Questions? We have answers.
1. What Services Does BLUE JAY PROPERTY DEVELOPMENT Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and high-equity off-market property leads—so you aren’t competing with other investors in your area.
2. What Are the Benefits of Private Money Lending?
Benefits include quicker access to capital, flexible loan terms, no minimum credit score requirements, and the ability to finance properties that may not meet traditional lending criteria.
3. Are You a Lender or a Broker, and Are There Fees or Commissions?
We are both a direct lender and a broker. If we can’t provide the funding you need, we work with a network of trusted lenders and can broker the deal to get you the best terms. We aim to provide you with the most competitive rates and the fastest closings possible. For 100% funding, we also offer joint venture opportunities. A 3% broker fee applies to all loans, which is standard in the industry.
4. How Do You Decide the Amount to Lend?
It is based on the asset you have under contract. Generally, we lend up to 90% of the purchase price and 100% of the rehab costs. Ask us how you can get up to 100% funding.
5. I Need 100% Financing. Can You Do That?
Yes, we offer up to 100% financing when joint venturing with us. This includes purchase, rehab, and closing costs.
6. What Does True 100% Funding Mean?
It means we fund up to 100% of the purchase price, rehab costs, and closing costs—up to 70% of the ARV (After-Repair Value)—when a joint venture is formed between BLUE JAY PROPERTY DEVELOPMENT and the borrower.
7. How Long Does It Take to Close a Transaction?
We can typically close within 14 business days after receiving all required documentation. However, gathering documents often takes 3–4 weeks. Plan for a 30-day timeline when possible. If timing is critical, let’s discuss your deal early.
8. What Does FHA Cap Mean?
The FHA Cap refers to the maximum loan limit for a given county. You can look up the cap for your area here: FHA Mortgage Limits – HUD.gov
9. What Does ARV Mean?
ARV stands for After-Repair Value, the estimated value of a property after renovations are completed.
10. What Is Asset-Based Lending?
Asset-based lending is based on the value of the property rather than the borrower’s credit. While creditworthiness is considered, the property value primarily determines the loan amount and approval.
11. What Are Your Loan Terms?
- Loan amounts from $30,000 up to the FHA Cap in your area
- Additional funding based on your contract and loan type
- Interest rates starting at 7% annualized with 0–3% origination fees
- No prepayment penalties
- Terms: 6 months to 2 years for fix & flip, up to 30 years for buy & hold/refinance
- One loan approved per applicant until track record is established
12. Do I Need an Appraisal and How Much Does It Cost?
Yes, an appraisal is required. Appraisal costs range from $400 to $700 depending on the location of the property.
13. Is a Licensed & Bonded Contractor Bid Required?
In most cases, yes. We require a licensed and insured, itemized contractor bid before processing your loan.
14. Is My Information Kept Confidential?
Absolutely 100%! Your privacy is our top priority. All information shared with us is completely confidential. If you’re looking for a reputable, professional company that respects your privacy and works with integrity—you’ve come to the right place.
Still Have Questions?
We’re here to help. Contact BLUE JAY PROPERTY DEVELOPMENT today and let’s fund your next great deal.