OUR SERVICES

what we loan on

  • Non-Owner-Occupied Properties

  • The Resale Value is under the FHA Cap for the county that the property is in. Find that information HERE

  • Residential 1-4 units

  • Properties with 5 bedrooms and 3 bathrooms or less

  • Properties with 2800 SQFT or less

  • Properties with a lot size of ½ acre or less

  • Minimum Loan Amount $30,000

short term bridge loan

  • No Minimum credit scores

  • We cover up to 90% of the Purchase Price

  • We cover 110% of your rehab budget

  • Our max LTV is 75%

    • For Cash-Out loans we are capped at 50% LTV or $75,000 (Whichever is less)

  • The length of the loan ranges from 6 to 24 months

  • Our annual interest rates range from 8% to 15%

    • We invite first time investors

    • All FICO scores welcome!

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YOUR TIME IS VALUABLE

Our team at Vel Capital moves quickly, with a sense of urgency, without compromising the quality of our analysis to ensure every deal is executed promptly, accurately, and immediately.

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PROFESSIONAL GUIDANCE 

We offer a full service Private Money platform that will help you through your entire deal from application to closing. You don’t have to make multiple phone calls to different lenders for funds or worry about drafting documents.

FIX & FLIP LOAN PROCESS AND TIMELINE

(Entire Process 2 - 3 Weeks)

SUBMIT DEAL FORM

(Time Frame 1 - 2 Days)

Filled out deal form

APPRAISAL & TITLE ORDERED (Time Frame 6 - 9 Days)

  • Rehab budget

  • Payment for appraisal

  • Attorney / Title agent contact info

  • Purchase and sale agreement with applicable addendums

  • Borrower authorization for background / credit check

APPRAISAL REVIEW & UNDERWRITING

(Time Frame 2 - 3 Days)

  • Property insurance invoice / binder

  • Real estate experience portfolio

  • Photo ID

  • 2 months of bank statements

  • Completed ACH form and voided check

  • Articles of organization

  • Operating agreement

  • EIN

CLOSING SCHEDULED

(Time Frame 1 - 2 Days)

  • Signed commitment letter

  • Dependent on all above sections being completed