Does Brittco make loans on homes people live in?
Brittco Capital funds business-purpose loans on investment real estate. The property is one you will not occupy, and the request form confirms that before the file continues.
What does business purpose mean on this site?
It means the loan is for an investment property, not a primary residence. Confirm that on the request form and the file can move to the portal.
Can an individual or an entity be the buyer?
You can buy as an individual or as an entity. When an entity is the buyer, send the formation document, the operating agreement or bylaws, and the EIN letter with the contracts.
Where is that limit repeated?
It is on the homepage, the disclosures, the loan pages, and the request form. Fix and flip loans and private money loans follow the same occupancy limit, and those files are priced with you.
Where should you go next?
Have a double close on the calendar?
Send the property, the amount, and the two closing dates. Same-day is 1%. Within 7 calendar days is 2%.