THE RESIDENTIAL & COMMERCIAL LENDING PROCESS WITH SRP
SRP partners with residential, commercial, and small multi-family property investors to ensure smart, private money lending.
The Residential & Commercial Lending Process with SRP
1. Consultation
SRP will schedule a meeting at our office or your project site. We’ll examine zoning plans, permits and the loan exit strategy. You’ll need to provide the following documents:
- Purchase contract
- Settlement statement (if purchased)
- Project history
- Scope of work
- Budget
- Survey/site plan (if new construction)
2. Agree to Terms
We’ll formalize the term sheet for your project. This document includes the length of the loan, interest rate, equity requirements and how much funding SRP will contribute.
3. Begin the Closing Process
Once the terms have been accepted, the attorney will begin the closing process. The process usually takes about 7-10 business days to complete after all requirements are in order.
4. Draw
SRP’s inspector will verify the work has been completed according to the draw sheet to release the payment. Terms of the draw are agreed to upfront – and all SRP inspections are done in-house. We operate as a full-service project resource, advising partners on the best strategies from A to Z.
5. Complete the Project & Refinance
The funding process is repeated until the project is done. Borrowers will then sell the property and repay the loan or refinance to a long-term loan if they plan to rent the property.
INVEST IN ADDITIONAL Projects
SRP is dedicated to being a long-term partner for investors and builders. We want to be your partner and help you grow your business.
Why Partner with SRP for
Private Atlanta Residential homebuilder loans and Commercial real estate
Partnership
SRP has decades of experience in residential building and financing. Our services go beyond the deal in advising partners – from securing funding to project completion.
Network
SRP is well-connected with local lending resources. We have exclusive access to trades, areas, and deals – which is passed on to you.
Information
SRP conducts all the research needed for your real estate loan to ensure you get the best deal.
Expertise
With 100+ years in building and business, every SRP partner benefits from our wealth of knowledge/experience.
Speed
Our goal in every partnership is to secure quick and accurate closings – no matter what obstacles stand in the way.
Loyalty
Long-term partnerships are the core of our business. Longstanding borrowers gain trust and are rewarded with numerous benefits.
