase 2 Borrower Deliverables are necessary to move to closing. These documents include:
- Personal Financial Statement (PFS)
- Real Estate Owned (REO)
- Property Insurance and Liability Insurance
- Survey (if applicable)
BD Capital Generated Deliverables:
Our in-house team works diligently on your behalf to complete the diligence file. These documents include:
- Appraisal
- Property Inspection
- Zoning Review
- Flood Certificate
- Budget Review
- Sponsor / General Contractor Vetted
- Background Check
- Credit Report UCC, OFAC, Bankruptcy, Judgement/Lien Searches
Closing
BD Capital has never missed a Closing Date. One of the many reasons is that we set all expectations on Day 1.
Once Step 3, Phase 1 is complete, your closing date is scheduled. BD Capital works with a national private lending attorney in conjunction with the title company to ensure a smooth transaction.
