FAQs
Common Questions Expert Answers
What states do you lend in?
MA, CT, RI, NH, NJ, FL, SC, VT, ME
What is a typical loan term for CCG?
Loan terms are between 12-24 months.
Do you fund Interest Reserves?
Yes, CCG finances interest reserves into the loan amount, making it easier on clients to focus on the completion of the project.
Do you charge interest on the full loan amount?
No, Cardinal charges interest as it is dispersed throughout the loan.
Do you have a prepayment penalty?
Cardinal does not charge any prepayment penalty for exiting the loan earlier.
What is CCG's maximum LTARV (Loan-to-after-repair-value)?
We lend up to 75% of the LTARV.
Do you offer mortgages for personal properties?
No, Cardinal does not offer any owner-occupied loans.
Does CCG offer portfolio lending?
Yes, we offer portfolio lending.
Is an appraisal required?
Yes, an appraisal is always required.
Do you offer a Broker program (referral or finder's fees)?
Yes, CCG works with many referral partners, please reach out to lending@ccgloans.com for more information.