Frequently Asked Questions

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General Questions

  • Can I receive financing for a residence that I am or will be living in?

    No. Strategic Funding’s loans are business purpose only.
  • Do you lend to LLCs and other entities?

    Yes. In fact Strategic Funding only lends to LLCs, corporations, and other entities.
  • Is there a prepayment penalty?

  • Do you provide Proof Of Funds letters?

    Yes, please contact us to discuss.
  • Can I cross-collateralize to lower or eliminate my down payment?

    This facility is available with our Flex program.
  • Where do you lend?

    Primarily in Virginia. We will consider nearby states on a case by case basis. Please contact us to discuss.
  • What if my deal doesn’t fit into the parameters of either of your programs?

    Please call us at (434) 944 6220. We have a significant amount of flexibility for certain situations.
  • What is the minimum loan amount?

    Strategic Funding, LP has funded loans under $15,000 in certain situations. We don’t have a stated minimum. Please keep in mind our minimum origination charge is $2,995.
  • How quickly can I close?

    Strategic Funding can close a loan in as little as a day. Typical time constraints center around title work and hazard insurance. This ability to close quickly often provides a competitive advantage when make offers.
  • How much do I need for down payment?

    Our loan programs do not have a minimum down payment amount or percentage. We approach each transaction individually.
  • Is there an appraisal requirement?

    Typically, no. We perform our own in-house appraisal for each loan. Accordingly, no official appraisal is required.
  • What is the minimum credit score required?

    Credit is not a factor in our loan decision making.
  • Are monthly payments required?

    We do not require monthly payments on our standard rehab loans. If the property is an income producing property that is occupied and generating an income, we will require a monthly payment.
  • What if I need an extension?

    Since we hold the majority of our loans in house, we have flexibility depending on the loan’s performance from inception to date. Please contact us to discuss further.

Note: For loans that will be sold on the secondary market, different terms and conditions apply. Please contact us with any questions.