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The Everstone Process

Four clear stages, with direct access to the decision-maker at every one. From a complete file to funding in as little as 7–14 days.

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Loan officer reviewing loan documents with a client

Stages & Timelines

  1. Application Reply within 24 hours

    • Submit your project through the online form: property, purchase price, rehab budget, estimated ARV and exit.
    • Attach what you already have: purchase contract, scope of work, photos.
    • We review the deal, may call with a few questions, and send written preliminary terms.

  2. Underwriting Typically 5–10 business days

    • Professional asset evaluation: appraisal or broker price opinion (BPO), plus a site or rehab-scope review.
    • Title search and commitment; borrower and entity background and credit review.
    • You cover the appraisal up front; all other fees are paid at closing.

  3. Approval Within 24 hours of a complete file

    • A clear final term sheet: loan amount, leverage, term, rate, points and conditions.
    • Insurance binder naming Everstone Funding Group as lender.

  4. Closing 1–3 business days after approval

    • Loan documents are signed through a licensed title company or closing attorney.
    • Purchase funds are wired at closing; rehab funds are held in escrow.
    • Request a draw as work is completed; we inspect and release funds, typically within 2–5 business days.

Documents Checklist

The property

  • Signed purchase contract and addenda
  • Rehab budget and scope of work, line by line
  • ARV support: 3–5 recent comparable sales
  • Photos of current condition
  • For rentals: leases or a market-rent estimate
  • For heavy renovation: plans, permits and contractor agreement

The borrower

  • Articles of organization, operating agreement, EIN, certificate of good standing
  • Photo ID of each guarantor
  • Proof of funds for down payment, closing costs and reserves
  • List of past projects (address, dates, prices)
  • Authorization for credit and background check

Before closing

  • Property insurance binder (builder’s risk for heavy renovation)
  • Title company or closing attorney contact details
  • For transactional funding: both signed contracts

Everstone makes business-purpose loans to business entities only, on non-owner-occupied investment property.