How do I know that the Property I am lending on is worth what is presented to me?

Before any loan is presented to an investor a basic computer appraisal is done to estimate the property value. Prior to the closing a full appraisal will be performed by an NADA certified appraiser at the borrower’s expense.

Who represents the lender at the closing? Do I have to be there?

Exceptional represents the lender at all closings. We make sure that every document is filled out correctly and notarized when necessary. We provide you with a completed checklist of all procedures performed at the closing. Any legal documents that need to be recorded are recorded in your name, and the originals sent to you. Lenders may witness the closing in person, if they so

desire.

What happens if there is a fire or storm?

Before the loan is closed Exceptional ensures that hazard insurance is in force and the premium is paid. The lender is listed as the loss payee providing protection in the event a hazard does occur.

How do I know that the borrower is a good risk?

Exceptional checks available credit and does a background report, through its affiliates. We verify and evaluate the findings before making any final recommendations. Approximately 30% of the loan applications that we receive are rejected by our staff and are never presented to an investor.

Who determines the interest rate and the term of the loan?

You do! Exceptional will make recommendations based on all the factors involved and applicable laws. Remember, you are the bank. On average the term of  loans will range from 6 months to 5 years. Interest rates will range from 10% to 12%.

What happens if an emergency arises and I need my money back?

Even though these kinds of loans are not as liquid as other investments you do own valuable paper. In short, you can usually sell the loan to one of our other investors or the loans can be used as collateral at a bank.

Do I have to take all loans presented to me?

You may take all the loans presented to you, or none. You tell us how much you want to loan and we try and fill your request.

What do I need to get started?

You only need two things:

(1) A strong desire to succeed the smart way.

(2) Capital as little as $25,000.