Still have questions? We've got answers. Contact us here.
Start with our easy, online five-minute application. Depending on the type of loan you need, we'll follow up for more information or get to work finding a lender for you.
We will respond to the initial application within 24 hours, and borrowers usually receive their funds within seven to 21 days.
The only start-up financing we handle are SBA 7(a) financing, equipment financing, and loans against ones stocks (commonly-used to fund franchise businesses).
We are really geared toward alternative small business financing programs and SBA (Small Business Administration) 7(a) loans designed specifically for small to medium sized businesses that may not qualify for traditional business loans. We have developed strong relationships with lenders that handle any and all types of alternative financing. With that having been said, we also have hundreds of lenders that are small banks, credit unions, and community banks.
We handle all commercial loan sizes from $5,000 for small merchant cash advances, to well over $20,000,000 for middle-market financing facilities.
We work with every and all types of industries. We are experts at helping Small - Medium size businesses obtain the financing they need when they need it the most!
Start with our easy online 5 minute application
You can borrow from $10,000. There is no interest until you use the funds and no collateral required.
Business credit cards are great for small, everyday business expenses. An unsecured line of credit provides longer-term financing in larger amounts with lower interest rates.
Still have questions? We've got answers. Contact us here.
Start with our easy, online five-minute application. Depending on the type of loan you need, we'll follow up for more information or get to work finding a lender for you.
We will respond to the initial application within 24 hours, and borrowers usually receive their funds within seven to 21 days.
We've funded apartment buildings, strip malls, office buildings, churches, hotels, restaurants, mixed-use buildings, and more. Fill out our five-minute application to find out if your project qualifies.
We do not broker owner-occupied residential mortgages.
We offer an array of hard money construction finance loans for new commercial projects.
Yes! It may be used as cross-collateral or used for a cash-out refinance. That is a great strategy! If you have properties that are completely paid for with no liens against them, we can do a cash-out refinance to provide funds for other non-owner occupied investments. You can also use them as cross-collateral for your real estate investing. We use both your subject property and your free and clear property as security for the loan. In doing that, we can lend up to 65% of the as-is combined value of the two properties. That is often enough to purchase your subject property and rehab it. If you have free and clear properties, mention that on your next deal!
Our decision is based on the property, the type of transaction, and your membership in any of our special programs. For most transactions we will lend up to 90% of the purchase price or 65% of the as-is or after-repair appraised value, whichever is less. Ask a loan officer about the special terms available through our membership programs and special purpose loans.
Yes! Ask a loan officer for more details. If you provide more than one property as security (as described above in regard to cross-collateral) we can provide 100% financing. If you don’t have free and clear property, find a partner that does! Sharing half of a nice profit beats not being able to do the deal! Many of our investors also use seller-carryback to do the same thing. We recommend finding deals and purchasing property below appraised value as the best way to secure 100% financing.
Look for people that have a need to sell and get to them before your competitors do. The simple answer is: wherever you have the least competition. The harder they are to find, the less competition you will have, and the better your chances for a good price. It requires work, but it is work that can end in a deal with profit as opposed to work that spins wheels but never gets a profitable deal. For instance: talk to probate or divorce attorneys, find ugly houses, contact out-of-state owners, etc. Be creative!
Primo Capital requires a recent (less than 90 days old), independent, standards-based, third party, as-is evaluation of every property used as security. BPOs, CMAs, or outside appraisals do not generally satisfy all those requirements. Your best bet: Go with ours. They are performed by local appraisers in your market, working at competitive rates, and doing the appraisal the way we need it to be done. The appraisal report will come to us and you will receive a copy.
Our loans are asset-based and our decisions are logic-based. That means we base our decisions about funding and rates on the perceived risk associated with the property. If you have a property under contract, submit it. Our rates are competitive in the private money market but we save our best rates for our best clients. Get started today to become one of those repeat, best clients! Get a property under contract and submit it!
Rates are determined by the going rates for appraisals in your market. This could vary between $300 and $600 (or more). The appraisal price also depends on the property type and location. A typical single family residence, condo, townhouse, or manufactured home may cost between $395 and $575. Multi-family units may cost between $550 and $645. If the property is in a rural area, it may cost more because of added drive time or appraiser availability.
Yes, if you create an LLC, a corporation, an IRA, or a trust before the close of escrow.
Our funding is solely based on properties you already control via ownership or contract. We cannot provide cash in advance for auctions that require immediate payment. Since all loans are asset-based, we must have a lien as security on property you own. The primary way to procure funding prior to getting a property under contract is to have another property that is free and clear and take out a loan against it. Alternatively, you can find a professional auction bidder who will supply the bidding presence and the purchase cash in exchange for a fee (often $5-10 thousand or a percentage) with the rest of the funds paid later at close of escrow.
Yes, for the right deals. If the numbers work and we think the deal will be profitable, we will loan on the After Repair Value (ARV). We recommend you have solid experience doing or managing such repair work. You will need to supply licensed contractor bids as well as meet certain other requirements. Bring us the deal and let’s discuss it.
Depending on the type of financing you need, our team will review your assets and the property's value and either connect you with one of our reliable lenders or issue a hard money loan.
If your state is not listed, we can refer you to one of our lending partners to help meet your needs.
Stay updated on the latest news and developments. Sign up below.
