Program Overview
We are an equity lender and therefore do not check your credit. However, due to the unique nature of every transaction, each loan is considered separately. Please call for pricing estimates. The following criteria that are of  consideration:

-Total LTV (includes all liens) We don’t lend more than 75% of the value we establish for the property.
- We will not fund a deal that does not have a complete file submitted.
- A “Live” disposition transaction in place.
- Fees must be collected before dispersement of any funds.

Sample Transaction:
You found a property at a tremendous 55% discount on a 250k ARV (After Renovation Value) but it needs cash to pay the fines and penalties on the 1^st in order to sell and update the property for a fast sale adding another 10% to your cash needs. All in 65% LTV or 162.5k! You already have a buyer lined up who is pre-qualified. The only thing that stands between you and your 85,000 dollar check is some liquid funds…that’s where your strategic hard money partnership with Broker Capital comes in.

- We are a transactional based lender with terms up to 90 days.
- Will consider cross collateralization.
- Extensions are granted on a case by case basis (Payments must be current).
- Our interest rate may be slightly higher or lower depending on criteria including loan to value.
- Points may be rolled into the loan subject to meeting our standard loan to value and credit criteria.

Loan Requirements:

- First & Second liens only as security instrument.
- Investment property only (No owner occupied properties)
- All loans are based on After Repaired Value (ARV) as determined by Broker Capital
- A lenders title policy is required
- All appraisals must be ordered through Broker Capital
- A builders risk renovation insurance policy is required on all loans for the term of the loan.
    (This policy will be procured by Broker Capital.)
- Minimum loan amount $30,000, maximum $700,000

Insurance Requirements:

- A builders risk renovation insurance policy is required on all loans for the term of the loan for properties being renovated
- All propertied not being renovated will be required to have a current policy.
- Broker Capital will procure the policy for the loan amount with Broker Capital LLC named as loss/payee
- Fees for this policy will be collected at closing

Appraisals:

- All appraisals will be either ordered by Broker Capital or determined accurate by Broker Capital or one of its affiliate appraisers
- All appraisal and inspection fees must be paid in advance
- Appraisals will determine the average number of days on market from comparable sales. Sales must be under 150 days.
- All appraisals will include an “after repaired value” (ARV)

Fees:
1st Loans: 6-10 pts and 12%
2nds: 15-20 pts and 12%

The Following can be worked into the loan:
Documentation Prep Fee $250.00
Inspection Fee $200.00
Appraisal Fee $ 400.00
Application Fee $25.00
Escrow Draw Inspection Fee ($100/ea)

Loan Checklist

Step 1: Fill out all sections of our Loan Application

Step 2: Fax the following documentation* to 801-253-9515.

• - Copy of the fully executed purchase and sale agreement. Please provide any addendums or assignments relating to your contract.
  - Disposition contract and loan application. (The person buying it from you)
  - If a settlement is involved an execute agreement of the settlement will need to be faxed.
  - Title Report
  - Current Appraisal
  - Copy of a valid driver’s license (For each signer)
  - Financial Statements of any investments that would be pertinent to the loan approval process (Anything you want to “Cross Collateralize)
  Documents of Incorporation, Trust or LLC if purchasing in your company’s name.