The Nation’s Premier Lender for Real Estate Investors.

MCM CAPITAL SOLUTIONS © 2018 | ALL RIGHTS RESERVED

Do you have questions?

 

Below are our most Frequently Asked Questions. If you have a question or would like to learn more about MCM Capital Solutions feel free to contact us and we’d be happy to speak with you.

Do you lend on owner occupied houses?

No. We only provide financing for investment properties. This means that the borrower cannot live on the property at any time during the course of the loan.

Do you provide proof of funds letters?

Yes, you can get pre-approved for our hard money loans on our website. It takes 24 hours or less.

Do you lend to foreign investors?

We do lend to foreign investors with our Fix-N-Flip program.

How does my credit score affect the approval of my application?

For our FixNFlip program, if you don’t have a credit score of 600 or above, then you will have to partner with someone and they will have to be included on the HUD and Note.

Can I pay down my loan principal?

For our FixNFlip program, you can pay down your loan at your discretion at no additional cost.

Is an appraisal always required to fund a loan?

An appraisal is required for our Fix-N-Flip program. Although the appraisal is an expense for the potential borrower, it protects him or her from making a mistake and owning a new mortgage on a property that is already underwater due to too many foreclosures in the area. Appraisals are the last step in the application and underwriting process. They are conducted only after the borrower is approved and the estimate of cost has been accepted by the borrower. MCM Capital Solutions makes no money off of the appraisals and the potential borrower pays our approved appraisers directly.

How are construction draws handled?

Our borrowers request a draw. Within 48 hours, one of our licensed contractors inspects the work completed. Within 24 hours after the inspection report is received, the funds are released. There is a $150 charge for each draw that is deducted from the draw amount. We don’t make any money on construction draws. The cost of the draws goes directly to our contractors to ensure that the work is done properly and within code.

Can I collateralize properties to lower my down payment at closing?

Yes, if you own a property, MCM Capital Solutions will often times use that property as collateral instead of requiring a down payment for your project.

Do you lend on commercial properties?

We lend on residential and multifamily (1-4 unit residential) investment properties. We currently do not lend on commercial properties.