Don’t let an opportunity to build your business pass you by because of the bank, a past bankruptcy, or arduous paperwork.
Traditional, bank-driven loans are generally inflexible, paper heavy, and ill-suited to meet your need for speed. At Sandstone Capital, our decisions are made by real people who have been in your shoes, not committees of actuaries removed from the real time marketplace.
You may choose a private money loan if you are a borrower and cannot obtain a loan from the bank for various reasons, need to close faster than the usual 30 day bank closing, do not want to submit tax returns and an elevated level of paperwork, and/or you just want to close a transaction privately.
Depending on the complexity of the transaction, we normally are able to fund within 5-10 days.
We finance properties ranging from Single Family Residencies, Multi-Family Residences, Warehouses, Offices, Shopping Centers, and a variety of other types of buildings. We will also consider entitled land loans.
Typically these loans do not last longer than 3 years, however we are able to offer terms for one year or greater than 3 years.
The difference between bank financing and private money is that we focus more on the property than the borrower’s past financial situation. While we do incorporate ability to pay into our analysis, the location, value, and plan for the property take precedence.
You may close through an approved entity, however, typically we will require a personal guarantee.