What makes EDC different from other hard money lenders?
Availability of Funding & Quick Closings
A huge advantage of using EDC is our quick loan turn around. If you are bidding on a foreclosure property, an estate sale, or any property from a motivated seller, your ability to move fast will often determine your ability to purchase a property at a drastic discount. Banks will normally take thirty to sixty days to close. This will rob you of a competitive edge. EDC can close within 7-10 days from receipt of your loan application. This is powerful when bidding at auction or making an offer on a property!

EDC Experience 

The EDC team has expertise in investment property rehab and the dynamic world of mortgage financing and we are eager to share that information with our borrowers. Our advice and insight can make your rehab project run much smoother helping you avoid potential pitfalls that many investors can make.

EDC Resources

EDC has many financing resources available to you the investor to assist you with your refinance of your EDC loan to a permanent mortgage or for your first time home buyers. We have relationships with banks and other direct lenders that will be helpful in getting you or your buyers permanent financing in place to pay off your EDC loan.

Less Risk

EDC does not require that you make monthly interest payments during your six month loan term. Traditional banks will require you to bring a down payment to closing and also make interest payments every month. At EDC, we finance the interest payments for you, so that you as the investor to have extra cash on hand and focus your resources on getting your project completed and either sold or refinanced.  

Consulting Experience – Real Estate Consulting

EDC has a team that will assist you in analyzing your deal before we even make the loan on the property. EDC will offer cost saving suggestions, construction suggestions, and just simply set the project in the right direction from the outset. Your EDC territory director and our corporate staff will always be here to consult you and answer any questions that you might have about anything in regards to real estate investing.

Best Terms

True 100% Financing, No monthly interest payments, No application fees, No draw or inspection fees!

Locations and Coverage Areas

EDC services several markets from the East Coast to the Midwest. You can view a map of our coverage areas and get to know your EDC Territory Director by clicking here.

To apply for a loan with EDC today, please complete our easy, online loan application. You may also contact your EDC Loan Consultant Shawn Skiff to answer any questions you may have about our loan program.  he can be reached at 757-460-9096 ext. 113 or by email at shawn@equitydevelopmentcorp.com
 
Home | Contact Info | E-Mail Contact | Directions | Privacy Statement | Terms of Use
All Rights Reserved by Equity Development Corporation
Site by Marathon Consulting