Frequently Asked Questions

• Fewer requirements than more conventional lenders.
• A simpler and quicker application and closing process.
• Being able to borrow against vandalized and seriously damaged properties.
• Less scrutiny of the borrower’s personal financial situation, including income and historical tax returns.
• Borrowers can allocate less time to seeking financing and instead concentrate on other activities.
• Focus on the merits of the specific loan under consideration vs. the borrower's credit and documentable income.
• Borrowing by self-employed borrowers is easier.

This varies a lot based on property type, loan scenario, LTV and loan amount. Smaller loans with lower LTV on more traditional properties have less documentation requirements. We look at the “exit strategy” of the loan scenario also.

At Red Tower Capital, we determine loan amount by internal underwriting taking into account any 3rd party appraisal or BPO.

No, a borrower can still qualify with credit issues, as we can also look at income, assets, LTV and/or exit strategy to help qualify the borrower.

Usually between $100,000 and $20,000,000.