FAQ – Borrowers

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Browse our frequently asked borrowing questions and how Sharestates can provide you with the right information and tools to start safe and reliable funding. Ready to get funded? Our Private Client Relations team is ready to connect you with the right investors.

What do I need to qualify as a borrower with Sharestates?

A borrower (aka “Sponsor”) can be a real estate developer, a real estate rehabilitator, or any other property owner looking for funding. To get a project financed, the developer must be an entity, not a physical person. Sharestates works exclusively with experienced borrowers, who can provide a strong track record. Sharestates runs each borrower’s background and credit for approval. All new projects provided by a returning developer will still be reviewed individually. No projects will be reviewed if developers FICO is less than 620.

What is the funding process with Sharestates?

There are two ways to submit a real estate project for consideration.

 

Following application submission, allow one to two business days to receive an approval on your project as well as receive the necessary next steps to secure a closing date. Submit your application by selecting one of the below options:

 

  1. Submit your real estate loan application using the Sharestates online borrower portal (https://www.sharestates.com/get-financing)
  2. Create an account on sharestates.com and submit your loan application directly via your Sharestates account

 

Once you have an approval on your loan application, you will receive a term sheet from one of our representatives. As each project varies, the steps to closing will then be determined by our senior underwriting and processing teams based on the complexity of your individual deal.

 

For any questions regarding the lending process, please contact hello@sharestates.com or call (212) 201-0750.

What are the interest rates? Are there any additional fees?

For debt loans Sharestates charges 8-14% interest rate. Additionally Sharestates charges 1%-5% origination fee to each issued loan.

What types of projects does Sharestates finance, and what loans are offered?

Sharestates finances all asset classes (residential, multi-family, and commercial). We are ready to offer loan programs for hard money, mid term (portfolio and individual), long term, and bridge loans, also senior debt, mezzanine and equity financing.

 

To learn more about loan programs offered, visit sharestates.com. To speak to a Sharestates representative about a specific loan scenario, contact us at hello@sharestates.com or call (212) 201-0750.

What is the maximum I can borrow from Sharestates?

Our loan amounts range from $100,000 to $5,000,000.  On certain property types, we can lend up to 85% LTV/LTC and up to 100% of the construction budget. To submit a loan application for approval, please visit Sharestates.com. To speak to a Sharestates representative regarding a real estate loan, please contact hello@sharestates.com or call (212) 201-0750.

What is the typical maturity period for loans?

The typical maturity period with Sharestates is 12 months. On a case-by-case basis, two 6 month extensions may be granted.

What payment schedules are available?

All loans are interest only balloons.

How long does it take to get funding?

On average, funding can take 15-30 days. Closings can be as fast as 5-7 days, depending on the complexity of the deal. To speak to a Sharestates representative regarding a real estate loan, please contact hello@sharestates.com or call (212) 201-0750.

What is the Sharestates real estate crowdfunding process?

The Sharestates crowdfunding process is very similar to any other funding option via Sharestates. This is because Sharestates will pre-fund a loan, only opening it to the crowdfunding platform after closing. For all questions regarding funding sources, please contact Sharestates directly.

 

There are two ways to submit a real estate project for consideration. Following application submission, allow one to two business days to receive an approval on your project as well as receive the necessary next steps to secure a closing date. Submit your application by selecting one of the below options:

 

  1. Submit your real estate loan application using the Sharestates online borrower portal (https://www.sharestates.com/get-financing)
  2. Create an account on sharestates.com and submit your loan application directly via your Sharestates account

 

Once you have an approval on your loan application, you will receive a term sheet from one of our representatives. As each project varies, the steps to closing will then be determined by our senior underwriting and processing teams based on the complexity of your individual deal.

 

For any questions regarding the lending process, please contact hello@sharestates.com or call (212) 201-0750.

What kinds of loans does Sharestates offer real estate developers?

We are ready to offer the below program types to qualified real estate borrowers:

 

  • Hard money
  • Senior debt financing
  • Mezzanine financing
  • Equity financing
  • Bridge loans
  • Mid term loans
  • Long term loans
  • Jumbo bridge loans
  • Portfolio mid term loans


To learn more about these offerings, visit our how it works/borrowers page. Sharestates also offers extensive broker programs as well as a correspondent lending program, Shareline, for small lenders. To speak to a representative regarding any of the unique Sharestates lending solutions, contact us at hello@sharestates.com or cal (212) 201-0750.

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