Greenbriar Lending: A private direct lender specializing in real estate investment financing
Greenbriar Lending is a private direct lender specializing in real estate investment financing. Headquartered in Rockville, Maryland, the company primarily serves the Maryland, Northern Virginia, and Washington D.C. regions. It aims to provide flexible, efficient funding solutions tailored to real estate investors, emphasizing speed and adaptability for short-term investments.
Key Features of Greenbriar Lending
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Loan Offerings:
- Greenbriar Lending focuses on funding single-family homes with a minimum after-repair value (ARV) of $100,000.
- Loans cover up to 65% of the ARV, factoring in repair costs, which are held in escrow and released as work progresses.
- Loan amounts range from $50,000 to $1,000,000 or more, and terms are typically 9-12 months, with extension options available.
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Streamlined Application Process:
- The company simplifies lending by focusing on property value and potential rather than extensive personal financial documentation.
- Borrowers can apply online and often receive pre-approval letters to strengthen their offers.
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No Prepayment Penalties:
- Greenbriar does not penalize borrowers for early repayment. This flexibility aligns with the fast-paced nature of real estate flipping.
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Borrower Requirements:
- Borrowers must provide LLC documentation, a contract for the property, and a scope of work for renovations.
- While the company is lenient with credit requirements, having some cash for closing costs and a viable deal are crucial.
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Support for Renovations:
- Greenbriar provides construction escrow services, releasing funds as renovation milestones are achieved. This ensures the funds are utilized effectively while minimizing risk.
Philosophy and Approach
Greenbriar Lending’s ethos revolves around fostering profitable deals for its clients. By tailoring financing solutions to the needs of real estate investors, the company emphasizes building long-term relationships based on trust and success. Borrowers can expect personalized guidance and flexible solutions for unique investment scenarios.
Why Choose Greenbriar Lending?
For real estate investors seeking fast, flexible, and straightforward financing options, Greenbriar Lending presents a compelling choice. Its focus on ARV-based lending, lack of prepayment penalties, and commitment to customer success make it an excellent partner for flipping and other short-term property investments.
For more information, visit their official website.
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