Applying for a hard money loan or pre-approval from The Berkley Group is fast & easy – just a simple two step process. Whether you’ve bought & sold dozens of properties or this is your first one, we look forward to working with you & becoming your capital partner. Just call us at 952-895-8970 or fill out the form below to get started. Once we have your basic information, we’ll contact you for additional information we need to get your loan approved. If you have any questions before, during or after the loan process, please contact us & we’ll get the answers you need. We’re here to serve you.
STEP 1 – COMPLETE THIS FORM (or call us at 952-895-8970 & we can take your information over the phone)
STEP 2 – SEND US ADDITIONAL INFORMATION
After we receive your information above, we’ll contact you to request additional information we need to process your loan, such as:
– Credit Authorization Form – By signing this, you give us written permission to obtain a credit report on you (or another principal of the entity that will be the loan borrower). You don’t need perfect credit to qualify. Since this is a hard money loan, we rely heavily on the property you’re financing, but we do need to verify that you have the ability to repay the loan & review of your credit report helps us determine that.
– Entity Formation & Operating Documents – These identify the legal name and structure (LLC, corporation, etc.) of the entity that will be the loan borrower & who is authorized to sign loan documents.
– Income Tax Returns – We need to review the previous 2 years of tax returns for the entity. If the entity is newly formed or hasn’t been in existence for 2 years, the previous 2 years of tax returns for a principal of the entity can be used. (Note: This requirement can be waived if 6 months of pre-paid interest are brought to closing.)
– Bank Statements – We need to review the previous 2 months of bank statements for the entity. If the entity is newly formed or hasn’t been in existence for 2 months, the previous 2 months of bank statements for a principal of the entity can be used.