MBA Capital Funding Inc.
Frequently Asked Questions

1. How much of a down payment do I need?
   This depends upon the type of property, the loan program and the loan amount. Typically, the down payments range from 10% to 30%.
2. What are the interest rates and terms?
   This depends on the property financials, the buyers' experience and the current level of the prime rate.
3. What are the fees?
   Fees depend upon the loan size and the loan program.
4. How much time does it take to approve a loan?
   Usually 7 - 10 business days after we receive all the necessary documents.
5. How much time does it take to close a loan?
   Usually 30 - 45 business days after we receive all the necessary documents.
6. What is your Region of lending?
   All 50 states of the USA.
7. Can I get a fixed Interest rate loan?
   Yes, that is possible, although most loans are floating rates.
8. What is the Minimum and Maximum Loan Amount?
   We can secure financing for Loan amounts ranging from $150,000 to $150 Million.
9. What are the steps in closing a loan?
   1. After we receive all the information from borrowers, a term sheet is issued within 10 business days
   2. Following agreement on terms, issue of a commitment letter from the lender typically occurs within 10 business days.
   3. Closing of the loan will occur usually a few weeks after you submit all documents requested by the lender and all third party reports are completed (appraisal, environmental report, survey, etc.)  Generally, loans close within 30 - 45 days from the time the term sheet is issued.