DENVER, March 30, 2011 /PRNewswire/ — Stout Street Funding has introduced 1-2-3 Funding, a program designed to speed up the time it takes for real estate investors to get a private hard money loan.
By completing an online loan pre-approval form, borrowers can receive an initial response in one business day. Once pre-approved, the borrower receives a clear set of instructions about what information is needed to get a final approval. Upon providing the needed information, an answer about approving the loan is guaranteed within the next 2 business days. After all the final requirements are in place as outlined in the approval, the loan is guaranteed to fund within the next 3 business days.
“One of the biggest problems facing real estate investors is getting funding as quickly as possible,” said Cash Doye, president of Stout Street Funding. “It can make the difference between making the deal or having it fall apart at the last minute.”
The new 1-2-3 Funding program is designed for real estate investors working with non-owner occupied properties. These are short-term loans for single-family, multifamily, and mixed-use residences as well as townhome or condominium projects.
The recent wave of foreclosed properties around the country has created opportunities for real estate investors who want to acquire a property, restore it, and sell it to a new homeowner. The biggest challenge is often getting the funding needed to make the investment.
“A key to success for real estate investors is speed,” said Doye. “With the market constantly shifting, they need to acquire the property, do the renovations, and get it sold quickly. That’s why the 1-2-3 Funding program was created — to help accelerate the funding process.”
Stout Street Funding is fully licensed and lends in 42 states, covering virtually every major metropolitan area in the country.
The company processes, underwrites, funds, services, and manages each loan it originates. As a private lender, Stout Street provides a viable alternative for real estate investors.
Stout Street Funding is a founding member of the American Association of Private Lenders (http://www.aaplonline.com) and fully conforms to its code of ethics.
They are an independent business unit of Braddock Financial Corporation, an SEC-registered investment adviser that manages investment vehicles with a strategic focus in the structured finance sector of the fixed income market.
For more information on Stout Street Funding and the 1-2-3 Funding Program, go to http://www.stoutstreetfunding.com
Cash Doye President, Stout Street Funding
(720) 235-4920 – email@example.com
SOURCE Stout Street Funding
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