Like a hard money lender, we qualify the property — not your tax return. Unlike one, we write 30-year fixed loans at rates far closer to a bank's, and we are usually the loan that pays the hard money off.
And if what you need is fast bridge money on a flip, we are not your lender — here is exactly where the line sits.
We qualify the property, not your personal income. No W-2, no tax returns, no debt-to-income test, and no limit on how many rentals you already own. Qualification turns on whether the deal works — which is the part of hard money investors actually like.
We do not write 12-month bridge loans, we do not fund construction or rehab draws, and we do not charge hard money rates. EquityBoost writes 30-year fixed loans to Iowa LLCs on rentals that are already habitable and leased or lease-ready — investors most often come to us as the takeout that pays off the bridge once the property is renovated and rented.
A private lender qualifies the file on the property and moves at deal speed. A bank underwrites you, to rigid guidelines, through layers of approval.
The property's rent carries the file — not your paystubs, and not a DTI calculation that punishes you for owning rentals.
Banks and conventional lenders stop at ten financed properties. We don't count.
The abstract-of-title process trips up out-of-state lenders constantly. It is routine for us.
Tell us about the property. If a 30-year fixed rental loan is the right tool we will price it; if you need bridge money we will say so.