No Application Fees
Borrower pays Lender’s attorney fee. Typically $1,500.
5% Prepayment Fee on Business and Investment Loans.
0.375% Commitment Fee paid at closing.
Rates can vary but typically are just 1-2% over prime.
20-year terms available for Business and Investment Loans.
Up to 30-year terms for Residential Rental Properties.
No hard and fast rule.
Depending on the situation, we can loan up to 100% of the project or property cost.
Typical Loan to Value is 90%.
Don't just take our word for it—hear what our satisfied customers have to say! Below are a few of the experiences shared by those who have trusted us to deliver what banks can't.
“In an age where simple requests get bogged down by miles of red tape and personal attention is lacking, [RapidBorrow] is truly an exception to the rule.”
Working with Jesse and Paul has been a real pleasure. We are quick to refer their services to any who are in need of responsible lending. I am confident that we will continue to do more business in the future as opportunities arise.
The process was seamless from start to finish. Made it to the closing table quicker than any bank! Paperwork very straight forward. Can’t wait for the next project!
We're two entrepreneurs who believe in creating opportunities for other business owners and investors. Along our journey, we received valuable support from financial institutions, for which we're incredibly grateful. However, we also experienced firsthand the challenges and pain points of borrowing.
Uncomfortable with the volatility of traditional markets and satisfied with modest returns, we decided to take a different path—helping others by lending them money.
This approach resonated with many, and Rapid Borrow was born. We're proud to offer a lending model that puts people first. Want to learn more? Check out our FAQ for additional details.
There is no fee to apply and decisions are made usually within days.
Hit the Apply Now button to view our application form.
There are fees of course, but nothing hidden. In addition to paying the typical closing costs on the borrowers side of things (attorney; title insurance; property insurance; etc.) the borrower pays lender's attorney fee; a 0.375 % commitment fee and typically a 5% pre-payment fee on investment and flip properties.
We only loan to New York State investors or businesses with a project or property in New York State.
Why? There is more opportunity in New York than we can handle and being NY business owners, we know the ins and outs of doing business here.
We are ready to close! Typically closings happen within weeks of initial contact with Rapid Borrow.
Of course many things can impact the timing of a deal closing.
See our Closing Checklist!
