ABOUT US
At Springboard Funding, the fabric of our company is built on a firm foundation of integrity, honesty, and a strategic approach to getting your loan funded.
We lend to beginners and experienced real estate investors looking for timely and simple loan options. In most cases, we close loans quicker than banks.
Whether your investment is a fix and flip, a rehab to rental, multifamily, or a new construction project, We are committed to removing the complexity often involved with funding. We are on your side and here to help impact your goals as quickly as possible.
We are an asset-based real estate investment funding company founded by Thach Nguyen and Stephanie Owens, also the founders of Springboard to Wealth.
The two started the company when they recognized there was a need for a progressive real estate financing option that met the needs of today's modern investors. Springboard Funding was developed to better assist their clients, students, and investors who need a better way to find solid financing options.
Collectively they bring more than 50 years of experience in the real estate space. They have successfully completed over 1,000 real estate projects and transactions.
OUR PROCESS:
IT'S SIMPLE.
We offer an entirely new and digital way to finance investment real estate. With our first-of-its-kind platform, we've modernized traditional lending all while focusing on what's most important, you.
1
APPLY
Create an account in our portal (click below) and log in.
2
GET APPROVED
Submit your property information and submit for a new loan.
3
GET FUNDED
Complete the tasks assigned, and wait for your offer.
The whole process takes minutes!
YOUR FUNDING PARTNERS
Springboard Funding loans are designed for real estate investors who need access to capital at competitive interest rates with products that were built by investors, for investors. We can help with Purchase Loans, Rehab loans, Purchase and Rehab combinations, even DSCR (Debt Service Coverage Ratio) or Non-QM loans. We fund on urban single family, new construction, and multi-family properties.
The entire application process can be completed online, in less than 10 minutes. Below are some of our highlights:
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Minimum Fico score requirements starting as low as: 660
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Rates vary based on product, property type, and borrower profile.
OUR LOAN PRODUCTS
Fix & Flip Loans
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Purchase and rehab funding
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Flips and BRRRR projects
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Terms to 18 months
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Increase returns
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Reduce your risk
Construction Loans
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Ground up new construction projects
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Short term funding
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SFR - Town House - DADU project types
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New Construction experience required
Short-Term Rental Property Loans
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Ideal solutions for investors wanting to permanent financing on Short term rentals
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Must be listed on AirBNB or VRBO etc
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DSCR calculated on estimated STR revenue as rent
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Up to 75% purchase LTC or 70% cash out LTV
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30 year Am or 5/6 adjustable rate
Bridge Loans
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Ideal product for non-rehab hold projects
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Waiting for permits or stabilizing rents
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12, 18, and 24-month terms
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up to 75% LTV/$1.5 Million loan amount
Long-Term Rental Loans
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Non-Owner Occupied properties only
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.75 DSCR in some Major MSA's (1.10 in most)
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Single, 2-4 unit, Multi-Family up to 8 units
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No DTI or tax returns considered
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Nonrecourse, I/O, and ARM's available
Bank Statement Loans
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Ideal for 1-4 until properties that do not hit DSCR requirements
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Bank statements used to calculate qualifying income and loan size
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Loan amounts from $100K to $1.5 Million
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Up to 80% purchase LTV or 70% cash out LTV
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30 Year Am or 5/6 adjustable rate
FREQUENTLY ASKED QUESTIONS
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Closing TimeframesTimeframes vary by product types. Below is a high-level overview: 1.Bridge Loans: 5-7 days 2. Long-Term Rental: 2-3 weeks 3. Construction: 2-3 weeks
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What are common reasons why a loan submission might be denied?The property is not in a state that we finance or in a location that an appraiser would consider rural The property value (or purchase price) is < $75,000. OR The loan amount is < $75,000 (or less than $50,000 per unit for multifamily). The credit score is < 660 or has major delinquencies over the past 2-4 years. Liquidity is < $25,000 or not enough to cover down payment, closing costs, 3-6 months of payments, or rehab reserves. Newer investors taking on extensive rehab projects.
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What is counted as liquidity?Checking, savings, and money market accounts. We can also consider retirement accounts, stocks, and HELOCs at 50% of the balance.
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Can I do a portfolio loan?Yes! A portfolio loan will have lower rates and lower fixed costs than a standard loan (loan fees and third party closing costs). A portfolio loan requires at least two properties within the same state.
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Can I add a partner if I don't meet the credit or liquidity criteria?Yes, the person must be on title within the entity.