How it Works

How it Works:

"The Tower Capital team strives to make sure that all parties
are protected and as profitable as possible..."

For the protection of all parties:

The property will have hazard, fire, earthquake or other insurance for the amount and term of the loan
Lender is to be named loss payee on borrower insurance policies
Appraisal will confirm all as-is and "After Repair Values" (ARV)
We send our "Builder's Control" contractor to the property to make sure all items on the borrowers renovations list will properly pass all codes and laws
Our "Rehab Escrow Accounts" hold the balance of the loan to be distributed to our borrowers in draws as renovations are completed
If a credit check is necessary and the borrower has explained credit discrepancies, we will consider a co-signer

We fund properties that fit into the following criteria:

We lend against non-owner occupied investment property
We can use other (non-owner occupied) investment property as collateral to fund any borrower's endeavor
Residential 1-4 units (Duplexes, Tri-Plexes, Quadplexes)
Multi-Family (5+ Units) in some cases
Commercial, Land, and other property types in some cases

We create win-win relationships with our borrower criteria:

Our borrowers confirm two exit strategies with us to sell, hold or refinance the property
Our borrowers provide a "Use of Funds" checklist to detail renovation items and time-line
Unless the borrower is new to us or refinancing, pulling credit checks is unnecessary (as long as the property value fits our criteria)