Application Process
A&J Realty Fund requires basic documentation to review & underwrite the loan. This includes an application, credit Authorization, financials (proof of funds), renovation estimates, and documentation on the business entity.
Yes. To ensure a swift loan closing, we recommend allowing us to handle the appraisal process. However, if you already possess a completed appraisal, we'll consider utilizing it post-evaluation.
*We can get you a loan commitment the same day from receiving a complete application packet, and close within five business days of appraisal and title.
No, we do not require a survey, however, we require survey coverage on the title insurance policy.
Yes. Contact us for all down payment options and details.
Yes, we can provide you with a pre-approval letter after you submit your application packet.
Loan Products
We lend nationwide to commercial, residential, non-owner occupied properties in A, B, and C class areas.
We specialize in providing short-term/bridge financing (12-24 months) to real estate investors, flippers and rehabbers who are able to purchase non-owner occupied, residential properties at a 30%-50% discount. Properties such as foreclosures, REOs, Short Sales, Owner Direct, etc. The property gets rehabbed then re-sold within 6-12 months for a profit.
Rehab funds are escrowed and managed by draws. Draws are released AFTER a milestone has been verified complete by one of our certified 3rd party builder's control company. Once the work scheduled for Draw #1 is verified complete, we then release the draw. In addition, we require rehab funds to first go towards buying material, and whatever is left over can be applied to labor cost.
Yes. In fact, we prefer lending to domestic single-purpose business entities such as a LLC or Corporation. As part of the due diligence process, we must review the governing Company by-laws or operating agreement and verify the individual(s) are authorized to sign documents on behalf of the entity.
Rarely. For us to consider a 2nd position loan, the LTV must be significantly low. In addition, we must carefully review the terms of the 1st position loan to see if it fits our criteria. 2nd position loans are riskier loans resulting in a higher loan cost to the borrower.
White Label Broker Program
A&J Realty Fund provides straightforward referral options for brokers, with compensation based on the broker’s level of involvement and the specific loan scenario. Whether you’re looking for a hands-off referral or more active participation, we offer flexible options to suit your needs.
