If you’ve ever applied for a traditional bank loan you know it can be a long and arduous process. You may be asked for bank statements, balance sheets, profit and loss statements, tax returns, credit reports and more. This makes sense, the bank wants to ensure that the person they lend to will be able to pay back the loan but is there a better option for real estate investors?
We, at COGO Capital, take an entirely different approach to underwriting our loans. We use the investment property itself as collateral after a thorough review of the deal. No longer is your bad credit history a road block to your financial freedom!
We lend up to 65% of the property’s after repair value (ARV) which is often times more than enough to fund the purchase price and rehab! Submit an application today and get funding in as little as a week!
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