FAQ
If you don’t see an answer to your question below or you need additional information, don’t hesitate to contact us at (215) 550-1322.
Q. How quickly can Advest close?
A. Loans can be processed and funded in as little as 2 - 3 weeks.
Q. Will Advest lend to an individual?
A. No, Advest only lends to an entity (LLC, Corporation, etc.)
Q. Does Advest lend on Commercial properties?
A. Yes.
Q. Are personal guarantees required?
A. Yes.
Q. Does Advest lend to owner occupiers?
A. No, Advest lends to investors. All loans must be for non-owner occupied properties.
Q. Is a down payment required?
A. Yes. Borrowers’ typically have to pay 15% - 20% of the acquisition cost.
Q. Does Advest FUND GROUNd-UP Construction?
A. Yes.
Q. ARE APPRAISALS REQUIRED?
A. Yes.
Q. Does Advest provide proof of funds letter?
A. Yes. Once you are an approved borrower, Advest can provide letters within 24 hours.
Q. Does advest ever speak and meet with the borrower directly?
A. Yes.
Q. How do I get started?
A. Contact us. We will ask you some questions about your deal, your experience, the acquisition price and your exit strategy.