Terms and Conditions

Please take your time to understand the terms and conditions of using Elation Capital Funding.

WE BUILD STRATEGY 

We build long term relationships and excel with creative loan request. One of our best qualities is our ability to be flexible for financially weak borrowers and recent credit events, 

CLIENTS FIRST

We do value the time of our clients and put you first. It's our goal to make sure we are as transparent and efficient as possible to make sure we exceed your needs with our dedicated customer service.

PREMIUM SLIDER

We provide eye-catching visuals with powerful graphical impact, that we consider key branding components.

24- Hour Pre-qualification

Since your time is important, simply submit basic information and we will provide a conditional approval or soft quote pricing to help you move quickly.

Digital Transparency 

Your entire loan submission process can all be done online. Borrowers have online access to upload docs, complete applications for approval and see the entire loan process digitally. 
 
What we're about and...

Here is why we do this.

We're dedicated to creating a process that makes real estate and business financing simple. This is the reason why we've built relationships with investors, borrowers and other funds to figure out what works and what's best to develop an easy process for real estate investors, individuals and companies to grow their business without limitations. We pride growth and it's our job to make sure you have every tool, resource and benefits that you deserve to help you grow.

Superior customer services

250+ Closed Transactions 

Repeat borrowers throughout the nation (highly active throughout all 50 States and few other countries

Property Types

Multifamily, Mixed Use, Single Family Investment, Luxury Residential, Fix and Flips, Buy and Hold, (Case by case, hospitality and retail commercial) 


Loan Options

Real Estate Loans,Truck loans, Buy and Hold Loans, Fix and Flip Loans, Bridge Loans, Business loans, Rehab and Construction, Buy-outs, Value add, and Repositioning, Personal Loans, Equity loans and many more

Past Closed Deals

Here are some previously completed transactions we've originated for a variety of borrowers, properties and locations nationwide.



SINGLE FAMILY RESIDENTIAL

Rental and Investment property guidelines

We focus on our experience to achieve the best results. Our investment rental property programs are suited specifically for investors only. Here are a few of the perks we offer for single family rental and rehab loans.

Same Day Approval

No doc ( Tax returns or personal income DO NOT impact approval)

Recent appraisals will be considered

Investment residential properties only 

Duplex, triplex, quadplex, vacation rentals, and 2nd homes

Individual borrowers and entities are eligible

No limit on how many properties you can finance 

We also provide large balance blanket portfolio loans

Permanent Loan Terms: 

Loan Amounts: $20,000-$20,000,000

Loan Terms: 20 years

LTV: Up to 85.00%

Amortization: 3/1 ARM,  7/1 ARM and 20 year fixed option.

Interest Rates:  Starting At 4%

Closing Time: 2-3 days after loan approval

Credit Score Minimum: We accept low Credit Score


Purchases and Refinancing allowed
 

Rehab Loans

Loan Amounts: $50,000-$4,000,000

Loan Terms: 12-36 months

Loan to cost: Up to 85.00%

Amortization: Interest only

Interest Rates:  Starting At 4%

Closing Time: 2-3 days

Credit Score Minimum: We accept low Credit Score

Nationwide Lending and few other countries

Rehab Holdback required

MULTIFAMILY LOANS (+ Mixed Use)

Multifamily is our bread & butter as it's our preferred asset type outside single family investment properties. We provide both short term bridge loans as well as permanent financing with much more flexibility than traditional financing options available in the market. Super competitive pricing, great benefits, and a simple underwriting approach. 

Multifamily Bridge Loan Criteria

Loan Amounts: $500,000- $30,000,000

Loan Terms: 12-48 months (extensions available)

LTV: 85.00%

Interest Rate: starting at 4%

Lien Position: 1st and 2nd

Nationwide Lending and few other countries

Closing Time: Avg. 3 days fast close

Amortization: Interest Only

Purchase, Refinance, Rehab, Reposition, Value Add, Bailouts

NO Appraisal Required on deals above 2MM

 
Long Term Multifamily Financing
Loan Amounts: 300,000- 30,000,000
Loan Terms: 10 years Hybrid
Amortization: 20 years
LTV: 80.00%
Interest Rate: starting at 4%

Lien Position: 1st
Nationwide Lending and few other countries

Closing Time: Avg. 3 days fast close
Purchases and Refinancing only.

FAQ

Is an appraisal Required?
Appraisals are required for all single family transactions and multifamily permanent financed deals. Multifamily and mixed use bridge loans above $2M are not required to order and appraisal. Certain markets for single family rehab and bridge loans will only require a BPO (Broker Price Opinion).
 

Do you lend on owner occupied?
Yes we lend on owner occupied. Also, we will lend if it's a vacation home, investment property, or 2nd home.
 

Any credit score requirements?
We accept low credit score
 

Will you Fund Rehab Cost?
Yes. We offer Rehab Funds

 

Do you lend based on ARV?
Yes. Maximum ARV is currently 70-85% & We also offer 100% funding

 

Are there any escrow requirements? 
Yes. Taxes and insurance are to be held in escrow in most cases. 

 

How Are monthly payments made?
Monthly payments are paid to our account officers through wire transfer, Direct deposit, Bitcoin payment, money gram, western union, Walmart to Walmart.

 

What Closing Cost can we expect?

On all loans, you can expect to pay cost for document preparation, title and legal, origination. Appraisal cost (if required) is paid out of pocket once terms have been accepted by the borrower. 

 

How long does it take to close?
Bridge loans (including fix & flips) close within 2-3 days. Permanent financing generally takes about 5 days. Closing times will greatly depend on borrowers ability to return items for underwriting review and 3rd party report turn around time.