Questions? We have answers.
1. What Services Does Cayce 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, Debt Stack Reports, and access to high-equity off-market property leads so you’re not competing with other investors in your area.
2. What are the benefits of private money lending?
Private money lending provides quicker access to capital, flexible loan terms, no minimum credit score requirements, and financing for properties that may not meet traditional lending criteria.
3. Are you a lender or a broker? Are there fees or commissions involved?
We are both a lender and a broker. If we can’t directly provide the funding you need, we leverage our extensive network of lenders to secure the best options for you. Our standard broker fee is 3%, ensuring you get the most competitive rates and fastest closings. Additionally, we offer split equity opportunities that can provide up to 100% financing for purchase, rehab, and closing costs.
4. How do you determine the loan amount?
Our lending is asset-based, meaning the amount we lend is primarily determined by the property under contract. Typically, we offer up to 90% of the purchase price and 100% of rehab costs. Ask us about options for up to 100% financing.
5. Can you provide 100% financing?
Yes, we offer up to 100% financing when joint venturing with us.
6. What does True 100% Funding mean?
True 100% Funding means we finance up to 100% of the purchase, rehab, and closing costs—up to 70% of the ARV—when a joint venture is established between Cayce Capital and the borrower.
7. How long does it take to close a transaction?
Once we receive all required documentation, we can typically close within 14 days. However, gathering all necessary documents can take three to four weeks. The sooner you provide complete documentation, the faster we can close. We recommend planning for 30 days to ensure a smooth process.
8. What is the FHA Cap?
The FHA Cap is the maximum loan amount allowed in a specific county. To find the FHA Cap for your property location, visit: FHA Mortgage Limits (hud.gov)
9. What does ARV mean?
ARV (After-Repair Value) is the estimated value of a property after renovations are completed.
10. What is Asset-Based Lending?
Asset-based lending focuses on the value of the real estate rather than the borrower’s credit score. While repayment ability is considered, the loan decision and amount primarily depend on the property’s value.
11. What are your loan terms?
- Loan amounts range from $30,000 up to the FHA Cap in the property’s county.
- Interest rates start at 7% (annualized), with an origination fee of 0-3%. No prepayment penalties. (Rates are based on credit score but do NOT determine loan approval.)
- Loan Terms:
- Fix & Flip: 6 months to 2 years
- Buy & Hold or Refinance: 30 years
- One loan approved per applicant until a proven track record is established.
12. Do I need an appraisal, and how much does it cost?
Yes, we require an appraisal before closing. Costs typically range from $400 to $700, depending on the property’s location.
13. Is a licensed and bonded contractor bid required?
In most cases, a licensed and insured itemized contractor bid is required before we can process the loan.
14. Is my information kept confidential?
Absolutely! Your privacy is our top priority. Any information you provide is completely confidential. If you’re looking for a reliable and professional funding partner, you’ve come to the right place.