Hard money lending in SC, without the mystery.
The questions Charleston investors are asking us — and our straight answers.
What's your interest rate and what fees do you charge?
12% interest rate. 2 origination points. That's it.
No processing fee. No underwriting fee. No appraisal fee. No prepayment penalty. No extension fee if your project runs long. No minimum interest period. No payoff fee.
The 2 points and the 12% rate are your only costs.
Why do you charge points in SC when your AZ program is zero-points?
South Carolina is a newer market for us. In Arizona, after funding 1,700+ deals over the past 12 years, our scale and efficiency allow us to operate on rate alone with no points.
As we expand into South Carolina, there are meaningful costs involved in opening and supporting a new market — building local infrastructure and relationships, new client outreach, establishing vendor networks, and supporting lower initial loan volume.
The points and fees help offset those startup and operating costs while we continue to grow our presence in the region. As volume increases and the market matures for us, we'll continue to evaluate our pricing structure.
We believe in being straightforward and transparent about how and why we price our loans.
Where in SC do you lend?
Across the Charleston Lowcountry — including Charleston, Mount Pleasant, North Charleston, and Summerville. We'll consider deals throughout the tri-county area on a case-by-case basis. If you're not sure whether your area qualifies, just give us a call.
What's your timeframe for approval?
Typically within an hour. In some circumstances loan approval will take up to 24 hours.
Do you require an attorney for SC closings?
South Carolina law requires an attorney to oversee real estate closings. You can use your own closing attorney, or we can recommend one of several Lowcountry attorneys we work with regularly.
Will you lend on my homestead?
No. Our loans are for non-owner-occupied investment properties only.
Do you pull credit?
No. Our loans are primarily asset-based, so our main focus is the value of the property. If the deal makes sense on paper, we fund it.
Do I need to have flipped houses before to get approved?
No. We work with first-time flippers and seasoned investors alike. If the deal makes sense on paper, we fund it.
How fast can you actually fund?
Same-day, in many cases. The bottleneck is usually the closing attorney's prep time. As soon as the closing package is ready, we wire the funds.
Do you offer construction loans?
Yes. We work with builders and developers on new builds, major renovations, and rehab projects. Give us a call to discuss your project.