Are you a direct lender?
Yes, firstly, we are not brokers. We are direct lenders.
What type of loans do you make?
We offer up to 24 month interest-only loans backed by residential property.
What are your rates?
Most importantly, our rates are between 8.99-11.99%. The rate depends on the borrower’s experience, size of the project, and location of the property.
How fast can you close a deal?
Above all, our deals are able to close in as quickly as 3 days after appraisal is received.
What kind of properties will you lend on?
Overall, we lend on single-family residential and multi-family type of properties.
Is there a minimum credit score?
Yes, 600 is our minimum credit score. However, mitigating factors may be considered for borrowers with credit scores under 600.
Do you require tax returns?
No, we do not require tax returns to approve your loan.
Do you lend to first time borrowers?
Yes, Revolver Finance welcomes first time borrowers. We are here to help everyone regardless of experience. (Common FAQ)
Do you lend to individuals?
No, we do not lend to individuals. Due to the type of products we offer, all loans must be made to an LLC business entity.
Do I have to put any money into the deal?
Yes, we require our clients invest anywhere from 30%. However, our clients may be allowed to invest as low as 10% into the deal.
What are your after-repair value (ARV) requirements?
Currently, our max after-repair value (ARV) requirement is 70%.
Do you require an appraisal?
Yes, we either have an appraisal or a desktop valuation completed to determine, both, as-is and after-repair value (ARV) values.
Can you lend me money for the construction?
Yes, we can lend you money for the construction portion of your loan. As you complete the construction, a quick inspection is performed and cash will be disbursed on completed work.
How are the construction funds received?
When you are ready to request a draw, we will order an inspection. After, we then disburse the amount of money that the inspector recommends based off of the completed work.