As the world works to regain its footing amidst the COVID pandemic, we wanted to touch base to let you know that Navigator Private Capital is still lending.
We are hopeful that any damage done to the global economy and to real estate markets, in particular, will be short-lived. We have every confidence in the tireless efforts of front-line medical professionals and scientific researchers working furiously behind the scenes to contain this pandemic and, ultimately, restore normalcy. We extend our humble gratitude for their continued service.
As we forge ahead, we have adjusted our lending criteria to reflect current market conditions. We fully expect that these criteria will continue to evolve as time goes on so please check back with us often. Currently we are offering short-term fix and flip loans to experienced rehabbers with good credit (generally scoring above 650). To ensure the viability of each deal, we also now require each borrower to take a significant financial stake in the project in the form of an initial down payment and six months of loan payments brought to closing.
We believe that, by taking these steps, we will be protecting our borrowers and partners in the long run. As always, we want to ensure that each project we finance is a success.
Want more specifics? Give us a call at 443.603.0193 or email us at firstname.lastname@example.org to discuss your deal options.
And remember—if you are searching for your next project, check out our list of properties fully vetted and available for expedited sale.