As a real estate investor, whether you’re an experienced rehabber or completing your first fix and flip, understanding how a construction hold-back works is important to help you complete your project quickly and cost-effectively.
You’ll work with your personal loan officer to create a draw schedule that meets the needs of your project. We fund all construction draws and arrears, reimbursing you for the completed labor and purchased materials.
The average turnaround time from initial request to funding takes about 5 to 7 days.
Get that rehab funded NOW! When you’re ready for funds, the process is easy.
When compiling your rehab project and draw schedule, it’s important for you to complete an accurate rehab budget and follow the draw schedule. This will ensure a quick and accurate funding of all draw requests. When you’re ready for funds, the process is easy. When we receive the draw request, our third-party service provider assigns an inspector to your project. Once we have received and reviewed the inspection report and the documents are complete, the funds will then be deposited to your account within 24 hours.
The visionary and dynamic leader of Nova Money Lenders, LLC, an emerging private money lending institution. With a passion for innovation and a deep understanding of the lending landscape, Elizabeth is dedicated to driving the success of the company.
Drawing from her extensive experience and solid educational background, including a BSC in Mathematics and Physics from the University of Guelph, Canada, and a Certificate of Marketing from McGill University in Montreal, Canada, Elizabeth has developed a comprehensive knowledge of market trends, risk assessment, and strategic financial planning.
Throughout her career, Elizabeth has focused on both the investing and lending sides of the real estate sector, accumulating over 35 years of experience. She has honed her skills in various specialties, including real estate wholesale, fix and flip, rental properties (single family and apartment buildings), mortgage notes (1st and 2nd) (performing and non-performing), creative financing, foreclosures, short sales, and more.
Outside of her professional pursuits, Elizabeth indulges her love for fine jewelry, even becoming a bench jeweler, a budding gemologist, and a diamond appraiser.