About Prime Short Term Credit
We are a premiere collateralized lending platform designed to provide short term credit for building asset-based investment strategies. We work with experts in real-estate development, business development and other lending opportunities to help these individuals (or businesses) grow their asset-based portfolios.
Frequently Asked Questions
Each individual business must provide assets for every short term credit opportunity that we provide. This translates into “collateralized lending”: Prime Short Term Credit offers the financial backing to help a business grow, provided that they have one or more types of collateral:
- Real Estate
- Business Lending
- Commercial Development
- Other Collateral or Equipment
- Transaction Financing
Home ownership provides security for individuals to build an investment over a lifetime. However, the ways that new generations buy homes has evolved:
- Looking for walk-in-ready homes
- Convenient locations in a good neighborhood
- Modern amenities and up-to-date features/colors
These considerations make house-flipping attractive for experienced renovators offering:
- High returns
- Short term credit financing
Taking care of home maintenance and changes on your primary home may be worthwhile for small projects (painting, landscaping, etc). DIY projects can be risky:
| Concentration Risk | You will only be able to work on one property at a time, with all your own financing at risk. |
| Lack of Experience | You will need to rely on experts for more complicated tasks. Sourcing top-quality contractors can be tricky unless you already have a rolodex of contacts ready to go. |
| Time Consuming | When this is a secondary project, it will take far longer than anticipated, especially when you run into issues beyond your expertise. |
As an experienced company with a wealth of opportunities, we have minimized the challenges that individuals face with the prospect of house-flipping:
| Broad Risk | Taking on everything from business lending, commercial rental properties to individual homes, we are positioned to weather many changes in the real estate market with a broad portfolio. |
| Vast Experience | Drawing on multiple operators to renovate properties, we have a plethora of experience in various renovation opportunities. |
| Breadth of Assets | Using our large portfolio of assets allows us to leverage additional financing if needed. |
More Information
Technically short term credit falls under a few different offerings:
| Collateralized | Traditional collateral (home, equipment, business) is put into the contract. |
| Cashflow | For rental units or businesses, using the cashflow as collateral provides the assurance that the financing will be paid back appropriately. |
| Credit Line | Financing for qualified individuals or businesses with a history of top-quality repayment. |
Each project starts with the Partnership Lifecycle
- Operator Approval:
- NDA required
- Standard background checks: W2, drivers license, bank reference
- Experience & expertise
- Property Appraisal & Diligence:
- Appraisals from Operator and Prime
- Analysis of any cash-flows
- Title search and closure
- Project Scope & Use of Funds:
- Timeline
- Architecture review
- List of contractors/vendors
- Measure & manage
- Closure & Transfer:
- Punchlist
- Separation/transfer docs
- Sale closure
Each project starts with the Partnership Lifecycle
- Primary-Owner
- Provides financing
- Leverages assets to build portfolio
- Builds new relationships
- Primary driver is monthly interest
- Secondary-Operator
- Finds properties in growing markets
- Assesses opportunities for viability
- Manages or performs renovations
- Primary driver is total return
