Note: Scanned copies will be accepted for appraisal purposes. Once the application is funded, hard copies will be submitted for purposes of registration of encumbrance.
What is Real Estate Mortgage (REM)?
A REM is an agreement where a real estate is put up as a guarantee by the debtor in the creditor's favor for a loan. If the debtor fails to pay the loan the creditor may foreclose the mortgage and sell the real estate property. The proceeds of the sale will then be used to pay the debt.
I have a real estate property but I don’t have a registered business, am I qualified for financing?
Unfortunately, Investree’s financing programs are exclusive to registered businesses.
Can I use more than 1 property as collateral?
Yes, you may use more than 1 collateral to increase the amount that you can borrow.
How long does it take to process the financing?
If the documents are complete and submitted on time, you can receive your fund between 5-7 weeks.
The real estate property is not under the business or company name, can I use it as collateral?
Depending on whom the property is titled to and the relation to the business or company, we may accept subject to third-party REM. We can discuss the details more thoroughly with you.