FREQUENTLY ASKED QUESTIONS

Listed here are common questions loan applicants have. If you have any questions, feel free to contact us at 516-775-8800. We are happy to assist you and get you started on the loan process.

How quickly can you close?

We can close in as little as 48 hours.

Do I need good credit to get a loan?

When evaluating a loan Rock East Group does take personal credit scores into consideration.

Do I need cash to close?

You will need cash for the unfunded portion of your project and closing costs.

What initial paperwork do I need?

You will need to complete and submit our loan application, which is on our website. We will also do a credit check. That is all.

What income requirements do you require?

We don’t have any income requirements for “buy, fix and flip” loans and we don’t ask for tax returns or bank slips.

Will you re-finance my property if I own it and want to rehab and sell it?

Yes, we can help you re-finance the property if you plan to rehab and sell it. However, we do not re-finance properties that are owner-occupied.

What are your lending limits?

We do not have a set minimum or maximum we will lend. You are welcome to apply for a loan regardless of how big or small the amount.

Are there any properties you won't provide loans for?

We do not lend for owner-occupied houses, malls and hotels.

 

Still looking for answers?

 If your question is not answered in this FAQs section, feel free to contact us at 516-775-8800. We are happy to assist you and get you started on the loan process.