Frequently Asked Questions

What information do I need when I call?

We can get started with just the property type and address.

How long does it take to get approval?

It is commonplace to receive approval within 24 hours.

Upon approval, how soon can we close?

Closing usually occurs 2-3 business days after approval. Expedited closings can be arranged if necessary to avoid additional penalty, fees or tax foreclosure.

What types of properties do you finance?

All real property types including individual and portfolios of residential and commercial assets. For example:

Office
Industrial
Retail
Apartment
Condominium Projects
Restaurant
Parking Lots
Single family lot developments
Raw land
Development/construction projects

All of the above property types can either be complete or currently under development/construction.

Can I finance current taxes and delinquent taxes from past years?

Yes. We can structure a property tax plan that will immediately pay off all current and delinquent taxes, penalties and interest, as well as any collection or attorney’s fees.

Do you pay personal property tax, federal income taxes, or fund for other purposes?

Generally, no. Our primary business is long-term financing for commercial property taxes. That being said, we will work with you to see if a creative solution can be found to fit your particular situation.

Can I get a property tax plan if I have a mortgage or other existing loan on my property?

Yes. It is commonplace that many of our borrowers will have an existing mortgage.

What out of pocket costs do I pay for a property tax loan?

None! All taxes owed, fees, closing costs etc are paid out of loan proceeds with no out of pocket expenses to the borrower.

How long is the term?

Loan term and loan amortization of up to 10 years (or, less if you prefer).

What is the interest rate?

Interest rate is set based on property type, condition and location; however, our rates and structure is significantly more favorable than what’s being charged by local taxing authorities.