Private Lending Group Makes The Lending Process Easy!




Complete and submit the Initial Loan Application. Once submitted, your Initial Application will be quickly reviewed by our investment loan pre-approval department and you will be told what, if any, loan terms can be offered in your particular situation. If appropriate, we will issue a Letter of Intent and/or Loan Commitment based upon the facts of your Initial Application. If you are not an appropriate candidate for a hard money loan, or we cannot help you, you will be told that as quickly as possible.



After passing through the preliminary approval process, we will next ask you to provide additional information and documentation including, but not limited to, the following items:

  • Copy of Sales Contract and any deposit check
  • Copy of Driver’s License
  • Detailed list of proposed repairs and draw schedules, including material and labor costs and copies of any contractor estimates or contracts
  • Copies of any appraisals or inspection reports of the property
  • If you are an entity borrower, you will need to provide copies of all your corporate documentation
  • Addresses of any cross-collateral property, if any

Upon preliminary approval, you will be asked to pay for any property valuations, the amount of this fee will be disclosed in your Letter of Intent.


Appraisal and Title:

Upon receipt of all documentation and payment of fees for your investment loan, title to the property will be ordered and examined and, if required, an appraisal and/or property inspection will be ordered. The appraiser or inspector will contact you directly to set up a day and time for inspection. Payment for the appraisal and/or property inspection MUST be paid before inspection and is NON-REFUNDABLE. You will be told the cost for these inspections at the time the appointment is set up with you.


Insurance and Closing:

Assuming there are no appraisal, inspection or title issues, loan funds will be made available to you through a closing/settlement with a title company, but only after you have provided evidence of General Liability Property Insurance in an amount equal to or exceeding the total loan amount. If you are doing rehab work, you may be required to obtain a Builder’s Risk Policy, and if the work is being done by a contractor, he or she must provide a copy of their General Liability Insurance and Proof of Workmen’s Comp Insurance. You will be responsible for all closing and insurance costs. If you are in the negotiation process, we encourage you to get the seller to contribute as much as possible toward closing costs; your money lenders will not care and it will keep your “in” costs as low as possible.


Construction/Rehab Draws:

If your hard money loan is a rehab/construction loan, you will most likely have to establish a construction escrow with your money lender. Our money lenders generally require 3-4 draws. At each completion phase, you must call us to have a property inspection arranged. Once approval is obtained and/or mechanic’s lien waiver executed, the lender will release the draw. The final draw is NEVER released until the project is completed. You will be responsible for construction draw inspection fees, which generally range from $100.00 – $150.00. These fees must be paid either at time of inspection, or, sometimes, up-front at settlement.


Sell or Refinance:

Within the pre-determined loan term, you must sell or refinance the property to make certain the money lender receives a full payoff of his or her loan. If you planned and executed your acquisition and exit strategy appropriately, you should be walking away from the project with a big payday. You are welcome to use your pre-approval from your first successful deal to receive other loan commitments! Your approval process just got easier, as you no longer need to re-apply the next time you find your next GREAT real estate deal.

Private Lending Group makes hard money work hard for you!

There is a wide variety of investment properties that would need to be financed with an investment property loan. Some of these include:

Long-term rental properties

With many people exiting the housing market due to foreclosure or market uneasiness there are more and more people looking to rent. You can also consider looking for an investment property near a college or university, where there will be students looking for housing.

Short-term vacation rental properties

Buy that dream retirement home now and get to enjoy it on vacations while it generates income the rest of the year! (Check with your tax professional about limitations on your own use of investment homes.)

A home purchased near your primary residence

If you already own a home (and do not intend to sell it or rent it) and purchase another property you will need to obtain a second home mortgage or an investment property loan. In general unless you are near a resort or vacation community if your additional property is near your primary residence it must be financed by an investment property mortgage.


Please fill out the Loan Request Form below to Get Started

Let?s start with a couple of questions to see if your proposal is something we are interested in.

* Property State:
* Collateral Type:
* Do you live at the property?: