Our Borrowing Criteria
Terms are individually assessed for each case. However, the following terms outlined represent our standard agreement and typically establish the minimum criteria.
Our program caters exclusively to corporate entities; personal use loans are not available.
Residency in North Carolina is a requirement, and we regretfully cannot extend our lending services to out-of-state borrowers.
12% interest rate
A minimum of 2 origination points is to be paid at the conclusion of the loan.
Bel Air Lending should be named on the Title Insurance policy.
The borrower is responsible for any additional fees related to loan closing, such as attorney fees.
We require a first-position Deed of Trust on the collateral for Bel Air Lending.
Second position loans are not permitted; borrowers cannot seek financing from both Bel Air Lending and another lender or private party.
Loan terms are capped at a maximum of 12 months.
Bel Air Lending must be listed as the primary payee on the insurance policy.
Maximum financing is limited to 70% After Repair Value (ARV).
One-time $600 inspection/draw fee.