To our friends, clients, and partners,
A number of you have reached out, and continue to reach out to us for information regarding the current state of lending, and funding of deals.
We are partnering with new sources of capital to provide funding options for investors. Updated Rates and Terms can be found here. While we anticipate this period of uncertainty and volatility to continue in the near future, we are providing funding. Submit your project for a quote, and we will respond as soon as possible.
Be mindful of the following;
There are disruptions with appraisals and inspections (both pre-closing, and during renovations) due to health and safety concerns.
In some states there is a pause on open houses, while in others there is a complete halt to any showings.
Holding times are extending as a result of health and safety concerns
Title companies and attorney offices are implementing new procedures for handling closings, and document signing.
With county court houses being closed there is an issue with obtaining title reports, and recording documents after closing.
Stay healthy and safe as we navigate these challenges. Let us know if there is anything, we are able to assist with.
All the best,
The team at MIRS GROUP