It can take 30 days subject to your cooperation in a timely manner.
We are direct Lenders and Investors who have our own Private Funds and we also deal with trusted third party funders.
Yes, there are fees involved. The fees ONLY become payable when your project has been approved for entry into our fund. At that point a Commitment to Fund will be issued, upon acceptance a fee becomes due. There are also closing costs payable on signing of our JV Loan Investment Contract. (It is possible to obtain Bridge Funding for part of the Closing Costs for qualifying clients.)
No, these fees are an expense incurred by SIWIEC and not a profit. The fees are to cover the following: compliance, underwriting to a commitment with document issuance and legal costs to prepare a 36-page contract and issue. If an applicant did not cover these fees, then their investment into the transaction would be zero.
No, following the review of your project information, we would advise whether we have interest or not. if yes, then once our procedure is followed and adhered to you would be approved.