Every lender says they close fast. The ones who actually do it can tell you exactly why. Appraisals on day one. Title in 48 hours. Here is what that actually looks like inside a file.
Every non-QM lender in the country has "fast close" in their pitch. It is the most used and least defined claim in DSCR lending. When brokers ask what fast close actually means in practice, most lenders give a number. Brick City Capital gives a process.
Speed is not a feature that gets turned on when a deal arrives. It is the output of a set of operational decisions that were made before any deal was ever submitted. How appraisals are ordered. How title is managed. How underwriting is staffed relative to volume. How decisions get made when something unexpected comes up in the file. All of these inputs produce the output that brokers see as speed.
The reason Brick City Capital closes in an average of 18 days is not that we work faster than other lenders. It is that the process is designed so that each step does not wait for the previous step to finish before starting. Parallel processing is not complicated. It requires discipline and it requires someone willing to take on the upfront cost of ordering work before it is technically confirmed.
Here is the actual sequence inside a Brick City Capital file. Not the marketing version. The operational version.
DAY 1
The day a file is submitted with a complete package, the appraisal is ordered and title is opened. These two steps do not wait for initial underwriting review to complete. Waiting for underwriting sign-off before ordering the appraisal adds five to seven business days to every close. We absorb the risk of ordering before confirmed approval. Most lenders do not.
DAYS 1–3
The underwriting team reviews the complete file and issues initial conditions within 72 hours of submission. Conditions are specific, not generic. A condition list that says "provide all income documentation" is not a condition list. A condition list that says "provide 12-month bank statement for Chase account ending 4421" is a condition list a broker can act on immediately.
DAYS 4–10
The appraisal typically returns within seven business days of order. Condition resolution from the broker runs in parallel. When both are complete at the same time, which is the design intent, the file moves to final underwriting review without waiting for sequentially completed steps.
DAYS 10–14
Final underwriting review once all conditions are satisfied and the appraisal is in. Clear to close issued within 48 hours of final submission in most cases.
DAYS 15–18
Closing docs out from title. Funds wired. The broker's borrower gets the keys. The broker gets paid. The deal is done.
What Slows This Down
The single most common cause of a file running past 18 days is incomplete conditions from the broker at day one. When the initial submission is missing documents that were predictably required, the underwriting team is waiting on the broker instead of working the file. The 18-day close is a joint output. The broker's discipline on the submission package is as important as the lender's operational discipline on processing.
Our processing team moves from day one. Come in with a complete package and we will prove the timeline.
Not complete as in "we can get the rest later." Complete as in every document the underwriter is going to ask for is already in the file. The checklist is available on the broker portal. Use it before submitting, not after conditions come back.
The intake call exists to surface structural issues before the file is in process. A structural problem found after submission adds time. A structural problem found before submission changes how the application is built.
The file cannot move while the broker is gathering documents. Every day the broker takes to respond to a condition is a day added to the close timeline. The fastest-closing brokers treat condition responses with the same urgency as initial submission.
A purchase price reduction after the appraisal comes in, an entity change after title is opened, a rate lock extension after the initial lock expires: each of these events restarts parts of the process. The deals that close in 18 days are the deals where nothing changes between submission and close.
The Competitive Reality
When a motivated seller accepts an offer from an investor with DSCR financing, they are accepting the risk that the financing closes when it is supposed to. A lender with an 18-day track record is a different conversation than a lender who says they close "as fast as possible." The borrower who can say to a seller "we have closed 18-day DSCR deals consistently" is the borrower who gets the contract in a multiple-offer situation. That is not a small edge.
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50 Park Place, Suite 301
Newark, NJ 07102
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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 state. 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.
