Frequently Asked Questions
Things to know
Frequently Asked Questions
Why choose Convergent Lending Tree LLC
Convergent Lending Tree LLC offers private lending, hard money and business funding programs all under one umbrella for residential and commercial real estate across the country. We offer flexible terms and can close within 5 to 21 days, depending on the loan program. We also offer LLC services.
Do you offer creative financing?
Yes, please email the scenario to info@convergentlendingtree.com for special deal structuring.
Is there a minimum property value to a maximum value you can fund?
Minimum $100,000 up to 50 million plus.
Do you provide fix and flip and construction loans?
Yes, and we can fund the rehab and draws up to 100%.
Do you offer no doc loans?
Yes, we offer no doc and limited documentation loans.
Where do you lend?
In all 50 states within the US territory and Canada.
How much of a down payment do I need?
It depends on the circumstance. Some of our loans are asset based and collateral-driven and we focus on the value of the real estate, we allow cross-collateralization of additional properties or land collateral instead of a down payment.
What type of properties do you fund?
We offer loans on both commercial, residential-investment properties and mixed-use properties.
What should you do if you can't pay the mortgage by the maturity or balloon date?
Please request an extension by phone or email at info@convergentlendingtree.com or contact (912) 378 - 9275.
Is there any upfront fee?
No, standard loan fees are due at the time of closing.
Is there a minimum credit score requirement?
A minimum credit score of 650 is required, however, we can make exceptions for lower scores. Please send an email to info@convergentlendgtree.com for alternatives.
How fast can you provide termsheets?
Within 24 to 72 hours.
Do you lend on value add properties?
Yes.
What documents are neede to properly package a loan for lender review?
Schedule of Real Estate Owned.
Person Financial Statement.
Credit Report.
Rehab & Construction loans require a budget and scope of work.
Rent Roll.
Operating statement.
Person Financial Statement.
Credit Report.
Rehab & Construction loans require a budget and scope of work.
Rent Roll.
Operating statement.