Question 1

What are the initial steps to apply for a loan with Funded Capital?

Accepted Answer

Start by filling out our online application form or contacting us directly. We’ll gather basic information about you, your investment experience, and the property or properties involved.

Question 2

What documents are required during the application process?

Accepted Answer

Commonly required documents include proof of ownership (if refinancing), recent bank statements, property details, and renovation plans for fix-and-flip or new construction loans. For DSCR loans, rental income documentation may be needed.

Question 3

How long does the application process usually take?

Accepted Answer

Our initial review typically takes 24-48 hours. Once your application is submitted with all necessary documentation, we can often close within 10 days for fix-and-flip loans and 2-3 weeks for other loan types.

Question 4

Do I need a property under contract to apply?

Accepted Answer

For fix-and-flip and new construction loans, it’s ideal to have the property under contract to expedite the process. However, we can pre-approve you based on your financing needs, so you’re ready to act when the right property is secured.

Question 5

Can I apply for multiple loans simultaneously?

Accepted Answer

Yes, if you’re working on multiple projects, you can apply for multiple loans. Our team will review your applications based on your experience, financial standing, and project scope.

Question 6

How is my credit score factored into the application?

Accepted Answer

We consider your credit score as part of our assessment, but our focus is on the investment property’s potential and your experience. Even with a lower score, you may still qualify based on the property’s value and cash flow potential.

Question 7

Can I reapply if my application is declined?

Accepted Answer

Yes, if your initial application is declined, our team will provide feedback on the reasons and suggest any adjustments that could help you qualify in the future.

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