A direct lender is a credit provider who offers loans directly to borrowers without intermediaries. This means that the lender finances the deal with its own balance sheet rather than originating through another lending source. As a direct lender, Bluestone handles the entire loan process and is responsible for underwriting the loan, setting the terms, and servicing the loan throughout its life. The main advantage of working with a direct lender like Bluestone is that you are dealing directly with the funding source which often leads to quicker closing timeframes.

Once a term sheet is executed by the borrower, Bluestone will order third-party reports including appraisal, title, etc. Depending on the location of the property, this will take 1.5-3 weeks. Generally speaking, Bluestone can close within a 14-21 day timeframe. On certain loans where third-party reports have already been recently ordered, Bluestone has closed in as soon as 3 business days.

Yes. Bluestone has the ability to cross-collateralize multiple properties to offer additional loan proceeds to borrowers who are short on cash. This allows borrowers to keep extra cash in their pocket while also ensuring that Bluestone maintains its standard loan-to-value (LTV) requirements.

Bluestone does not provide loans on land or ground-up development. Special-use asset types will be reviewed on a case-by-case basis.

A fix and flip loan is typically a 12-month loan designed to help real estate investors acquire, rehab and sell real estate for a profit. These loans cover a portion of the purchase price and most of the renovation costs. Most of the time, these properties are single-family or smaller multi-unit properties in need of rehab. The loan is repaid through the sale of the property when the real estate investor assumes their profit.

BRRR stands for Buy, Renovate, Rent, Refinance and Repeat. This is a common investment method used by real estate entrepreneurs who maximize their return on investment by limiting their expenses and utilizing real estate appreciation to access cash. These borrowers will leverage lenders like Bluestone to fix up a property and rent it out prior to refinancing through a conventional lender.