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FAQs

Q?

Who is Spinnaker Loans?

A.

Spinnaker Loans is a premier private lender focusing on originating and funding non-owner occupied, non-consumer loans for flip, rental, and development investors.

Q?

What types of Loans does Spinnaker Loans originate?

A.

Spinnaker Loans originates short term investment loans.

Q?

On what kind of properties does Spinnaker Loans lend?

A.

Spinnaker Loans lends on Residential Single Family Residences, Condos. Multifamily, Commercial, and Vacant Land properties.

Q?

What size loans does Spinnaker Loans originate?

A.

Spinnaker Loans generally lends from $30,000 to $400,000 (please call for larger loan amounts).

Q?

Is there a Pre-Payment penalty ?

A.

Spinnaker Loans generally has no pre-payment penalty (it is case by case on longer term loans).

Q?

How long does it take Spinnaker Loans to close a loan?

A.

Spinnaker Loans can close as fast as the client and escrow provide proper documentation and complete all funding conditions; typically 10 days.

Q?

Does Spinnaker Loans make provisions for Rehab Loans?

A.

Yes, Spinnaker Loans will lend up to 65% of After Repair Value (ARV). A budget for repairs will be required at the time of submittal and held back as part of the closing. The lender will disburse funds once repairs are completed.

Q?

How do I get started with the loan process?

A.

Simply navigate to the "Get a Quote" page, completely fill out the information and a loan professional will contact you. You can also contact us through any of the contact information provided here on this site.