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:
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We create win-win relationships with our borrower criteria:
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