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Pitch Lending
Sacramento, CA·Founded 2017·Nationwide
Terms & qualification
- Typical loan size
- $50K – $50M
- Typical term
- 24 mo – 25 yr
- Interest rate
- 3% – 10%
- Origination / points
- 1% to 5%
- Minimum FICO
- 600
- Lien position
- 1st, 2nd
- Prepayment penalty
- yes
- Payment structure
- Amortized
- Recourse
- Sometimes
- Closing speed
- 45 days typical · 30 days fastest
- Cross-collateral
- Yes
- Equity / JV capital
- No
- Income documentation
- Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application, Appraisal Required for Commercial Property, Sometimes, Broker Price Opinion (BPO) Accepted for Commercial Property, Sometimes
- Borrower entity
- Individual(s), LLC, Limited Partnership, Trust, Corporation