NO RED TAPE® Announces the Launch of Its Automated Residential 1-4 Unit Lending Platform for Real Estate Investor Buy & Hold, Bridge and Fix & Flip Loans.

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NO RED TAPE

Jan 31, 2018, 12:15 ET


COSTA MESA, Calif. (PRWEB) January 31, 2018 -- Private Lender, NO RED TAPE® has launched a Pricing Eligibility Engine & Self-Service Loan Portal for real estate investor financing. The first of its kind, this system provides real time rates for business purpose loan products, bringing ease, speed, and transparency to the process.

NO RED TAPE offers the following business purpose loan products to real estate investors:

  • Buy & Hold to $2,000,000 (No Deferred Maintenance Allowed)
  • Bridge Loans to $2,000,000 (Some Deferred Maintenance Allowed)
  • Fix & Flip loans to $2,000,000 (Up to 90% Financing of Acquisition + Rehab Budget)

Standardized pricing and an automated platform allows NO RED TAPE to operate quickly and efficiently. This means:

  • Prequalifications are provided for certainty-of-close within 24 hours
  • Underwriting Decisions within 48 hours after disclosures are signed
  • Doc Draws within 24 hours of clear-to-close
  • Fundings within 24 hours of receiving all closing conditions

This simplified and reliable approach to hard money lending is expected to disrupt the industry, allowing Real Estate Investors to scale their businesses rapidly.

NO RED TAPE, a division of ALTRA Mortgage Capital LLC, brings together the expertise and innovative mindset of several experienced alternative lending industry veterans including Head of Production Kurt Anderson, CEO Brent Houston, President Blake Scheifele, COO Paul Lyons, CFO John duHadway and General Counsel Derrick Gruner.

“We saw a huge need to offer standardized products and automated reliable processes for the hard money space,” said Kurt Anderson, Head of Production at NO RED TAPE. “We redesigned the process from start to finish, creating a system that is fast, efficient, and straightforward. Now our borrowers can strategically grow their businesses with competitive reliable capital.”

View the Pricing Eligibility Engine & Loan Portal at https://www.noredtape.com

Blake Scheifele, NO RED TAPE, https://www.noredtape.com, 424.252.2728, [email protected]