FAQ
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Navigating Investment Solutions
Are you wondering if Pyatt Lending Company is the right partner for your next project? Explore frequently asked questions to gain insight into private investing, the distinctions between private and traditional lending, and how Pyatt Lending Company's proactive approach sets us apart.
How Is A Balance Sheet Lender Different From Other Private Lenders
A balance sheet lender differs from other private lenders in that it primarily uses its own funds to originate and hold loans, rather than relying heavily on external sources of capital. This distinction often results in more stability and flexibility in lending decisions, as the balance sheet lender is not as dependent on market conditions or investor preferences. Additionally, the balance sheet lender typically retains the loans on its balance sheet, providing a longer-term commitment to borrowers.
Difference Between Private and Traditional Lending
While traditional lenders focus on credit scores, private lenders like Pyatt Lending Company prioritize collateral-based lending. As a balance sheet lender, we offer flexible requirements, in-house underwriting, and servicing, ensuring efficient and tailored financial solutions.
Cash Requirements for Purchase
Yes, a primary requirement for alternative capital or hard money loans is the need for funds to cover property investments and contingencies. Connect with us to determine the cash needed to successfully complete your project.
Credit Score for Private Loans
Private lending approval relies on asset value rather than credit score. Pyatt Lending Company considers credit scores for refinancing strategies, emphasizing high-yield projects through wise decision-making with our internal team of experienced professionals.
Loan Types and Terms
Specializing in short-term loans with up to 24 months' terms, Pyatt Lending Company supports diverse projects, including single- and multi-family residential, land development, urban infill, and bridge financing. Visit our loan page for detailed information on each unique loan option.
Exit Strategies for Alternative Capital Loans
Alternative capital loans are short-term, typically up to 24 months. After completion, viable exit strategies include selling, renting, or transitioning to a traditional lending institution. Pyatt Lending Company offers support throughout this transition.
Qualifications for Construction Bridge Loan Borrowers
Private lenders consider project net worth, DSCR, experience, cash reserves, and documentation for construction bridge loan approval. Credit scores are reviewed, but eligibility is not solely determined by them.
Choosing a Private Lender
Look for flexibility, fast turnaround, fair rates, excellent communication, and market experience in a private lender. Pyatt Lending Company takes pride in meeting these criteria and more.
Financing Your Project with Pyatt Lending Company: Streamlined 5-Step Process
Partner with Pyatt Lending Company to experience a streamlined 5-step loan process, including Discovery, Letter of Intent, Diligence, Approval, and Closing. Visit our Process Page for information.
Project Size and Loan Options
Pyatt Lending Company caters to diverse projects up to $3 million, offering terms up to 24 months. We provide senior, secured debt with LTV up to 65% and LTC up to 85%.
Geographic Scope
Pyatt Lending Company is currently lending for projects in Washington, Colorado, and Idaho.