Our team of seasoned experts has designed an efficient process to satisfy today's investors. ReadyCap Commercial provides fast closings and a team dedicated to concierge-like personal attention. Here's what to expect.
Loan Officer and Borrower talk loan terms and rate quote
Loan Officer may issue a letter of intent
Prepare loan application and gather loan documents required for a full submission - give to Loan Officer to submit to credit
Loan Commitment provided - Borrower receives loan commitment letter with terms subject to the appraisal (typically 5 days from full submission)
Day 1: Check received and appraisal is ordered
Day 15: Borrower provides any additional requested documents to ReadyCap
Day 20: Appraisal and third-party reports are all received*
As Early As Day 30: Congrats - loan closes
*Subject to third parties.