What types of loans do you make?
We make 1st & 2nd position loans on non-owner occupied residential properties. We have done acquisition, acquisition & renovation, renovation only and specialty loans.
What are your fees?
There are no “set” fee schedules. However, hard money loans generally cost 4-5 points. One point equals 1% of the loan amount. Some or all of these points may have to be paid up-front, but many times we will let you build the points into the back of the loan (we will increase the loan amount to cover the points). You will have to pay for an appraisal of the property, some document preparation fees, and perhaps some underwriting and/or application fees. Any required fees will be disclosed to you up-front.
Where do you lend?
Currently, we lend in select communities in Cook County, Illinois and counties surrounding Atlanta, Georgia.
Are you a licensed lender?
EPIC Impact Investors is not a licensed “mortgage lender” and does not lend money on primary/principal residences. We are a commercial, investment, private money, hard money lender. All our loans are either funded by us or by one of our private capital sources.
What type of properties to you lend on?
Currently, we lend on residential investment properties which is 1-4 unit properties.
How do I get started?
Start with reading about our Lending Process and complete our Loan Application. Once we determine your loan fits within our lending guidelines, our underwriter will tell you what documents you need to provide. If you have an appraisal of the property, you may want to provide that to the underwriter up-front at time of application. This will help determine the viability of the deal.