Some lenders charge interest on the whole loan amount, even when that amount may not be accessible to the borrower.
Other lenders may charge interest only on the funds that have been disbursed over the course of the draw schedule.
At Patch of Land, we can fund your first loan in as little as 7 days. Whether you're looking for capital for a Fix & Flip, Rental, or Commercial property, we have a loan program to meet your needs. Once you've funded your first loan, faster approval times and more financing options can make the process even easier for future loans.