FAQ

  • Do you lend to first-time investors?

    Yes, we work with first-time investors! We can help you find a loan product that suits your level of experience and goals.

  • Can I use you to buy my personal residence?

    No, we are a commercial lender that lends to businesses only rather than individuals. All of our loans are for non-owner occupied properties and require a business entity.

  • Do I need an appraisal?

    It depends. Many of our lenders do not require one, while others do. Some require just property photos, while others do their own research. It will also depend on the timeline and type of loan.

  • How fast can you close?

    We can also within a week if needed! Most of our loans average around the 10-15 day mark but if you need funding fast, let us know and we will help navigate that with you and get your money fast!

  • Do I need a business entity to secure a loan with 507 Capital?

    Yes, we currently only lend to business entities.

  • What is your minimum credit score requirement?

    This will depend on the lender we decide to use. If you have a lower credit score, we have lenders who may be able to work with that. If you have a higher credit score, we have certain lenders that we’ll use to get you the best rate possible.

  • What fees should I expect?

    Fees mostly include origination fees, processing fees, and other third-party costs such as title work, legal fees, or inspections. We will provide a full breakdown of costs upfront.

  • Do you offer long-term financing?

    Yes, we have options for both short-term loans (e.g., fix-and-flip) and long-term rental loans, depending on your needs.

  • What documentation do I need to apply?

    Required documents vary by loan type but typically include proof of business entity, property details, financial statements, and a business plan for the property.