Frequently Asked Questions

Before you contact us, please check the Frequently Asked Questions (FAQs), you question might have been answered. This will save you the waiting time before you get response from us.

DO I NEED TO PROVIDE ALL MY DOCUMENTATION REGARDING INCOME, BILLS, ETC.?

This is dependent from investor to investor but typically you will only need to provide minimum documentation to obtain the loan. We do not verify income, but must verify assets and that you do not have an IRS lien that may encumber our investment purchase.

HOW DO I GET QUALIFIED FOR A HARD MONEY LOAN WITH HI7 CAPITAL?

Click on apply and fill out the required information. You will get a response within 24 hours from submittal or contact us directly to discuss your scenario.

HOW LONG DOES IT TAKE TO CLOSE THE LOAN?

Our average closing is 10 – 14 business days. Each transaction is handled on a case by case scenario. If there is a special requirement, we may be able to accommodate you.

WHAT IF I HAVE A BAD CREDIT SCORE?

If you have a low credit score, HI7 Capital may still fund your loan. Our primary funding criteria is based on the equity in the real estate.

WHAT IS A HARD MONEY LOAN?

Hard money is a loan funded by private parties who want a safe rate of return. HI7 Capital is a mortgage loan originator who arranges loans for private investors. We work directly with property buying investors who use these funds to purchase properties with the intent to fix and sell them for a profit or stabilize and refinance with conventional financing. Real estate investors use hard money because it is easier and faster to secure than conventional finance.

WHAT IS HI7 CAPITAL LOOKING FOR WHEN CONSIDERING MY APPLICATION?

We will primarily review the security to the loan. The strength of the project is the main factor in the loan underwriting.  We also review your ability to repay and your experience level.  Nonetheless, we will lend to newbies.

WHAT STATES DO YOU FUND IN?

We provide hard money loans in all states except, AK, HI, SD, ND.

HOW DO I APPLY?

Email us at  apply@hI7capital.com or click here to apply online.

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