LBC Capital Fixed Income Fund, LLC caters to investors (through a safe investment secured by real estate and its ROI of 8%), brokers, realtors, and borrowers. It's a company that offers convenient and easy access to hard money loans and private money loans.
We're not the type of company who will take advantage of its borrowers' difficult situation or make them struggle just to locate a reliable private financing source. Here are the most frequently asked questions we get from borrowers.
- How much do we loan? The company keeps the industry standard $30,000 to over $1,000,000 amounts in terms of brokered loans. The first-time home buyer composes most of the market. Most of our loans specifically range from $30,000 to $350,000 on average. It is our mission to look for long-term properties that will produce an attractive rental cash flow.
- What is the loan-to-value that we loan on? LBC Capital Fixed Income Fund's long-term loan program can loan for up to 60% of the after-repaired value of a property.
- Why is the return less than what is says in the LBC Capital Fixed Income Fund website? LBC Fixed Fund reserves the right to charge an annual servicing fee that's derived directly from a percentage of your return of investment.
- Can the loan you've borrowed be paid off before it matures? Yes. There are no repayment penalties when it comes to our loans. Prior to maturity, they can be paid in full or in part anytime you want.
- Is there a need for an appraisal? There are certain circumstances where an appraisal is needed, specifically during times when a borrower wants to obtain LBC's maximum loan-to-value or when a given property's fair market value is hard to determine. In the majority of cases, finding the fair market value is a simple task, so appraisal isn't needed for the most part.
- How quickly can a loan be funded? Again, this depends on the situation, but on average, funding happens 10 business days after we receive a borrower's loan application. Attaining funding of the expeditious type is also possible.
- What is the benefit of loan fund borrowing when compared to borrowing an interim or bridge loan source? The LBC Capital Fixed Income Fund's fund principles make all the decisions. There are no formal loan committees to be found in our company, which means decisions can be made quicker than in other firms. We have capital available to lend for loan funds, so we don't need to look for individual investors compared to other short-term loan services.
- When will borrowers receive their 1098? Every 31st of January.
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