Alternative Financing: Most forms of alternative financing still requires a fair amount of type-specific due diligence. Credit decisions are not solely based on financial conditions but can be based on pure assets or separate factors that can play a role, such as PO purchaser status.
We will require specific information before issuing a contract and an LOI. We only issue LOI’s and contracts that we know will fund. In the event of the acceptance of the LOI issuance, a reasonable origination and locking fee will be required. In the event of non-performance on our part, under the guidelines of the LOI, this origination fee is (conditionally) refundable.