FAQ

Questions? We have answers.

  1. What Services Does Amani Lending Group Offer?
    We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and have high-equity off-market property leads available, so you are not competing with other investors in your area.
  2. What are the benefits of private money lending?
    Benefits include quicker access to capital, flexibility in loan terms, no minimum credit score requirements, and the ability to secure financing for properties that may not meet traditional lending criteria.
  3. Are you a Lender or a Broker, and are there fees or commissions involved?
    We are both a lender and a broker. If, for any reason, we cannot provide the funding you need, we have a large network of other lenders we work closely with, and we can broker the funds to you. We believe in providing options to investors so you can secure the best rates and the quickest closings. If you’re in need of 100% funding, we also have split equity opportunities available to cover your purchase, rehab, and closing costs. Regardless of the loan type, there is always a 3% broker fee, which is standard in the industry.
  4. How do you decide the amount to lend?
    Lending decisions are based on the asset you have under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab cost. Ask us how you can qualify for up to 100% financing.
  5. I need 100% financing. Can you do that?
    Yes, when joint venturing with us, we can provide up to 100% financing.
  6. What Does True 100% Funding Mean?
    We will lend up to 100% towards your purchase, rehab, and closing costs—up to 70% of the After-Repair Value (ARV)—when a joint venture is established between Amani Lending Group and the borrower.
  7. How long does it take to close a transaction from start to finish?
    Typically, about 14 days after we receive all required documentation. However, gathering all required documentation can take three to four weeks. The key factor is how quickly you and your team can provide the necessary paperwork. We can complete our process in approximately 14 business days, but investors seeking funding often take longer to submit complete documentation. We recommend planning for a 30-day timeline whenever possible.
  8. What Does FHA Cap Mean?
    The FHA Cap represents the maximum loan amount for a property in a given county. To find the FHA Cap for your investment property’s location, visit FHA Mortgage Limits (hud.gov).
  9. What Does ARV Mean?
    ARV stands for After-Repair Value. It is the estimated value of a property after renovations are completed.
  10. What Does Asset-Based Lending Mean?
    Asset-based lending is a type of loan where approval is primarily based on the value of the real estate under contract rather than the borrower’s creditworthiness. While a borrower’s ability to repay is considered, loan approval and loan-to-value ratios are primarily determined by the property’s value.
  11. What are your Loan Terms?
  • Amani Lending Group offers loan amounts from $30,000 up to the FHA Cap in the county where the property is located. Additional funding solutions may be available based on the property type and loan structure.
  • Interest rates start at 7% annualized with an origination fee from 0-3%, and there are no prepayment penalties (Rates are based on credit score, but credit score does NOT determine loan approval).
  • Loan Terms: 6 Months to 2 Years for fix & flip loans, and 30 Years for buy & hold or refinance loans.
  • One loan is approved per applicant until a proven track record is established.
  1. Do I need an appraisal, and how much will it cost?
    Yes, Amani Lending Group requires an appraisal before closing. Appraisal costs typically range from $400 to $700, depending on the property’s location.
  2. Is a Licensed & Bonded Contractor bid required?
    In most cases, we require a licensed and insured itemized contractor bid before we can process the loan.
  3. Is my information kept confidential?
    Absolutely! Your privacy is our top priority. Any information you provide is kept completely confidential. If you are looking for a reliable and reputable company that will treat you with professionalism, understanding, and respect—Amani Lending Group is here to help!

Still Have Questions?

We’re here to help! Contact us today to discuss your funding needs.