GOLD LENDER
Founded in 2017 and based in Ann Arbor, MI, Green Block provides short- and long-term financing solutions for real estate investments. We provide asset-based loans that depend primarily on the value of the property and merits of your project. Our non-qualified mortgages (non-QM) mean you don’t have to supply W-2s or tax returns to be approved.
Green Block prides itself on its exceptional customer service, responsiveness, transparency, streamlined process, and problem-solving abilities. Have you applied for a loan at a big bank and been turned down? Have you been told that you can’t borrow through your business entity? Is your self-employment status disqualifying you from being approved? Most banks won’t lend to real estate investors for many reasons. Silly, isn’t it? Green Block thinks so. That’s why we offer an end-to-end lending solution designed specifically for real estate investors.
Green Block funds 100% of rehab and construction costs through draws rather than disbursing them at closing. After a portion of the work is completed, the borrower submits a draw request, Green Block sends an inspector to verify the completed work, and the funds are then wired for the verified work. This reimbursement-style structure applies to both its fix and flip and new construction loans.
Green Block does not publish whether inspections are physical or virtual, or a specific per-draw turnaround, so both are worth confirming for a given project. On overall speed, the company markets Fast Funding but does not publish a specific closing timeline. For rehabbers and builders, the key point is that rehab and construction money is released against verified, completed work, so borrowers front each stage and are reimbursed after inspection. Investors should confirm inspection scheduling and draw turnaround directly to plan their cash flow.
Green Block, Inc. is an asset-based, non-QM hard money lender, founded in 2017, offering fix and flip, DSCR rental, multifamily, bridge, and new construction loans to business entities across 44 states.
• Fix and flip (1 to 4 units): up to 95% of purchase price plus 100% of rehab, up to 75% of ARV, based on experience.
• Fix and flip (5+ units): up to 80% of purchase plus 100% of rehab, not to exceed 70% of ARV.
• New construction: up to 90% total loan to cost (LTC), up to 75% of as-is value on the initial loan, and up to 75% of ARV.
• DSCR rental, multifamily, and bridge loans round out the platform. Green Block lends to US business entities only (LLCs, LPs, corporations) and to foreign nationals with a US entity.
Green Block, Inc. is an asset-based, non-QM hard money lender headquartered in Ann Arbor, Michigan, founded in 2017. It lends to business entities only, specifically LLCs and corporations, and to foreign nationals with a US entity, financing fix and flip, DSCR rental, multifamily, bridge, and new construction loans for real estate investment purposes. It lends in 44 states, excluding Alaska, Minnesota, Nevada, North Dakota, South Dakota, and Vermont, and is a member of the American Association of Private Lenders (AAPL).
