Your Trusted Partner in Investment Property Financing
At the Academy Fund, we are deeply committed to serving the unique needs of military veteran real estate investors. If you're considering partnering with us for your investment property financing needs, here’s what you should know about our process.
THE ACADEMY FUND:
At the Academy Fund, we are experts in private real estate lending — a type of asset-based financing where the loan is secured by real estate. Specializing in short-term, bridge financing exclusively for investment properties, we cater to a diverse array of projects. Whether you are focused on “fix-and-flip” projects, land development or new construction, we act as your reliable financial partner. Our goal is to fill the gaps often left by conventional banking institutions, ensuring your real estate aspirations are not just visions, but achievable realities.
We are excited to announce that the Academy Fund now offers long-term financing for investment properties! Whether you're looking to finance a single-family rental, a multi-family property (up to 10 units), or an entire rental portfolio (up to 20 units), we can help. We provide competitive rates and a seamless process from start to finish.
Our Lending Expertise
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Our aim transcends mere financial transactions; we invest in your project's success. In addition to your experience level, we evaluate your rehab budgeting skills and overall project commitment. Our support system extends beyond funds; we equip you with tools and resources crucial for your success.
What We Look For in a Borrower
How does the Process Work?
1. Secure Your Project:
Get your project under contract and have a comprehensive grasp of the associated budget and costs.
2. Apply Online:
Submit your loan application for our team's evaluation.
3. Thorough Due Diligence:
Upon receipt of your application, our team promptly engages in a rigorous due diligence process. Once approved, we'll present you with loan terms for your approval.
4. Funding and Closing:
Upon your acceptance of the loan terms, we expedite the funding process, ensuring we meet your project's critical deadlines and support its success from start to finish.
WHY ACADEMY FUND
Why Choose the Academy Fund Over Other Private Lenders?
Our aim transcends mere financial transactions; we invest in your project's success. In addition to your experience level, we evaluate your rehab budgeting skills and overall project commitment. Our support system extends beyond funds; we equip you with tools and resources crucial for your success.
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What is the minimum loan amount you provide?Our loans start at a minimum value of $50,000.
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Is a personal guarantee required?Yes, we do require a personal guarantee for our loans.
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What is the typical Loan-to-Value (LTV) ratio for your loans?For fix and flip as well as new construction, we typically offer 70% LTV with Loan-to-Cost (LTC) ranging between 85-92.5%. For Refinance/Cash-outs, it's 80% LTV.
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Do you offer fix and flip loans? What are the terms?Yes, fix and flip loans are our forte. The terms align with the LTV and LTC ratios mentioned above.
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What types of loan products does the Academy Fund offer?The Academy Fund specializes in offering bridge and short-term 1st lien financing primarily for 1-4 SFR investment projects. We also consider multifamily, commercial, and mixed-use projects, albeit on a selective basis.
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What is the maximum loan amount offered?Our maximum loan amount can extend up to $10 million, depending on the specifics of the project.
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What is the typical timeframe for closing a loan?We aim to close within 5-7 business days, contingent upon timely receipt of due diligence items from the borrower and the title.
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Does the Academy Fund provide pre-approvals?Yes, we offer pre-approvals. However, this does not guarantee loan issuance; it is subject to satisfactory valuation and final underwriting decisions.
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How are appraisals handled?An internal valuation is conducted during origination. Depending on various factors such as property type, project scope, borrower experience, and market conditions, we may waive an external appraisal or Broker's Price Opinion (BPO) to expedite closing. In such cases, we will obtain the appraisal post-transaction. We are also open to considering appraisals provided by borrowers.
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Do you provide loans to both individuals and entities?Indeed, we cater to both individuals and entities.