Sarah Sabih

Let us close your Loan

Understand Our Loan Process

LNH has worked with borrowers around the US and has funded millions of dollars in real estate transactions with 7 simple steps.

Have a Deal in Works?

Submit your deal scenario to the LNH team and we'll provide competitve terms to help you get the funding needed to close your deal.

Questions about the Loan Process?

Private money is a simple and quick option to get the funding needed for your real estate investment project.

Hard Money Program

Have a deal in works and are ready to get funded? Close in as few as 10 days with only 10 percent down.

Ready to Lock in the Deal?

Submit your deal and let one of our analyst provide terms for your loan.
Click Here

Hard Money Program

  • 10% Down Payment
  • Interest rates as low as 8.99%
  • Loans up to 75% of ARV*
  • 12 to 24 month term – no prepayment penalties
  • No upfront junk fees
  • Foreign nationals OK

*Based on property and buyer profile

Rental/Landlord Program

  • Loans up to 75% of the As-Is value*
  • Interest rates as low as 5.5%*
  • 30 year fixed loan
  • No DTI restrictions
  • No income verification
  • Portfolio loans available
  • Foreign nationals OK

*Based on property and buyer profile

Rental / Landloard Program

Up to 75% of AS-IS value with no title seasoning requirements.

Ready to Lock in the Deal?

Submit your deal and let one of our analyst provide terms for your loan.
Click Here

Commercial Loan Program

Multifamily, office building, mixed use, store front, and warehouse properties OK.

Ready to Lock in the Deal?

Submit your deal and let one of our analyst provide terms for your loan
Click Here

Commercial Program

  • Apartments, mixed use, and store fronts
  • Purchase/rehab funds available for commercial residential (5+ Units)
  • Interest rates as low as 5.5%
  • Loans up to 40 year term
  • Foreign nationals OK

*Based on property and buyer profile

New Construction Program

  • Up to 90% of construction costs funded*
  • Apply acquisition of land towards down payment requirement
  • 75% LTV up to $75M
  • Foreign nationals OK

*Based on property and buyer profile

New Construction Loan Program

Learn more about some of the most competitive new construction terms in the industry.

Ready to Lock in the Deal?

Submit your deal and let one of our analyst provide terms for your loan.
Click Here

Tell Us About Your Deal

Please complete the form below in order to receive soft terms for your deal.

Understanding the LNH Loan Process

lockett-n-homes hard money loan process

FAQs

What documents will need to be provided?

To ensure a simple approval process we will need the following documents labelled EXACTLY as presented (i.e. your bank statement should be labeled Bank Statement - Month):

  • Copy of the borrower's ID
  • Two most recent bank statements (full statements w/ all pages included)
  • Most recent tax return (all pages only for verification purposes)
  • Business Entity Docs (documents vary state to state)
    • Articles of Organization
    • Signed operating agreement
    • Certificate of good standing
  • Purchase contract – executed  (if applicable)
  • Detailed construction budget / rehab scope  (if applicable)
  • Insurance agent name, phone, and email
  • Title/closing attorney company name, contact name, phone, and email (state laws determine if title company or closing attorney)
How long will it take to close my loan?

As a first time borrower with LNH you should plan for 2-3 weeks to close.  Documents need to be submitted and reviewed in addition to you being vetted as a reliable borrower.

Every loan thereafter should take between 10-14 days to close.

What is the draw process?

For a rehab loan, borrowers are allowed to request funds as a part of their loan to complete updates/enhancements to the property (as defined in the rehab scope approved with the loan).  Funds are dispersed as work is completed and verified by an inspector.  

How much money will I need to put down and how much will I need to close?

Down payments will vary between 10% - 20% of the total loan amount based on borrower credentials.  Borrower credentials are verified during the underwriting process. 

To close your loan, you will need your down payment amount plus closing costs (insurance, lender, and title fees).  

What states do you lend in?

Lockett-N-Homes is able to lend in 48 states with the exclusion of North and South Dakota.  

Can I use my own appraiser?

No, you cannot use your own appraiser.  Lending guidelines require use of an approved third party Appraisal Management Company (AMC) with registered certified appraisers.    

LNH is required to schedule the appraisal, but the borrower is required to pay for the appraisal. The typical cost of appraisal is between $400-$500 but it varies from state to state.

How do I show my flip history?

Flip history verification is determined by the number of properties where the borrower's name or LLC name is on title.  Further substantiation can be provided with before and after pictures from the properties. 

All information provided by the borrower will be vetted during the underwriting process and can impact the final terms. 

How much money will I have available for rehab?

Rehab funds are determined by the borrowers rehab scope and are vetted during the appraisal and underwriting process. 

What type of funds can be used as reserve funds?

Reserve funds can be sourced from any one of the following accounts associated with the borrower (the borrower's spouse or family member's funds cannot be considered if they are not a part of the loan): 

  • Checking account
  • Savings account
  • Retirement account
  • Brokerage account

LNH Funding is an affiliate of Lockett In Global Solutions LLC ©

21550 Oxnard Street 
Suite 630
Woodland Hills, CA 91367

Phone1-888-254-0097
Office818-330-4802
Fax: 1-888-733-0668