FREQUENTLY ASKED QUESTIONS

How do I get started?

Click on GET FUNDED NOW and fill out the online application.

Do I need good credit to get a loan?

Credit is a consideration, and could impact your rate, but each loan is looked at individually.

What are the income requirements?

There are no income requirements for borrowers.

Do I need experience to receive funding?

Experienced investors and repeat customers may get more favorable financing however no experience is required for most loan programs.

Do I need cash to close?

We provide financing for loans up to 70% of the loan-to-value (LTV) with exceptions in some circumstances. You will need to put cash into the deal if the loan-to-value exceeds 70%.

How long does it take to get loan approval?

The typical turnaround time for loan pre-approval is 48-72 hours after completing the online application.

How quickly can you close?

Most loans close within a few weeks of borrowers funding approval, however, in some cases closing can happen in as little as 4-5 days.

How far in advance do I need to apply for a loan?

There is no set time, however, any funding needed within 14 days of initial contact will be considered a rush closing and will incur additional fees.

What are the fees for a rushed closing?

For loans less than $100,000 the rushed closing fee is $1,000. For loans of $100,000 or more the rushed closing fee is 1 point (1% of the loan).

Can loans be given to an individual person?

No. Loans are only provided to business entities (i.e., LLC, Corporation or Land Trust with a personal guarantee)

Is an appraisal required to fund a loan?

An appraisal may be required to fund a loan if the real estate comparable method ("comps") do not satisfy our underwriting requirements and/or in other particular circumstances. Noble Tree Capital does not make money from appraisals as the borrower pays the designated appraisal company directly.

Do you offer discount pricing for return borrowers?

All loans are looked at on a case-by-case basis, however, our goal is establishing strong relationships with both borrowers and investors so we will always work to provide our repeat customers with favorable financing.

Can I get a loan for 100% of the rehab cost?

All loans are looked at on a case-by-case basis, so under the right circumstances we will loan 100% of the rehab cost.

What kind of properties do you lend on?

We lend on residential, multifamily-residential (4 units or less) and multifamily-commercial (5 units or more) properties. We do not lend on primary residences, co-ops, raw land, mobile homes or commercial properties. We will also do not lend in highly undesirable or war-zone areas. Every deal is analyzed on a case-by-case basis.

Do you lend in all states?

We will lend in any state so long as the project meets our requirements. There might be an additional fee to the borrow if an on-site inspection of the property is required.

Can I cross-collateralize other properties?

Yes. If you own multiple properties, we will often use one or more of those additional properties as collateral instead of requiring a down payment for your project or to increase the overall value of the loan.

Will you finance loan points?

We have and we will if the circumstances are right.

Do you provide a Proof of Funds letter?

Yes. After you have been pre-approved for one our private lending loans, your will be provided with Proof-Of-Funds.

Do you provide loans to owner occupied properties?

No. All our loans must be non-owner occupied. Our loans are made strictly to business entities.

Are you a direct lender?

Yes.

What are your lending limits?

Our lending limit is $500,000 per property.

Will you take a second position on a loan?

Typically, No. However, depending on the details of the project we might be willing.

Can I pay down my loan principle?

Yes. We will allow loan pay downs at no additional charge; however, a pre-determined pre-payment penalty might be enforced if the pay down occurs within the pre-payment penalty time frame.

What is a pre-payment penalty?

A set minimum amount of payment the lender requires, regardless of a partial pay down or an entire loan payoff during any period of the loan.

Do you offer new construction financing?

Yes, but only to experienced builders/contractors.

Do you lend to foreign investors?

We will lend to foreign investors and allow foreign investors to participate in our loan products. All funds must be in US dollars.