Borrower Requirements
Loan qualification and eligibility.
Loan Qualification & Eligibility
What Are the Credit Score Requirements?+
Generally, Brighton Asset Management requires a minimum credit score of 620. However, every loan is evaluated holistically based on collateral value, available equity, borrower experience, liquidity, additional collateral, and the proposed exit strategy, so there may be flexibility 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, documentation is still required to help assess the borrower's financial position and ability to service the loan.
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 (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.
Do I Need Cash Reserves?+
Yes. Borrowers should generally maintain a minimum of $15,000 of liquidity to support the project, loan servicing, and any unexpected costs. This minimum may increase with loan size.
Still Have Questions?
Our lending team is happy to discuss your project and determine whether it's a fit.
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