Loan process typically follows below steps:

1. Initial Inquiry (Aktos receives loan inquiry with us as much information available via Contact Us or Get Funded toggles on this website – or emailed to info@aktoscapital.com

2. Aktos Capital reaches back, discusses lending alternatives and sends detailed email requesting information for complete loan submission.

3. Application submission is reviewed, preliminary terms discussed and Letter of Intent is Issued.

4. Letter of Intent is signed by required individuals with prior to processing information solicited.

5. Appraisal/Valuation is requested and short list of conditions is requested from borrower.

6. Final Underwriting is concluded and final terms are provided to borrower(s)  after appraisal value has been received/reviewed and conditions including title and insurance are cleared.

7. Closing package is submitted to title company on average 48 hours after final underwriting has been concluded and a signed final loan term sheet has been confirmed by the borrower.  

8. Funds disbursement takes place shortly after.

1. Complete Aktos Commercial Loan Application (SBA loan application for SBA loans)

2. Tri-merge credit report (Some of these programs don’t require a credit report pulled, nevertheless some do require a hard pull tri-merge credit report to be pulled with signed Application. Let us know if you have a recently pulled tri merge report.) 

3. Recent Rent Roll (for Investment property loans)

4. Property Operating Statement (for Investment property loans)

5. Last 2-3 Year Financials & YTD (for Property if Investment loan and for Business if Owner Occupied Commercial Loan)

6. Balance Sheet

7. Business Debt Schedule

8. Guarantor/Borrower resume / experience

9. Schedule of Real Estate Owned (for Investors)

10. Purchase & Sale Agrement (on purchases)

11. Other information that is available (ie. pictures, environmental reports already in place Phase I/Phase II, etc.)

1. Complete Aktos Commercial Loan Application

2. Tri-merge credit report (Lender pulled with signed Application / let us know if you have a recently pulled tri-merge report) 

3. Recent Rent Roll (on multi-unit property)

4. Property Operating Expenses (Annual Taxes and Annual Insurance on subject property)

5. Purchase & Sale Agreement (if purchase).

1. Complete Aktos Commercial Loan Application

2. Tri-merge credit report (Lender pulled with signed Application / let us know if you have a recently pulled tri merge report) 

3. Recent Rent Roll (on multi-unit property)

4. Property Operating Expenses (Annual Taxes and Annual Insurance on subject property)

5. Purchase & Sale Agreement (if purchase).

1. Complete Aktos Commercial Loan Application

2. Tri-merge credit report (Lender pulled with signed Application / let us know if you have a recently pulled tri merge report) 

3. Scope of work (detailed breakdown of costs for ground up constrution of property)

4. Builder Resume & Schedule of RE Owned

5. Third party informaiton:  General Contractor Information, Title Company contact information, Insurance Company contact information

6. Important: To start on loan – permits must be approved by municipality.

1. Aktos Bridge Loan Application

2. Last 2 years and Year to date Financial Statements

3. Personal Financial Statement

4. Recent Rent Roll (on Investment Property Loans)

5. Property Operating Expenses (on Investment Property Loans)

6. Property Proforma Statement

7. Business Debt Schedule

8. Other Information that is available from the borrower.

2 to 10 business days on average after we receive a complete loan submission

Between 2 to 4 weeks on average

25-40 days on average, depending on the loan program.  In some instances where limited documentation is required may be less.

Rates vary.  Currently rates available are in 5% plus.

Loan to value ranges from 50% to 75% LTV on investment loans and up to 90% on SBA loans (*up to 100% LTV on Bank Grade Loans to Doctors and Dentists).  Loan to cost on Fix & Flip, FIx & Hold or Ground Up Construction loans can range from 50% LTC to 80% LTC.

5, 7, 10 and up to 30 years.  25 years on SBA.

Most loans have a pre-payment penalty in place.  Some programs do not have prepayment or may have options to do away with it.  Let us know what is your time frame to exit the loan so we can accomodate the best lending option available.

Depending on the program there are full recourse and no recourse alternatives available (when applicable).

Reach us anytime with your questions or inquiries at: info@aktoscapital.com or call us at 786-322-6173.  We are here to help you !