Plenty of shops imply they lend everywhere. Licensing for business-purpose real estate lending is set state by state, and it follows the property, not our office. These are the states where we can arrange financing today.
Business-purpose loans on non-owner-occupied property. Capital availability inside these states still varies by program, property type, and loan size.
Charleston and the South Carolina Lowcountry are home, and the Southeast is where we do the most volume. The rest of the list is open for business all the same.
Not because the capital is unavailable. Because arranging a business-purpose loan secured by 1–4 unit residential property in these states requires a license or registration we do not currently hold.
California, Arizona, Nevada, North Dakota, South Dakota, and Vermont regulate business-purpose lending regardless of what secures the loan.
Oregon, Idaho, Utah, and Minnesota exempt commercial collateral but not residential investment property, which is most of what we do.
New York, New Jersey, Michigan, and Pennsylvania treat the brokering activity itself as the trigger. Florida applies its mortgage broker licensing framework, and Illinois and Nebraska maintain loan broker licenses.
North Carolina requires a filing with the Secretary of State. Washington, D.C. is held back pending clarification of what applies there.
This list reflects our own review of state requirements for arranging business-purpose loans secured by non-owner-occupied residential property, and is not legal advice to anyone else. Requirements change. If you have a deal in a state that is not listed, send it anyway — we would rather tell you no in one phone call than have you wonder.
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