SOCOTRA CAPITAL WELCOMES MORTGAGE BROKERS, BANKERS, AND HARD MONEY LENDERS
Become an Approved Socotra Capital Broker
Socotra Capital is a direct lender with more than $200 million in assets under management. All across the country, more and more mortgage brokers and lenders are choosing Socotra as their partner for their clients and transactions that need a direct lender that can perform when others cannot.
While there are many transactions where you can get help through traditional lenders, some will require a more specialized approach. Maybe the loan doesn’t fit your program or your lending capacity is tied in other transactions, but you still want to make a deal happen for the benefit of yourself and your client. That’s where we come in. Socotra is the partner you can trust to close residential and commercial real estate deals where financing is a concern.
We do one thing, and we do it better than anybody: hard money.
Tired of wondering where to send your turndowns? Does your bank have lending parameters that are too tight? Are you unsure where you can send your clients that have nowhere else to go? We love working with professional brokers and lenders that have clients that would normally get a conventional loan but now, due to tighter restrictions, have to use a bridge loan or a hard money loan.
Whether you’re a hard money lender yourself, a mortgage broker, or a banker, when you partner with Socotra Capital you join our close family of loan originators. We believe in good communication and finding solutions. Your client is your client, but we will get the job done with the same level of speed and care that we give to our own direct clients. Our reputation in cooperating with other brokers is the heart of our business, and it has allowed us to create a broader loan program and become your hard money lender of choice.
We structure loans to provide your client with the time they need to get their balance sheet, tax returns, or other financials back in line to qualify for that long-term financing they’re looking for. If the equity is there, we are the lender that wants to make that loan.
New to Private Money Lending and Hard Money?
If you are new to lending or are new to hard money, Socotra Capital can teach you what it takes to make a hard money deal. We can finance large commercial deals of up to $20,000,000, as well as smaller residential fix and flips projects as low as $100,000. We can provide this financing as quickly as a few days from a complete loan application. We love to move quickly. That is where we feel we can win the deal for you and your client.
If you have clients that are investors, are buying distressed properties, and are looking for alternative financing, we can show you how to structure the deal and make a loan with Socotra Capital as an approved broker. Many of our most prized loans were originated from outside loan originators, and without these new loan brokers, we couldn’t grow. We want you to learn about the hard money world so you can work with us.
Whether your clients are new to the world of investment properties or are experienced real estate investors, they likely understand that finding financing is the first step towards making a purchase. However, many investors find the restriction of traditional home mortgages too burdensome for investment properties. For these investors, equity-based hard money loans are a perfect alternative to bank-backed financing.
Our underwriting guidelines focus on equity, not borrower credit. We have accepted borrowers with low credit scores, prior bankruptcies, and foreclosures. Our process allows us to assess your situation and fund your specific hard money needs. We take pride in providing this personalized attention and can often provide you with same-day pre-qualification.
Being An Approved Broker With Socotra Capital
The first step in becoming an approved broker is to fill out our Mortgage Broker Approval Form. We will review the form and contact you to discuss our funding structure and client financing options. Building a partnership with Socotra Capital is a great way to increase your own sales while supporting the dreams of your clients.