Questions? We have answers.
1. What Services Does Mission Capital Solutions Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and have high equity off-market property leads available—so you’re not competing with other investors in your area.
2. What are the benefits of private money lending?
Benefits include quicker access to capital, flexibility in loan terms, no minimum credit score requirements, and the ability to secure financing for properties that may not meet traditional lending criteria.
3. Are you a Lender or a Broker and are there fees or commissions involved?
We are both a lender and a broker. If we’re unable to fund your deal directly, we have a large network of other lenders we work closely with and can broker the funds to you. This gives you more options, better rates, and faster closings. We also offer split equity opportunities that can provide up to 100% funding for your purchase, rehab, and closing costs. Regardless of the loan type, there is always a 3% broker fee—standard in the industry.
4. How do you decide the amount to lend?
It’s based on the asset you have under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab cost. Ask us how you can get up to 100%.
5. I need 100% financing. Can you do that?
Yes, when joint venturing with us, we can provide up to 100% financing.
6. What Does True 100% Funding Mean?
We will lend up to 100% toward your purchase, rehab, and closing costs—up to 70% of the ARV—when a joint venture is established between Mission Capital Solutions and the borrower.
7. How long does it take to close a transaction from start to finish?
About 14 business days after we receive all required documentation. However, gathering and submitting documents can take 3–4 weeks. The quicker you send in complete information, the faster we can close. We recommend planning for 30 days. If closing time is critical, you may be competing with other investors—bring your deal in now to discuss it with us.
8. What Does FHA Cap Mean?
The FHA Cap represents the maximum loan amount in the county where the investment property is located. To find the FHA Cap for your area, visit: FHA Mortgage Limits (hud.gov)
9. What Does ARV Mean?
ARV stands for After-Repair Value. It’s the estimated market value of a property after all renovations are completed.
10. What Does Asset-Based Lending Mean?
Asset-based lending means the loan decision is primarily based on the value of the property under contract rather than the borrower’s creditworthiness. Credit is still reviewed, but the property’s value is the primary approval factor.
11. What are your Loan Terms?
- Mission Capital Solutions offers lending from $30,000 up to the FHA Cap in your property’s county. Additional funding is available based on the deal.
- Rates start at 7% annualized interest with an origination fee from 0–3%, and no prepayment penalties. (Rates vary with credit score, but credit score does not determine loan approval.)
- Loan Terms: 6 months to 2 years for Fix & Flip. Up to 30 years for Buy & Hold or Refinance.
- One loan approved per applicant until a proven track record is established.
12. Do I need an appraisal and how much will it cost?
Yes. Appraisals are required before closing. The cost typically ranges from $400 to $700 depending on the property’s location.
13. Is a Licensed & Bonded Contractor bid required?
In most cases, yes—a licensed and insured itemized contractor bid is required before loan processing.
14. Is my information kept confidential?
Absolutely 100%! Your privacy is of the utmost importance to us. Any information you share is completely confidential. We’re committed to treating you with professionalism, understanding, and respect. You’ve come to the right place.
Still have questions?
Let’s talk! Reach out anytime—we’re here to help.