I Need 100% Financing. Can you do that ?

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.

What Are Your Rates And Loan Origination Fees?

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!

How Does Cogo Capital Decide How Much To Lend?

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.

How Long Does It Take To Close A Transaction From Start To Finish?

Three to four days after we receive all required documentation, which can often take three to four weeks. Though we can do it faster, a good estimate would be three to four weeks after we receive the basic application package. The key factor is the amount of time it takes you and your team to supply all the supporting documentation. We can do our part in 3-4 days, but first-time borrowers rarely get us the documents quickly enough and complete enough to meet that. Go for 30 days or more whenever you can. Remember: if time to close is a factor, you probably have competition. Competition does not usually translate into a good deal. Forget such a deal and go find a good one! (Admittedly, sometimes other factors dictate closing time. If that’s the case, bring us the deal and let’s discuss it!)

Can I Use My Free And Clear Property To Fund Future Non-Owner Occupied Investments?

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!

I’m A Sole Proprietor. Can I Still Get A Loan?

Yes, as long as you have a legal business entity setup like a registered LLC, a corporation, an IRA, or a trust before the close of escrow.

What type of deals do we lend on ?

We’ll lend on all types of good residential real estate deals.  Wholesale, Fix & Flip, and even Buy and Holds.  

Do you do short term and long term loans ?

We do both short term loans, and long term real estate loans.  Short term loands are considered 6-24 months and long term loans are 24 months and more.  

What if I find another lending company that's cheaper ?

We are the Nations #1 Private Money Lender.  If you find another company with cheaper rates we’ll beat any competitor.