Questions? We have answers.
1. What Services Does Welsh Capital Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, and Debt Stack Reports. Additionally, we have high-equity off-market property leads available, so you are not competing with other investors in your area.
2. What are the benefits of private money lending?
Benefits include quicker access to capital, flexibility in loan terms, no minimum credit score requirements, and the ability to secure financing for properties that may not meet traditional lending criteria.
3. Are you a Lender or a Broker, and are there fees or commissions involved?
We are both a lender and a broker. If we cannot provide the funding you need, we have a large network of other lenders and can broker the funds to you. We aim to provide investors with the best rates and the quickest closings available. If you’re seeking 100% funding, we also offer split-equity opportunities to cover your purchase, rehab, and closing costs. Regardless of the loan type, there is always a 3% broker fee, which is standard in the industry.
4. How do you decide the amount to lend?
It is based on the asset you have under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab cost. Ask us how you can get up to 100% financing.
5. I need 100% financing. Can you do that?
Yes, when joint venturing with us, we can provide up to 100% financing.
6. What Does True 100% Funding Mean?
We will lend up to 100% toward your purchase, rehab, and closing costs—up to 70% of the ARV—when a joint venture is established between Welsh Capital and the borrower.
7. How long does it take to close a transaction from start to finish?
Typically, about 14 days after we receive all required documentation. However, gathering all documentation can take three to four weeks. The key factor is how quickly you and your team provide the necessary documents. We can process our part within 14 business days, but investors often take longer to submit complete documentation. Aim for a 30-day closing timeline whenever possible. If time is a major factor, you likely have competition—bring your deal in to discuss with us.
8. What Does FHA Cap Mean?
The FHA Cap represents the maximum loan amount in the county where the investment property is located. To find the FHA Cap in a specific county, visit: FHA Mortgage Limits (hud.gov)
9. What Does ARV Mean?
ARV stands for After-Repair Value. It is the estimated value of a property after renovations are completed.
10. What Does Asset-Based Lending Mean?
Asset-based lending is a loan where the lending decision is primarily based on the value of the real estate property under contract, rather than the creditworthiness of the borrower. While the borrower’s ability to repay is considered, the approval decision and loan-to-value are primarily based on the property’s value.
11. What are your Loan Terms?
- Loan Amounts: Welsh Capital offers loans from $30,000 up to the FHA Cap in the county where the property is located. Additional funding solutions are available based on the property and loan type.
- Rates: Start at 7% annualized interest, with an origination fee from 0-3%, and no prepayment penalties. (Rates are based on credit score, but credit score does NOT determine loan approval.)
- Loan Term: 6 months to 2 years for fix & flip loans; 30 years for buy & hold or refinance loans.
- Loan Approval: One loan per applicant until a proven track record is established.
12. Do I need an appraisal, and how much will it cost?
Yes, Welsh Capital requires an appraisal before closing. Appraisal costs range from $400 to approximately $700, depending on the property’s location.
13. Is a licensed & bonded contractor bid required?
In most cases, we require a licensed and insured, itemized contractor bid before processing the loan.
14. Is my information kept confidential?
ABSOLUTELY 100%! Your privacy is of the utmost importance to us. Any information you provide is completely confidential. If you want to work with a reliable, reputable company that treats you with professionalism, understanding, and respect—YOU HAVE COME TO THE RIGHT PLACE!
Still have questions?
Feel free to reach out to us for more details!