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.
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