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	Residential, one to four unit properties that can be purchased, renovated and sold in under six months. Maximum loan offered is 70% of After Repair Value (ARV).
	An overview of the three loan plans offered and the benefits associated with each option.
	Begin the process of prequalification and approval by completing the necessary forms. No loan committee. No hassle approval process.
	How to qualify. How much we will lend. Loan terms. How construction is funded. Does credit matter. More answers to important loan questions.

Frequently Asked Questions
Questions & Answers

Does Red Brick Financial, LLC loan to individuals?
No. You must have a legal entity established in your market. This includes having a checking account established prior to closing in the name of the business. No exceptions. Please visit our partner's web site at www.legalzoom.com if you want to set up an entity in your area.

How can I get repair funds for the property?
This portion of the project is considered a construction loan. In the cases where the title company does not offer escrow services, construction funds will be held by our bank and released when necessary. Please note, interest will not be charged on money until it is distributed to you. Periodically, as the work is being done, you may contact Red Brick Financial and request that an inspection be ordered so that you can receive a draw. Please note that repair funds are a reimbursement for work that is completed. Unlike the purchase, no repair money is actually fronted. Therefore, you will need to have some of your own funds to start any rehab project. Our funds are there to reimburse costs.

You may request a draw after completing a portion of the rehabilitation of your property. We allow up to three draws per project. Please contact our office and request the date of inspection. Red Brick Financial, LLC will then schedule an inspection of the work that has been completed. Typically we can wire construction funds to your entity's account within a week of receiving the draw request assuming the inspection goes well. In additon to the construction draw request, photos of the construction process need to be emailed to our office (drawrequest@redbrickfinancial.com) for our own internal review.

Red Brick Financial LLC will send your repair fund reimbursements to you in one of two ways. You may elect to have these payments mailed to you. Or if you wish, you may request that Red Brick Financial LLC wire you these funds. (The banks charge a small fee for the wiring, and you would be assessed this fee when you sell the property).

How do I Pre-Qualify for a loan?
Go to the "Pre-Qualification Checklist" page of this website for complete instructions, including a downloadable credit application. If you have a recent credit check (less than 90 days old) you may submit it with your application.

What is your minimum loan amount?
Red Brick Financial, LLC minimum loan is usually $60,000. Our maximum loan normally tops out at $225,000. Larger deals can be considered, though.

Do you have a minimum credit score?
Yes. Red Brick Financial, LLC's minimum credit score is 610. If you have a lower FICO score, yet have a good pay history, rehab experience, and strong cash reserves, we may have alternative ways to work with you. Credit scores generally do not impact the terms of our our loan programs. They serve as a "qualifying factor" for the borrower to participate.

We reserve the right to check a borrowers credit before offering funds. All borrowers must complete a "credit check acknowledgement" form before closing.

What type of properties do you fund?
Red Brick Financial LLC limits its loans to residential properties (1-4 units). Red Brick Financial does not fund commercial, mixed use or large multi unit properties. Can I do more that one loan at a time? Red Brick Financial LLC does not have a specific number of loans that anyone can have at one time. The limit will be based on each borrower's financial ability to hold additional loans.

Do I have to re-qualify each time I want to do a new loan with Red Brick Financial, LLC?
No, assuming the previous loan was executed in the last 12 months. Red Brick Financial LLC will not make you redo the pre-qualification process. Along with the specifics on the new property, you will only need to send updated bank/investment or open lines of credit statements.

What are your terms, fees, and interest rates?
Each Red Brick Financial loan plan has different terms and costs. For individual breakdowns, please refer to the "Payment Plans" section of this website.

Will you roll closing costs into your loan?
Red Brick Financial will loan up to 70% of the ARV (after repair value) for any
property. As long as the loan does not exceed this, you may receive 100% of the purchase price, 100% of your repair costs, and even have some or all of your closing costs rolled into the loan. The bottom line is that if your loan to After Repair Value is sufficiently strong, you can get into a property with little or no money down! Any figure above the 70% ARV will be added to funds due at closing.

Do you provide "proof of funds" letters?
Yes! As long as you have sent in all information and been pre-approved by Red Brick Financial, LLC. However, this is not a commitment to fund any transaction.

Can I live in the house during the course of the loan?
No. Red Brick Financial, LLC only lends on properties that are non-owner occupied. No Exceptions.

Do I have to List my home with a Real Estate Brokerage?
No, however, we recommend using an agent to move the property as soon as possible. Remember that time is money and everything, including real estate agent fees are negotiable. We suggest that you list your property for maximum exposure in the market.