Florida hard money loan FAQ.
Clear answers to common borrower questions about SPI Capital business-purpose private lending.
Does SPI Capital make consumer or owner-occupied residential loans?
No. SPI Capital is publicly positioned for business-purpose real estate lending and is not intended for owner-occupied residential lending.
What is SPI Capital's current published borrower pricing?
The current public framework states 12% simple interest, a 12-month initial term and 3 origination points due at closing. Final transaction terms remain subject to underwriting.
Does SPI Capital finance rehabilitation work?
SPI Capital publicly describes acquisition, rehab and controlled reimbursement draw structures for qualifying business-purpose transactions.
What information should I submit for a deal review?
Provide the property address, loan purpose, purchase price or current value, requested loan amount, rehab budget and ARV where applicable, target closing date, borrower/entity information and exit strategy.
What exit strategies can fit private lending?
Common exits include sale of the investment property, refinance into longer-term investment-property debt or another defined business-purpose repayment event acceptable to underwriting.
Does submitting a form guarantee approval?
No. A website submission is only a request for review. Loans are subject to diligence, underwriting, documentation and final approval.
Start with the transaction.
Submit the property, requested loan, business plan and exit strategy for a preliminary fit review.