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Our Lending Process

At Brick City Capital, we’ve refined our lending process so investors know exactly what to expect, from deal intake to funding. Our approach blends market-aligned underwriting, proactive communication, and parallel execution to deliver predictable closes without delays.

Intake & Application

All information is collected up front to support initial eligibility review, program placement, and deal structure.This early intake allows us to identify the appropriate DSCR program and establish expectations before moving forward.

1.1 Deal Intake & Pre-Qualification

We begin by collecting core borrower and property details, as well as other deal economics. This includes:

Property characteristics and zoning
Income and operating expenses
Requested loan structure and pricing
Transaction basis and value

This is used to evaluate eligibility and identify the most appropriate DSCR program based on the asset’s income profile.

1.2 Borrower & Application Details

We collect borrower and ownership information including:

Credit & Background
Financial Strength
Occupancy & Income
Residency & Ownership

This information allows us to identify best-fit program placement early in the process.

Program Placement and Term Sheet Alignment

This step is designed to align expectations early and prevent re-trades later in the process.

What is outlined on the term sheet is what we are targeting to close.

2.1 Up-Front Review

At this stage, we perform high-level processing and underwriting up front to proactively identify items that could otherwise surface later in the transaction.

2.2 Term Sheet Issuance

Once pre-qualified, we issue a tailored term sheet outlining:

Loan amount and structure
Rate guidance
LTV and DSCR targets
Amortization and prepayment terms

Term Authorization and Due Diligence Kickoff

Once terms are agreed upon, we formally initiate the transaction and begin third-party work immediately.

All required reports are ordered on day one to maintain momentum and protect timelines.

3.1 Term Authorization

After agreement on program and product fit, we submit the file for term authorization and initiate due diligence.

3.2 Third-Party Coordination

Immediately after authorization, we collect and order:

Title contact information
Appraisal payment details
Insurance contact information

Processing and Documentation Collection

This step focuses on assembling a complete, well-organized file to support underwriting and closing.

Documentation collection and third-party review advance in parallel.

4.1 Borrower & Entity Documentation

We collect:

Government-issued identification
Two months of recent bank statements
Borrower track record
Entity formation documents including Certificate of Formation, EIN, Operating Agreement, and Certificate of Good Standing

When applicable, we also collect:

Executed leases
Proof of recent renovations
Proof of first month’s rent and security deposit
Proof of recent rental collections

4.2 Verification & Third-Party Review

In parallel, we complete:

Verification of Mortgage on borrower’s primary residence
Verification of Mortgage on subject property
Payoff statements valid for at least thirty days
Title review and lien analysis
Insurance coverage verification
Appraisal review
Final title and insurance figures

Package Review and Final Deal Validation

Final numbers are reviewed to confirm alignment with initial term sheet
assumptions before closing.

5.1 Items Reviewed

We evaluate:

Appraised value relative to expectations
Appraised market rents versus in-place rents
Tax figures versus underwriting assumptions
Insurance costs versus initial estimates
Rent justification support
Loan amount, leverage, or program adjustments if required
Final title and insurance figures

This review ensures deal economics remain consistent through closing.

Final Underwriting Approval and Clear to Close

Once all conditions are satisfied, the transaction is approved and prepared for closing.

6.1 Final Underwriting Approval

At this stage, underwriting completes its final review and issues approval.

This includes:

Signing of the BLAA (Borrower Loan Acceptance Agreement)
Final confirmation of rate locks
Program compliance review
Final loan structure confirmation

The file is then pushed to pre-clear-to-close.

6.2 Clear to Close

Following final underwriting approval, the transaction is prepared for closing.

This includes:

Distribution of the closing email chain to all parties and scheduling the closing date
Circulation of a preliminary closing statement for review and approval

Once clear to close is issued, all parties are aligned on timing and final figures ahead of closing.

Closing, Funding, and Servicing

The transaction is completed, funds are disbursed, and the loan transitions to ongoing servicing.
‍
Once closing occurs, day-to-day loan management is handled by a dedicated loan servicer.

7.1 Closing

On the closing date, borrower signs final loan documents and sends them back for review and confirmation. Funds are then transferred.

7.2 Servicing

All newly originated loans are managed by a dedicated loan servicer. Servicing details are provided during the closing process.

Once active, the servicer handles:

Monthly payments
Escrow-related inquiries

Monthly payments are drawn between the first and tenth of each month, based on borrower selection at closing.

Get Quote

Our headquarters

50 Park Place, Suite 301 

Newark, NJ 07102

Contact

(973) 705-7725

sales@brkcty.com

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Single-Family Residential

Single-Family Portfolios

Short-Term Rentals

Non-Warrantable Condos

Multi-Family

Mixed-Use

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¹ All loans are for business purposes only and subject to Brick City Capital's underwriting, due diligence, and approval. Terms, amounts, and timelines may vary by borrower, property, and structure. Not all products are available in every date. Past results do not guarantee future outcomes.  
² Representative examples are for illustrative purposes only. Past closings are not a guarantee of future results. Actual closing timelines and amounts will vary by transaction and borrower qualifications.

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