Loan Qualification Requirements

What Are Brighton Asset Management's Credit Score Requirements?

Generally, Brighton Asset Management requires a minimum credit score of 620. However, every loan is evaluated holistically based on factors such as collateral value, available equity, borrower experience, liquidity, available additional collateral that can be pledged, and the proposed exit strategy. As a result, there may be flexibility with the minimum credit score requirement depending on the overall strength of the transaction.

Do I Need Prior Real Estate Investing Experience?

No. Experienced investors may qualify for enhanced leverage or terms, but Brighton Asset Management often works with new or first-time real estate investors.

Can First-Time Investors Qualify?

Yes. First-time investors may qualify depending on the strength of the project, available liquidity, collateral position, and overall risk profile.

Will I Need Income Verification?

Business-purpose real estate loans are primarily underwritten based on the property, project, borrower strength, and exit strategy rather than traditional employment income. However, as part of the underwriting process, Brighton Asset Management requires documentation to help assess the borrower's financial position, liquidity, and overall ability to successfully service the loan.

Borrower Eligibility Requirement

Does Brighton Asset Management Require a Personal Guaranty?

Yes. Brighton Asset Management requires a personal guaranty for each loan that it funds.

Can I Borrow In My Personal Name?

No. Brighton Asset Management only originates loans to business entities (i.e., LLCs, Corps., TICs, etc.) rather than individuals.

Can I Borrow Through an LLC?

Yes. Brighton Asset Management commonly lends to limited liability companies and other business entities formed for real estate investment purposes.

Does Brighton Asset Management Lend to Foreign Nationals?

Brighton Asset Management requires that the borrower have an ITIN and a US bank account.

Financial Requirements

Do I Need Cash Reserves?

Yes. Borrowers should generally maintain a minimum of $15,000 of liquidity to support the project, the servicing of the loan, and any unexpected costs that may arise. This minimum required liquidity amount might increase with loan size.