Why Black Square Lending Broker – Correspondent -Business Partner Program is the Best in the Country
Lucrative and Seamless Business Opportunity
With the Black Square Program, adding rental loans into your product offerings is easier than ever. The rental market is a $70 billion annual opportunity and growing. Residential brokers can use our Broker Program to keep their pipelines filled and commercial brokers never have to miss a loan opportunity. Black Square Brokers can earn up to 1-3% pts per closed loan. Here are additional, compelling perks of brokering:
- Repeat Business: Investors own multiple properties and offer counter-cyclical business opportunities
- Less Regulations: Our rental loans are outside of Dodd Frank and we do not require an NMLS license (except for in California)
- Fast Payouts: Our average closing time is 21 business days
- Less Work: Our in-house processing and Designated Account Executives keep your workload down
We Offer Your Clients a Superior Borrowing Experience
We are the Nation’s Leader in Rental loans for a reason. When you send us business you can be sure your clients will have a superior lending experience. We have outstanding reviews, and have loan programs specifically designed to meet your investor clients’ needs. Here are just a few of the many reasons we are the best:
- Customization: The Black Square Lending Loan Program is specifically designed for investors looking to grow their portfolios of single family (1-4 unit) rental and vacation rental properties. We have the most experience in the industry and have the customization investors need for their investment strategies, investors can choose their rate structure, origination fee, and even prepayment penalty.
- Direct Lender: While most lenders are reselling someone else’s loan product,Black Square Lending is one of the very few direct lenders to rental investors. By cutting out the middlemen (yes, men!) you get a better loan product and smoother borrowing experience.
- Highly Specialized in Rental Loans: We’ve closed over 3,000 rental loans. Our laser-like focus and rental loan expertise simply cannot be matched.
- Cash Flow Based Lender: To determine if our borrowers qualify for our loans, Black Square looks at the monthly cash flow generated by the property compared to the monthly expenses due. This means no DTI or personal income qualification AND no tax returns or 4506 requirements. We also do not have a limit on the number of mortgaged rental properties you can own, in order to enable professional investors to grow their rental portfolios.
- Great Rates and Terms: Visio offers bank rates at private terms as well as full 30-year amortizing loans with no balloons. Our maximum LTV for cash-out refinances is 70% and our maximum LTV for purchases is 75%.
- Portfolio and Vacation Rental Loan Programs: We offer financing for 4-8 rental properties in one loan with one closing and one monthly payment. Additionally, we make sense of the short-term rents and have a top-notch Vacation Rental Loan Program.
Are you looking for fix and flip loans?
Black Square is a fix and flip lender. We help you secure hard money construction loans from our hard money lender for rental property. When you’re looking for lenders for real estate investors, or private investor for real estate. We can provide rental property financing because Black Square is a rental property lenders.