Hard Money Lending
for Real Estate Investing

Terms & Conditions

Baseline Terms

  • 0 – 36 months
  • Funding for 80% of the purchase price and 100% of the rehab costs or up to 60-65% of ARV.
  • Escrow draws within 48 hours
  • Rate 10%-15% (interest only payments)
  • Points are charged in arrears (when you pay the loan off) and determined on a deal-by-deal basis.
  • 1% or 1500$ origination fee (whichever is greater)
  • Optional extension (additional fees may apply).
  • Mortgagee’s title policy and insurance policy required.

Borrower Requirements

  • Minimum credit score of 625
  • Background check
  • No experience requirements
  • Streamlined application process

Property Requirements

  • First liens required.
  • Loan amount is determined by CPL underwriting team based on property ARV.
  • Properties should be located in the greater Indianapolis area, including Bloomington, Muncie, and West Lafayette.

Frequently Asked Questions

Yes, at CPL Investments, we pride ourselves on our personalized and thorough service. Someone from our team will personally walk through your property as a second set of eyes and to run comps as a form of due diligence. This is what makes a local lender like CPL Investments different: We back your investment with our years of experience to make sure your success is maximized.

CPL Investments provides a vast array of services. We offer fix ‘n flip loans, bridge loans, transactional funding, new construction loans, commercial loans, and lines of credit. The CPL team is here to support you in finding the right fit for your real estate investment needs. We are committed to providing our clients with personalized and creative solutions to their real estate needs.

To initiate our client profile and assess the potential of our working relationship, we typically start with a background and credit check. We also consider the client’s experience in the real estate investment arena.

However, while these are important factors, our team focuses on character and relationship building to make the final decision. This means that credit scores, background checks, and experience or lack thereof do not automatically disqualify someone from our services. We value open and honest communication and are willing to work with someone who demonstrates these qualities.

If you are concerned about either of these measures, we encourage you to reach out and have a conversation with us.

Payments will typically be due each month on the 1st or 15th, depending on the closing date. We accept payments via check, automatic bill pay through your bank, or Zelle. Each deal is personalized, so if you have any concerns or special needs around payment plans, let our team brainstorm ways to make it work.

We typically break down the fund release into approximately four escrow draws per loan (25% per draw). By providing our team with receipts for work completed and supplies purchased, photos of the status of the property, as well as copies of needed permits, you will help us ensure that the project is on track according to the scope of work agreed upon at the start of the project. Once we’re able to confirm that everything is on track, funds will be released within one business day.

This proven and personalized approach allows us to support your investment and leads to a smoother timeline and fewer obstacles along the way.

No, we do not require a property inspection. However, we will always support having one done. Typically, our borrowers will have an electrical, foundation, or a roofing inspection done on their properties. Sometimes they will even complete all three.

Yes, we do provide proof of fund letters after final approval from the team. Just give us a call or send us an email with the request and we will get a proof of funds letter to you within 24 hours.

Yes! We are in the process of expanding our services to investors outside of Indiana. With a focus on the Midwest, we are excited and eager to expand our clientele to include folks from all over the region.

Yes! Again, we at CPL are focused on flexible and creative solutions to meet the individual needs of our clients. We are open to accepting unencumbered properties as collateral.

Contact us if you have any further questions!

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