FAQ

We lend up to 85% LTV of purchase price and up to 100% LTV of rehab costs provided the After Repaired Value (“ARV”) is 70% or less.

We lend up to 70% LTV of the purchase price or refinance.

We lend up to 75% LTV of purchase price on SFR and 2-4 Units.

Nope, never! We don’t get paid until your loan closes. Borrowers are only responsible for third-party costs such as appraisal fees. These costs are paid directly to the third party.

We lend on Fix & Flips, Rentals, Multi-Family, Mix-Use and Small Commercial Properties. loans solely for business purposes only (and not for personal or consumer use) and is exempt from licensing in all states in which it operates. Chambliss Mortgage Capital does not lend on owner-occupied properties, only residential investment, and commercial properties. We use private capital to fund our loans, so we do not lend to owner-occupied residential dwellings under any circumstances.

We currently lend in 40 states. A simpler question is what states doesn’t CMC lend in? We don’t lend in Arizona, California, Idaho, Nevada, North Dakota, South Dakota, Minnesota, Oregon, Utah Vermont.

Debt Service Coverage Ratio (DSCR) is a calculation that helps us determine if a rental investment is generating enough income to make its loan payment obligations. To calculate the debt service coverage ratio, simply divide the net operating income (Rental Income) by the annual debt (Principal, Interest, Taxes, Insurance and Association Fees).

A private money lender is an investor who makes loans secured by real estate, typically charging higher rates than banks but also making loans that banks would not make, funding more quickly than banks and/or requiring less documentation than banks.

Private money lenders are sometimes called “asset-based lenders” because they focus mostly on the collateral for the loan.

There are multiple ways to get the ball rolling. The easiest and most efficient is for you to complete our “Get a Quote” form or enter a basic deal summary on our “Calculator” pages. We respond to your inquiry within a few hours, and no longer than 24 hours. When we receive your inquiry, one of our Account Relationship Managers will review the information and then contact you to discuss your opportunity over the phone. We will provide basic terms for your consideration and if you like what you hear, we will follow up with a term sheet that outlines the numbers. If you have an immediate need or just prefer to talk to an Account Relationship Manager directly, call (504) 356-9100 or email support@chamblissmortgagecapital.com your information at any time flagging it as “URGENT” and we will respond immediately.

Experience is beneficial and it will enhance your loan terms, but we understand that everyone must start somewhere. We do lend to first time investors.

We strive to close all loans within 7-10 days faster than traditional banks or mortgage lenders. We usually close within 10 business days as long as there aren’t any unforeseen delays and all paperwork is completed.

Yes, provided you are not occupying the house and have no intention of doing so. We refinance many investors who pay all cash at foreclosure auctions and then use CMC’s loans to pull majority of their cash out to reinvest into more properties.

Yes, provided you are not occupying the house and have no intention of doing so. We refinance many investors who pay all cash at foreclosure auctions and then use CMC’s loans to pull the majority of their cash out to reinvest into more properties.

Our unique asset-based “Business Real Estate Line of Capital (BRELOC)” is similar to a line of credit, also known as a credit line. It is an open-ended, revolving loan that a real estate investor may access.

Just think of it as a traditional loan approval.  The line of capital isn’t disbursed to the borrower upfront. The borrower simply knows exactly what the max line pre-approval is for so they can start shopping.  Once they have a property under contract then we’ll underwrite the property and disburse the funds on the closing date directly to the title company that’s facilitating the closing.