How it works
From first request to funded loan, in five steps.
One loan officer, one set of written terms and one timeline you can plan around. Here's what happens after you send a request.
- No credit pull to start
- About a minute
- A loan officer calls you
The process
What happens, in order.
- Send the request (about a minute)Name and mobile number first, then one-tap answers: occupancy, loan type, location, price, budget, amount, experience, credit range, timeline and who will own it. Nothing pulls your credit.
- First call with a loan officerWe go over the property, the numbers, how you plan to sell or refinance, and the date you need to close. You'll hear straight away if the deal doesn't fit.
- Written termsYou get the loan amount, rate, leverage and costs in writing, plus the checklist of documents for your loan type.
- Documents, appraisal and titleYour loan officer collects the documents with you and keeps the appraisal and title work moving toward your closing date.
- Closing and fundingThe appraisal, the title work and your documents set the closing date. On a flip, the renovation money is then released in draws as work is completed.
Documents
What you'll be asked for, by loan type.
| Document | Fix and flip | Bridge | DSCR rental |
|---|---|---|---|
| Purchase contract (if buying) | ✓ | ✓ | ✓ |
| Scope of work and line-item budget | ✓ | — | — |
| Entity documents (if borrowing in an LLC) | ✓ | ✓ | ✓ |
| Lease or expected rent | — | — | ✓ |
| Photo ID | ✓ | ✓ | ✓ |
| Bank statements (proof of funds) | ✓ | ✓ | ✓ |
| Track record of past projects | If you have one | If you have one | — |
Swipe the table sideways to see every column.
Questions
Process questions
Is the online form an application?
No. It's a request for terms, so a loan officer can call you with real numbers. The application and documents come after you've seen your terms and decided to go ahead.
When is my credit pulled?
Not when you send the request. If your loan moves ahead and a credit report is needed, your loan officer tells you before it's ordered.
What sets the closing date?
Mostly the appraisal, the title work and how quickly documents come in. Give us your contract's closing date on the first call and we'll say honestly whether it's achievable.
How are rehab funds paid out?
In draws: you complete a stage of work, it's checked, and that portion of the budget is released. Your terms spell out the draw process for your loan.
Can I borrow in my own name instead of an LLC?
Tell us on the form how the property will be owned. Every loan is for business purposes, and your loan officer will explain what's needed for your loan before closing.
Get your terms
Ready for step one?
- About a minute to fill in
- No credit pull to start
- A loan officer calls you back
- Investment property only
Rather talk now? (718) 704-0499
United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.