Frequently Asked Questions
You will find answers to your questions about our services here
Where do you lend?
We lend in 32 states and growing. Please visiting our lending states page.
How Does the 0% Down Payment Loan for Fix and Flip work?
We fund up to 100% of your purchase price and rehab budget. No down payment required for purchase. Borrowers only cover closing costs.
How Does the No Monthly Payment for Fix and flip work?
Monthly Payments are rolled into the total loan amount at closing. Borrowers will not be required to make any monthly payment for term of loan.
Do you require Tax Returns or W2 ?
No tax returns or W2 required for fix and flip and rental loans.
How quickly can you close?
Closing timeline is as low as 10-20 days.
Do I need good credit to get a loan?
Minimium FICO score eligible is 620.
Do I need cash to close?
Yes, though we fund your project 100% borrowers are required to cover closing costs.
Do I need experience to close?
No experience is required for some products. Consult with your loan officer for more details.
Will you finance loan points?
No all closing costs required to be paid at closing.
How do I start?
What initial paperwork do you need?
What is your typical loan structure?
Do you require personal guarantees of the principals?
Will you take a 2nd lien position on a loan?
Do you offer new construction financing?
Are you a direct lender?
How soon can I expect a preliminary approval from Goldman Funding?
Will you roll loan costs into the loan?
Do you offer discount pricing for return borrowers?
What is the minimum credit score you require for a loan?
What income requirements do you require?
Do you ever speak and meet with the borrower directly?
What are your lending limits?
Will you lend 100% purchase price?
Will you lend 100% of rehab costs?
Are there any properties you do not lend on?
THE POWER OF PRIVATE MONEY
Goldman Funding provides fix and flip loans & commercial bridge loans for investors purchasing residential and commercial properties. Our in house underwriters will take your deal from pre approval to closing quickly. Our goal is to help real estate investors, business owners and contractors to access capital to purchase and rehab properties.
Loan Amounts: $100K – $40M
Points: As Low as 0%
LTV: Up to 85%
Payment: Interest Only, 30 Year Fixed, ARM
No Prepay Penalty: Payoff the loan at anytime
Rates: Starting at 5.99%
$1,495 Doc Fee
Term: 12-48 month Bridge or 30 Year Fixed
Property Types: 1-4 Units, Multi Family, Mixed Use, Reatil, Office, Warehouse
Purchase & Rehab, Development, Rentals
Credit Score: 620 Minimum
LTC: Up to 100%
NO Junk Fees
NO Appraisal Required: (for active investors)
Official Location
200 Broadhollow Rd Suite 207 Melville NY 11747
(631) 602-0460
Sales Department
hedwards@goldman-funding.com
(631) 602-0460 ext 1
Underwiring Department
hedwards@goldman-funding.com
(631) 602-0460 ext 2
Goldman funding partners is the leading hard money lender to Nationwide real estate investors.
Resources
Private Lender For Real Estate Investors
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