Step 1: LOAN SUBMISSION

• It is as important to us to learn about you and your vision as it is to learn about the project you are seeking to fund. 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. Some items that we need include: Address • Acquisition Cost • Project Exit Value • Budget • Previous Experience • Verbal Credit Score • Cash on Hand
  
  

Step 2: LETTING OF INTENT

• BD Capital has a professional team of construction, underwriting and transaction experts. “Speed to offer” is important to you and a focus of ours. Once we have agreed on terms, the LOI is sent for signature and a processing deposit is collected that is credited at closing.
  
  

Step 3: UNDERWRITTING

• Phase 1 Borrower Deliverables: Processing Deposit Received • Authorization Form • Attorney / Title Contact Information • Purchase Agreement • Itemized Budget • Plans / Drawings (if applicable) • LLC Paperwork • Borrower Experience Documentation • 2 Months Most Recent Bank Statements • Photo ID
• Phase 2 Borrower Deliverables: Personal Financial Statement (PFS) • Real Estate Owned (REO) • Property Insurance and Liability Insurance • Survey (if applicable)
• BD Capital Generated Deliverables: Appraisal • Background Check • Credit Report • UCC, OFAC, Bankruptcy, Judgment/Lien Searches • Property Inspection • Zoning Review • Budget Review • Sponsor / General Contractor Vetted • Flood Certificate
  
  

Step 4: CLOSING

• BD Capital has never missed a Closing Date. One of the many reasons is because we set all expectations on Day 1. Once Step 3 is complete, your closing date is scheduled. BD Capital works with the title company to ensure a smooth transaction.