Nationwide Private Money Lender

Call  254-421-7208

Guidelines

BSIP Capital provides fast and creative financing solutions for today's investor, making finding funding the easiest part of any real estate deal.  An excellent alternative for investors who don't meet the rigid requirements and guidelines of conventional lenders.  


BSIP Capital gets money into deals without performing rigorous and time-consuming credit or background checks. When you work with BSIP Capital, you benefit from quick decisions, fast turn-around, and the comfort of knowing that you are working with a lender that works as fast and creatively as you do!


Credit Checks help to improve rates;  We pride ourselves in giving all real estate investors access to the capital necessary to build their real estate portfolios and investment careers. That's why we lend on the asset and not a person's past credit history.

However… What if you have Good-to-Great Credit?  Although we don't punish you for having an awful or mediocre credit score, we do reward you for having good or great credit. It's called The Credit Advantage and it's providing borrowers with good and great credit scores and access to cheaper money!


How it Works: It's All Based on a Tiered Model

  • Every loan application is assigned a Tiered Rating, which allows us to maintain consistency in our evaluation, Tiered Ratings permit potential investors to easily consider a loan application's level of risk.


  • Number of Loans Paid Off: A borrowers experience help to improve the terms of the deal


  • Loan to Value (LTV) The lower the LTV the better rate


  • Terms: 
    • 3 months to 24 months - For fix and flip or refinance
    • We also have a 3 year and 8 year product for buy and hold properties


All BSIP Capital Loan Terms and Property Requirements Still Apply with the Tiered Pricing:

  • 1st Trust Deed lending only
  • Credit used only to utilize a rate reduction
  • Interest Only Loans
  • Minimum Loan Amount = $30,000
  • 3 to 24 Month Terms for fix and flip and refinances
  • 3 year and 8 year product for buy and hold properties
  • No Pre-Payment Penalty
  • Verified Income Requirement: Down Payment, Construction/Rehab Costs, Closing Costs, and 3-6 Month Reserves
  • Cross-Collateralization Allowed


Property Requirements:

  • Non-Owner Occupancy only
  • Property Types: SFR, Duplexes, Triplexes, 4-plexes, Condos, Town homes, MFH's
  • Clear title required
  • 1 year hazard insurance premium paid at closing
  • 3rd party independent appraisals by approved national company (ordered internally)
  • "As-Is" values accepted  (no older than 120 days)
  • Purchase Loan to Value varies from lender to lender, send us a deal and we will shop for the best deal for your loan
  • Refinance Loan to Value varies from lender to lender, send us a deal and we will shop for the best deal for your loan
  • No seasoning requirements on refinances, unless acquired by gift or Quit Claim in the last 12 months
  • Cross-collateralization – LTV's remain the same when all properties are the same transaction type. Multiple transaction types require LTV's to be calculated separately for each property type.