JV Capital will be responsible for identifying and screening potential mortgages so they fit within their established risk profile.
Our exclusive law firm Grechi Carter PC who acts on behalf of JV Capital and the investors, will conduct due diligence on the property and drive the mortgage towards closing. This process generally takes 3-4 days. Meanwhile, the investors will enter into an administrative services agreement with JV Capital’s administration company NEF outlining how the loan will be administered on their behalf.
When funds are requested by the lawyer, the investors will deposit funds into the lawyer’s trust account to be held in escrow pending closing. On closing, the lawyer will place a security charge on the property in favor of JV Capital (NEF) for their beneficial interest in the property.