How It Works
How the Funding Process Works Works
- Initial Submission Provide basic deal details—address, purchase price or payoff, property condition, scope, budget, timeline, and exit strategy.
- Preliminary Review We analyze comps, budgets, and cash flow potential to issue fast, transparent term sheets.
- Underwriting Includes appraisal or BPO, title and insurance checks, and renovation plan validation. Draw schedules are matched to milestones.
- Closing & Funding Purchase funds released at closing; renovation or construction funds held in escrow and disbursed upon verification.
- Execution & Draws Inspection-verified draws ensure progress stays on track. Requests are processed quickly to keep projects moving.
- Exit Strategy
- For Flips: Sell at ARV
- For Rentals: Refinance into DSCR for long-term stability
What We Evaluate
- Property & ARV: Neighborhood comps, renovation impact, days-on-market trends
- Budget & Planning: Detailed scope, contingency allocation, cost benchmarks
- Borrower Profile: Track record, liquidity, credit, reserves
- Exit Plan: Sale pricing strategy or rental DSCR strength
Borrower Eligibility
- Who Qualifies: U.S. individuals and LLC/Corp entities investing in non-owner-occupied real estate
- Requirements Vary: Credit, reserves, and experience depend on loan type
- Not Eligible: Primary residences, consumer mortgages, institutional/broker clients
Required Documents
- Entity docs (LLC/Corp articles, EIN, authorizations)
- Financial docs (bank statements, credit authorization)
- Deal docs (purchase contract, payoff, renovation scope, contractor info)
- Third-party reports (appraisal, title, insurance)
Fees & Transparency
- Third-party costs passed at cost (title, appraisal, inspections, insurance)
- Interest charged only on outstanding balances
- No hidden fees—everything is disclosed upfront
Lending Areas
B.I.G Capital lends across select U.S. states. Program availability varies by state and property type.
Investor Resources
Even without a blog, we provide practical, actionable tools:
- Guides & eBooks
- Mastering DSCR Financing
- Investor’s Guide to ARV, LTC & Draws
- Calculators
- Flip ROI Calculator
- DSCR Coverage Estimator
- Case Examples
- Quick cosmetic flip vs. multi-draw renovation
- BRRR example: rehab → DSCR refi
- Guides & eBooks
FAQs
ARV (After-Repair Value) is the projected value of a property post-renovation. It determines loan sizing and leverage.
No—funds are reimbursed through draws after progress is verified.
Typically within 2–3 weeks, depending on appraisal and title timing.
Debt Service Coverage Ratio = Net Operating Income ÷ Debt Service. It measures whether rental income covers debt.
No, only investment properties.
Bridge loans generally have no penalty; DSCR loans may include standard prepay terms.
Compliance & Disclosures
- Business-purpose loans only (non-owner-occupied).
- No consumer or institutional lending.
- Terms, programs, and availability subject to underwriting.
- Loans secured by real property.
- I.G Capital does not provide tax, legal, or investment advice.