Best Lending Co: Fix and Flip, DSCR, and Construction Loans

Best Lending Co. offers both short-term bridge loans and long-term financial loans to meet their clients needs

Fix & FlipGround Up

Key States Served: California, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Massachusetts, North Carolina, Ohio, South Carolina, Tennessee, Texas, Virginia, Wisconsin
Loan Close Time: 48 hours
Loan Programs: Fix & Flip, Ground Up
Max Leverage: Fix-N-Flip: up to 90% of purchase and 100% of rehab (homepage) / up to 85% of purchase and 100% of renovation (Loan Products). Construction: up to 85% LTC. DSCR: up to 80% LTV / up to 75% on refinance.
Virtual Draw Inspections: Fix & FlipGround Up

Overview

An unparalleled private lending experience with innovative technology and client focused systems.

Draw & Construction Process

Best Lending Co structures its construction and fix and flip funds as draws with interest charged only on what is disbursed, so borrowers do not pay interest on rehab or construction capital until it is drawn (a non-dutch structure).

For new construction, the company says it runs fast inspections to help keep cash flowing, though it does not publish the inspection method (physical or virtual) or a specific per-draw turnaround.

Fix and flip loans are advertised to close in as little as 5 business days (with 5 to 10 day closings cited on the loan products page), new construction in as little as 10 business days, and DSCR loans in about 2 to 4 weeks, with deals funded within 3 days of a complete package. Investors who need documented draw turnarounds should confirm them directly.

Loan Programs

Best Lending Co is a San Diego direct private lender offering fix and flip, DSCR rental, and new construction loans for investment real estate.

• Fix and flip: up to 100% of rehab plus purchase leverage stated two ways on the site, up to 90% of purchase (homepage) and up to 85% (loan products), on 12 month terms with no prepayment penalty.
• New construction: up to 85% LTC, on 12 to 24 month terms, with interest charged only on funds as they are disbursed.
• DSCR rental: up to 80% LTV on purchases and up to 75% on refinances, with 30 year fixed options and short-term rentals allowed.
• All loans are for investment real estate, with funded-project examples in California, Massachusetts, South Carolina, and Virginia.

States Served

California Colorado Connecticut Florida Georgia Illinois Iowa Massachusetts North Carolina Ohio South Carolina Tennessee Texas Virginia Wisconsin

Legal / Disclosures

Best Lending Co (BEST Lending Co, INC) is a direct private lender headquartered in San Diego, California, offering fix and flip, DSCR, and construction loans for investment real estate. It has funded projects in states including California, Massachusetts, South Carolina, and Virginia. The company is a member of the American Association of Private Lenders (AAPL) and holds California DRE license 02117164, with financing through Legacy United Capital LLC (CFL 60DBO-206029).

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