At Scottsdale Private Lending, we underwrite and close quickly, understanding that speed and efficiency, along with reliability, are critical to the success of our borrowers. We are not credit score driven as in the case of banking institutions and our common sense underwriting is based on the experience and integrity of the borrower and the value of the underlying real estate.
Below we have illustrated in more detail the types of loans provided at Scottsdale Private Lending.
We fund a myriad of existing commercial real estate properties including office, retail, industrial, multifamily, both investment and owner/user scenarios. This includes stabilized property, mismanaged, vacant, turnaround situations, and transitional properties.
Scottsdale Private Lending can quickly navigate through the most challenging projects. This can include funding subdivision improvements, both onsite and offsite. We can fund the project from beginning through vertical construction, which can include entitlements, engineered paper lots, finished lots to model or spec homes. Simply put, we understand this type of lending and can help the borrower get their project out of the ground and on its way to making money.
We can fund second homes or investment 1-4 residential properties with no restrictions as to the number of currently owned properties held by the borrower. We can also provide holdbacks for minor repairs to complete renovations. Financing can be provided for purchase or refinance, including cash out.
Scottsdale Private Lending has many years experience in this type of lending, which translates to a complete understanding of the challenges that come with owner-builder financing, repurpose, build to suit and spec construction. We can help eliminate the bottlenecks that can come with dealing with multiple draw construction loans, complicated budgets, on-site inspections or broken priority construction loans.
This shorter term interim financing of fix and flips can range from a simple budget of paint and carpet to an extensive remodel that takes the home or commercial building down to the studs or includes a major room or entire wing addition. We can customize a term of varying length depending on the complexity of the project, and of course will oversee and disburse all monies with a draw system that makes sense and satisfies all trades involved, namely getting them paid quickly when the work is done. When there are several major subcontractors involved, we will typically write two (2) party checks for additional security.
Scottsdale Private Lending, LLC is an Arizona Licensed Mortgage Broker MB:0928434 NMLS: 1240417
7904 E Chaparral Rd, #A110-443, Scottsdale, AZ 85250