When a bank turns you down and you aren’t sure who can help, Propel is here for you.
Unlike a traditional bank, Propel Real Estate Capital can offer extended benefits to help you and your clients fund projects fast and efficiently. From simple fix-n-flips to complex underwriting we have the in house expertise to always bring home a winning deal. We like to think of it as The Propel Advantage:
- Flexible Terms and Conditions
- Interest Only and Full Amortization Payment Options
- Solutions Focused Lender
- Common Sense Approach to Underwriting
- Able to Refinance Existing Loans that are Maturing
- We Underwrite the Asset!
- Minimal / Light Documentation
- 3 Months Banks Statements, No Income Verification
Frequently Asked Questions
How is Propel Real Estate Capital more effective than a bank?
Propel can be more effective than a bank because we operate solely to provide lending solutions to our clients. We focus on you and your lending needs and can dedicate resources to provide faster response times and more agile loan packages. We might also beat your banks rates and can lend where banks may not be willing or able.
I am a Broker, can I send you deals?
Absolutely! Our company is strongly represented by our brokers and individual borrowers alike. We look forward to helping brokers find a home for their deals no matter what complex issues may appear to stand in the way. For more information and a link to our resources, check out our Brokers page.
Do you require a lot of documentation for a loan?
Depending on your loan type, we do require standard documents like credit authorizations, statements of work, rent rolls, and other basic financial documents. We typically do not need income verification.
Have questions about our programs and lending criteria?
Check out our Loan Programs page to see how Propel Real Estate Capital can craft a specialized Propel Advantage deal for you.
Propel Real Estate Capital Lending Parameters
Dependent on LTV, DSCR, Real Estate Asset, Borrower Experience
Minimum Credit Score
Ineligible properties include, but are not limited to: funeral homes, gas stations, churches, junk yards, submerged land, RV sites, assisted living facilities, railroad facilities, dairy farms, feed lots, cemeteries, land with environmental contamination, prisons, recycling centers, casinos, or an unbuildable parcel.