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ABOUT AMIDA LENDING

Who are Amida's borrowers?

  • Loans are generally made to experienced real estate professionals who identify properties that have intrinsic value at the time of purchase
  • Generally, the borrower intends to renovate the property and add value before offering the property for resale
  • The borrowers’ frequently find opportunities to purchase properties through short sales, foreclosures, and sales of bank owned properties


Why not borrow from a bank instead?

  • The standard time frame that banks take to underwrite, fund, and close a deal is typically anywhere from 30 (thirty) to 60 (sixty) days
  • In most cases, the properties Amida’s borrowers seek to acquire need to be funded within a week or less due to the nature of the acquisition method being used to purchase the property
  • Amida’s speed, flexibility, valuation metrics, and reliability all help facilitate a timely loan transaction which help meet the Borrower’s needs


How does this process create value for both Amida and OUR borrowers?

  • Amida’s borrowers know their market and how to purchase assets cheaply and are using their own capital to make renovations and improve properties
  • The developers secure financing from Amida to buy properties, improve properties to “unlock value”, and sell finished asset to liquid and deep market of cheaply financed home buyers
  • Once the property renovation is completed, consumers are generally willing to pay a premium for a new or renovated home
  • Home buyers have access to inexpensive, conforming mortgage loan financing which increases the pool of potential home buyers and keeps move-in ready real estate prices high
  • While these non-owner occupied single and multi-family home renovations represent a significant portion of our loan portfolio, flips and other loans are structured as appropriate based on the current opportunity set
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Amida Lending is not a chartered bank or trust company, or depository institution. Amida Lending is not authorized to accept deposits or trust accounts, nor licensed or regulated by any state or federal banking authority. Amida Lending makes commercial, business purpose loans. Loans are for investment purposes only and not for personal, family, or household use. Loan product availability may be limited in certain states. Nothing contained in this site can be construed to be a commitment to lend. All loans are subject to borrower underwriting, asset underwriting and credit approval, in Amida Lending's sole and absolute discretion. Other restrictions apply. Specific facts and circumstances of each proposed loan affect whether Amida Lending may be authorized to make loan in a particular state.

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